Thinking about buying a home in Broward County this year?
The purchase price is just the beginning.
Many buyers are surprised to learn that two homes with the same price tag can have very different monthly costs. Between property taxes, HOA fees, and insurance, your “affordable” home can quickly feel expensive—or vice versa.
Let’s break down what buyers really need to know before making a move.
💰 1. Property Taxes: Why They’re Not One-Size-Fits-All
In Broward County, property taxes can vary widely depending on:
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The city or municipality
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Whether the home has a Homestead Exemption
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Recent sales history of the property
What buyers typically see:
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Lower taxes: $3,000–$4,000/year
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Average range: $4,000–$6,000/year
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Higher taxes: $6,500+/year
👉 Two similar homes just a few miles apart can have very different tax bills.
Pro tip: Always ask for the estimated taxes after purchase, not just the current owner’s bill.
🏢 2. HOA Fees: The Good, the Bad & the Expensive
HOA fees are one of the biggest surprises for South Florida buyers.
Typical monthly HOA ranges:
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Single-family homes: $100–$400
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Townhomes: $250–$500
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Condos: $400–$800+
Higher HOA fees often include:
✔ Exterior maintenance
✔ Insurance
✔ Amenities (pools, gyms, security)
✔ Landscaping & common areas
But high fees aren’t always bad—especially if they replace costs you’d otherwise pay separately.
⚠️ The real red flag isn’t high HOA fees—it’s poor reserves or upcoming assessments.
🧠 3. What Most Buyers Overlook (But Shouldn’t)
Before falling in love with a home, smart buyers ask:
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Are HOA fees increasing?
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Are there special assessments planned?
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Does the HOA cover insurance, water, or roof maintenance?
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What will my total monthly payment really be?
This is where working with a local real estate professional makes all the difference.
✅ The Bottom Line
The “right” home isn’t just about price—it’s about monthly comfort.
Understanding taxes, HOA fees, and long-term costs helps you:
✔ Avoid surprises
✔ Compare homes accurately
✔ Buy with confidence
📍 Thinking About Buying or Selling in Broward County?
If you’d like help:
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Comparing true monthly costs
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Understanding HOA documents
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Finding homes that fit your lifestyle and budget
👉 Let’s talk. A quick conversation can save you thousands—and a lot of stress.