The City of Hollywood has published a page explaining how property taxes support city services, as a constitutional amendment on property taxes heads to the November 2026 ballot after action by the Florida Legislature.
According to the city, property taxes account for about 46% of the General Fund. Nearly two-thirds of the General Fund budget pays for public safety, including police and fire rescue.
The city estimated financial effects over the first two years of the proposed homestead exemption. Year 1 is based on a $150,000 exemption. Year 2 is based on a $250,000 exemption, and that figure would be adjusted each year for the Consumer Price Index, so the impact would keep growing after Year 2.
The city said the actual effect would depend on the changes voters approve, any replacement revenue authorized by state law, and future budget decisions made by city commissioners. Property tax rates are set each year through a public budget process that includes public hearings and a City Commission vote.
Hollywood also noted that Florida’s Save Our Homes amendment already caps annual assessment increases on homesteaded property at 3% or the change in the Consumer Price Index, whichever is lower.
