Taxes in Hollywood, Florida
Complete tax guide for Hollywood, FL. No state income tax, 0.89% property tax, 7% sales tax. Calculate your total tax burden.
State Income Tax
None
Florida
Property Tax
0.89%
Effective rate
Sales Tax
7%
Combined rate
Tax Burden
Very Low
Hollywood, FL Tax Overview
No state income tax; between Miami and Fort Lauderdale
Population
154,823
Median Income
$52,218
Cost of Living
105.3 (100 = avg)
State Income Tax
None
Median Home Price
$310,000
Hollywood Tax Calculator
Pre-filled with Hollywood median: $52,218
Total Tax Burden in Hollywood
$8,222
Take-Home: $43,996 · Effective Rate: 15.75%
Federal Tax
$4,228
8.10% eff.
FL State
$0
0.00% eff.
FICA
$3,995
7.65% eff.
Take-Home
$43,996
84.25% kept
Tax Breakdown
| Item | Annual | Monthly |
|---|---|---|
| Gross Income | $52,218.00 | $4,351.50 |
| Federal Income Tax | -$4,227.66 | -$352.31 |
| Florida State Tax | $0.00 | $0.00 |
| Social Security (6.2%) | -$3,237.52 | -$269.79 |
| Medicare (1.45%) | -$757.16 | -$63.10 |
| Take-Home Pay | $43,995.66 | $3,666.31 |
Property Tax in Hollywood
Median Home
$310,000
Annual Tax
$2,759
Monthly Tax
$230
Effective Rate
0.89%
Sales Tax in Hollywood
Combined Rate
7%
State Portion
~4.5%
Local Portion
~2.5%
The combined sales tax rate in Hollywood is 7%, which is below the national average of 7.12%. On a $100 purchase, you would pay $7.00 in sales tax.
Tax Burden Comparison
| Tax Type | Hollywood | Florida Avg | National Avg |
|---|---|---|---|
| Income Tax | None | None | 4.6% |
| Property Tax | 0.89% | ~0.89% | 1.1% |
| Sales Tax | 7% | ~7% | 7.12% |
| Overall Burden | Very Low | — | Moderate |
Tax Saving Tips for Hollywood Residents
- Florida has no state income tax, meaning your income is only subject to federal taxes and FICA. Consider investing your tax savings into a Roth IRA for tax-free growth.
- Property tax in Hollywood (0.89%) is below the national average of 1.1%. This makes homeownership more affordable here relative to property tax burden.
- Use a Health Savings Account (HSA) if eligible. Contributions are tax-deductible ($4,300 individual, $8,550 family), growth is tax-free, and withdrawals for medical expenses are tax-free.
Other Cities in Florida
Jacksonville
Very LowMiami
ModerateTampa
LowOrlando
Very LowSt. Petersburg
Very LowHialeah
LowPort St. Lucie
LowTallahassee
Very LowCape Coral
LowFort Lauderdale
LowPembroke Pines
LowGainesville
Very LowCalculate Your Full Florida Tax Burden
See detailed state tax brackets, FICA breakdown, and compare to neighboring states.
Frequently Asked Questions
What are the tax rates in Hollywood, FL?
Hollywood, Florida has no state income tax. The property tax rate is 0.89% and the combined sales tax rate is 7%. No state income tax; between Miami and Fort Lauderdale
How much is property tax in Hollywood?
The effective property tax rate in Hollywood is 0.89%. On the median home price of $310,000, this equals approximately $2,759 per year or $230 per month. This is below the national average of 1.1%.
What is the sales tax rate in Hollywood?
The combined sales tax rate in Hollywood is 7%, which includes both state and local components. This is below the national average combined rate of approximately 7.12%.
How does Hollywood's tax burden compare to other cities?
Hollywood has a very low overall tax burden. The effective total tax rate for a median-income household is approximately 24.2%. The absence of state income tax significantly reduces the overall burden. Cost of living index is 105.3 (100 = national average).
Are there any local taxes in Hollywood?
Hollywood does not impose a separate local or city income tax. Residents pay no state income tax, federal income tax, and FICA (Social Security and Medicare). No state income tax; between Miami and Fort Lauderdale