Hollywood Approves FY2026 Millage Rate and Tax Levy | Hollywood Commission

COMMUNITY IMPACT

Every Hollywood property owner will see this millage rate reflected on their 2025 TRIM notice and annual tax bill. The adopted rate determines how much property tax residents and businesses pay per $1,000 of assessed value in FY2026. A higher rate increases tax bills; a lower or flat rate holds them steady relative to assessed value changes.

PROFESSIONAL ANALYSIS

The Commission's adoption of the FY2026 millage rate and tax levy is the culminating step in the annual budget cycle, binding all taxable parcels within Hollywood's jurisdiction to the certified rate. Real estate professionals and investors underwriting Hollywood assets should update pro forma operating expense projections to reflect the newly adopted rate. Attorneys handling closures or 1031 exchanges with November or later settlement dates must incorporate the final levy into tax proration calculations. Property owners who believe their assessed value is excessive retain the right to challenge through the Value Adjustment Board prior to the statutory deadline, which runs concurrent with this levy adoption period. The resolution carries the weight of final approval, meaning the rate is effective for FY2026 tax bills issued by Broward County. The Signal: Confirm the exact adopted millage figure from the final resolution and revise all Hollywood property underwriting models and tax prorations immediately.