Fort Lauderdale Mayor Dean Trantalis, Boca Raton Mayor Andy Thomson and Broward County Property Appraiser Marty Kiar hosted an event in South Florida where they made speeches opposing cuts in Florida’s property taxes, because of course they did.
Trantalis told the crowd of more than 40 business leaders, attorneys and real estate agents property taxes fund 45% of the city’s day-to-day operations, with more than half of Fort Lauderdale’s budget — 62% — pays for police and fire service. The claim is how every dime in taxes is essential, property taxes only come from owner occupied property, and any cuts to those taxes will result in less service from police and fire.
The misdirection is 45% of the city’s day to day operations is in itself a bit of a lie. He is pulling a stunt that excludes sections of the budget in order to hide the real monetary picture here. By saying “day to day operations” he is talking about only one section of the city’s overall budget. The day to day operations he is speaking about is the city’s general fund. The mayor’s fuller statement says that approximately “48 cents of every General Fund dollar” comes from property taxes, but the General Fund is only 43.5% of the city’s $1.194 billion adopted operating budget. So “property taxes fund nearly half of the city’s day-to-day operations” is a way of hiding a narrower fact: property taxes fund less than half of the General Fund, and only about 22% of the city’s entire annual spending.
That distinction matters because many genuine day-to-day city operations sit outside the general fund:
- Water and wastewater
- Sanitation
- Stormwater
- Parking
- Airport operations
- Building services
- Internal-service operations
Those activities are primarily supported by utility rates, service charges, assessments and other dedicated revenue, not property taxes.
The city has a total annual budget of $1.194 billion. Of that 1.2 billion, homestead property taxes are only $79.8 million, or about 6.6% of the city’s budget. The remaining roughly $185 million in ad valorem revenue comes from non-homesteaded residential, commercial, rental, industrial, and other taxable property.
So to boil things down- the loss of all ad valorem revenue from homestead property would cause the city to lose less than 7% of their total budget.
What impact would that have? Let’s take a look at the city’s total budget for the past 5 years.
| Fiscal year | Total adopted expenditures | Year-over-year increase | Year-over-year % |
|---|---|---|---|
| FY 2022 | $897,744,024 | — | — |
| FY 2023 | $985,053,597 | $87,309,573 | 9.7% |
| FY 2024 | $1,071,928,055 | $86,874,458 | 8.8% |
| FY 2025 | $1,193,279,369 | $121,351,314 | 11.3% |
| FY 2026 | $1,194,366,687 | $1,087,318 | 0.1% |
In the past five years, the city’s budget has grown by a total of 33%. Even eliminating all of the $80 million in ad valorem revenue from homesteaded property would leave Fort Lauderdale with roughly $1.115 billion, which is still 4% above its FY 2024 budget.
Amendment 3 wouldn’t even go that far. The median value of residential property in Fort Lauderdale is about $486,000. The amendment would increase the homestead exemption from $50,000 to $250,000 over a two year period. This would have the effect of reducing the taxable value of the median homestead property in Fort Lauderdale by 46%. In other words, Fort Lauderdale would see a 3.6% reduction in their overall annual budget as a result of Amendment 3.
Sources
Mayor’s public statement to social media on spending and taxes


