Taxes & Insurance in Hollywood
Hollywood sits in Broward County and pays into the same countywide millage structure as the rest of Broward, plus a South Broward-specific hospital-district levy tied to the Memorial Healthcare System. Insurance costs run high by Florida's already-elevated statewide standards, with real, documented flood-zone exposure layered on top.
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Learn moreBroward County millage was cut for FY2025-26, but bills are still rising
Broward County lowered its countywide millage rate to 5.6658 mills for FY2025-26, the first reduction since 2018, but property owners are still generally seeing tax bills increase because assessed property values continue climbing (WLRN, September 2025; Broward County budget documents, retrieved 2026-08-22). The full combined rate -- stacking county, city, school district, and special districts -- runs an average of about 19.8 mills countywide, with effective property tax rates ranging roughly 0.85%-2.02% depending on location; confirm the exact rate for a specific parcel at bcpa.net.
A distinctive local levy: the South Broward Hospital District
Memorial Regional Hospital and the rest of the Memorial Healthcare System operate as the South Broward Hospital District, a special taxing district covering southern Broward County including Hollywood. The most recent confirmed rate found this session was 0.0869 mills for the district's FY2024-25 cycle (mhs.net/Memorial Healthcare System coverage, retrieved 2026-08-22); a current FY2025-26 rate was not independently confirmed this session -- confirm the current figure directly with the Broward County Property Appraiser.
Homestead exemption and Save Our Homes apply statewide
Florida's 2026 homestead exemption totals $51,411 for a primary residence (up from $50,722 in 2025, reflecting the 2024 voter-approved Amendment 5 inflation adjustment), and the Save Our Homes cap limits annual assessed-value growth to a fixed percentage once homesteaded -- a statewide rule applying in Hollywood exactly as elsewhere in Florida, not resetting a new buyer's first-year bill.
Insurance: statewide-high, with real, documented flood exposure locally
Florida homeowners insurance runs $3,240-$10,384/year statewide, the highest in the nation, per Florida's statewide record. Locally, City of Hollywood flood-map guidance and third-party flood-insurance coverage both describe much of the city east of US-1 as high-risk FEMA Zone AE or VE, with roughly 35% of properties in high-risk flood zones and over 11,000 properties newly required to carry flood insurance after FEMA's July 2024 remap (hollywoodfl.org; Louis Law Group, retrieved 2026-08-22) -- flood insurance is a separate policy from homeowners insurance and is not optional for federally backed mortgages in those zones. Hollywood does participate in FEMA's Community Rating System, which can reduce NFIP premiums somewhat.
Key takeaways
- Broward County's FY2025-26 countywide millage was cut to 5.6658 mills (first reduction since 2018), but rising assessed values mean many bills still increase; combined local millage averages about 19.8 mills countywide.
- Hollywood falls within the South Broward Hospital District (Memorial Healthcare System), a special taxing district; the most recent confirmed rate found this session was 0.0869 mills (FY2024-25) -- confirm the current FY2025-26 rate directly.
- Florida's 2026 homestead exemption ($51,411) and the Save Our Homes assessed-value cap apply statewide, including in Hollywood.
- An estimated 35% of Hollywood properties sit in high-risk FEMA flood zones, with 11,000-plus newly required to carry flood insurance after a July 2024 remap -- a real, address-specific cost on top of standard homeowners insurance.
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