Broward Adopts $9.2B Budget, Flat 5.6 Millage Still a Real Tax Bump
Broward commissioners adopted a $9.2 billion FY2027 budget at a flat 5.6 millage rate, which still outpaces the rolled back rate as taxable values climb.
Broward County commissioners adopted a $9.2 billion budget for fiscal year 2027 on September 22, 2026, holding the countywide millage rate flat at 5.6 mills for a second straight year. The rate sounds unchanged, but Florida’s rolled back rate this year is 5.39, meaning the county is collecting above what flat revenue would require as property values keep climbing, a fact that will show up on every commercial and multifamily tax bill in the county.
Why it matters
For an owner holding property in Broward, flat millage is not the same as a flat bill. The county’s own math shows the rolled back rate, the rate that would raise the same dollars as last year, sits at 5.39. Adopting 5.6 instead means the county is banking the growth in taxable value rather than passing it back, and that growth compounds against a developer carrying a 20 story tower, a garden apartment complex, or an entitled parcel through permitting. Every point of separation between the adopted rate and the rolled back rate is a real dollar increase on the holding cost side of a pro forma, not a headline number to shrug off.
The numbers
The adopted budget totals $9.2 billion: $5.6 billion operating, $2.88 billion in capital spending, and $720.3 million in debt service. At the county’s 5.6 millage rate, the general fund line alone costs $5.60 per $1,000 of taxable value, or $56,000 a year on a property assessed at $10 million for tax purposes, before city, school, and other district levies are added. The capital plan sets aside $27.7 million for the county’s Affordable Housing Trust, one of the few lines in the budget that touches developers directly, funding gap financing for workforce and affordable multifamily projects across the county. Mayor Mark D. Bogen defended the flat headline rate: “We have never raised the millage rate.”
What’s next
The adopted budget and millage take effect October 1, 2026, the start of Broward’s new fiscal year, and apply to TRIM notices going out to property owners this fall. Commissioners did not attach a permitting or impact fee change to this budget cycle, so developers building in South Florida should expect the holding cost pressure to come from taxable value growth rather than a new fee schedule, at least for now.