Punta Gorda, Florida Property Taxes
The median property tax rate in Punta Gorda, FL is 1.40%, considerably higher than both the national median of 0.99% and the Florida state median of 1.14%. With the median home value in Punta Gorda, the typical annual property tax bill reaches $3,093, exceeding the national median of $2,690. Property taxes in Punta Gorda are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Punta Gorda's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Punta Gorda or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Punta Gorda, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.4%
Estimate Property Tax Bill
$3,454
$3,269
Ownwell’s Punta Gorda Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Punta Gorda with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Punta Gorda to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Punta Gorda, Florida
Property taxes in Punta Gorda, Florida, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Punta Gorda is 1.40%, which is higher than both the Florida state median and the U.S. national median of 0.99%. Local government entities within Punta Gorda set these rates annually, and they can vary significantly across different neighborhoods. Each year, Punta Gorda estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Punta Gorda's effective property tax rate to other areas in Charlotte County and the national median. For comparison, the 33982 zip code has the highest median property tax rate of 1.68%, while the 33983 zip code has the lowest median tax rate of 1.25%. Understanding how these areas compare with Punta Gorda provides valuable insights into the varying tax landscape across Charlotte County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Punta Gorda Tax Rate
1.40%
Average Charlotte County Tax Rate
1.42%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Punta Gorda, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33950 | 0.72% | 0.97% | 1.33% | 1.69% | 1.85% |
| 33955 | 0.69% | 0.95% | 1.35% | 1.82% | 2.29% |
| 33980 | 0.72% | 0.97% | 1.42% | 1.90% | 2.18% |
| 33982 | 0.75% | 1.10% | 1.68% | 2.08% | 2.65% |
| 33983 | 0.72% | 0.88% | 1.25% | 1.79% | 2.12% |
Source: Ownwell
Property Tax Assessment Values Across Punta Gorda, Florida
In Punta Gorda, Florida, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Charlotte County Property Appraiser for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Punta Gorda, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Punta Gorda helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Homeowners in ZIP code 33950 face the highest median tax bill at $4,245, while those in ZIP code 33980 enjoy the lowest median tax bill at $2,231.
Average Punta Gorda Assessed Value
$246,696
Average Charlotte County Assessed Value
$241,434
Average Florida Assessed Value
$276,648
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Punta Gorda, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33950 | $113,358 | $197,900 | $322,886 | $571,646 | $750,478 |
| 33955 | $60,314 | $141,707 | $248,150 | $339,804 | $435,959 |
| 33980 | $78,466 | $111,330 | $174,311 | $247,484 | $301,444 |
| 33982 | $32,300 | $71,715 | $189,377 | $350,090 | $467,620 |
| 33983 | $120,217 | $179,013 | $258,977 | $315,309 | $372,203 |
Source: Ownwell
Property Tax Bills Across Punta Gorda, Florida
In Punta Gorda, Charlotte County, FL, property tax bills are calculated based on the assessed value of the property, which is determined by the county assessor. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Homeowners in Punta Gorda experience a range of tax bills, influenced by factors such as property location, size, and improvements. For instance, the highest median tax bill in the area is $4,245 in the 33950 zip code, while the lowest median tax bill is $2,231 in the 33980 zip code. The median home price in Punta Gorda is $246,696, leading to varying tax bills across the spectrum. For example, the 25th percentile tax bill is $1,845, while the 75th percentile tax bill reaches $4,902. At the 90th percentile, homeowners can see tax bills as high as $7,709. These property taxes are essential for funding local services but can significantly impact household budgets, especially in areas with higher tax rates compared to the national median property tax rate of 0.99%.
Average Punta Gorda Tax Bill
$3,093
Average Charlotte County Tax Bill
$3,041
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Punta Gorda, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33950 | $1,184 | $2,417 | $4,245 | $6,953 | $9,936 |
| 33955 | $955 | $1,615 | $2,858 | $4,381 | $6,178 |
| 33980 | $1,013 | $1,567 | $2,231 | $3,200 | $4,271 |
| 33982 | $716 | $1,351 | $2,746 | $5,007 | $7,607 |
| 33983 | $1,516 | $2,164 | $2,960 | $4,256 | $5,276 |
Source: Ownwell
Don't miss the deadline to petition!
Dates | |
|---|---|
| Property Valuation Date | January 1 |
| Appeal Deadline | September 13 |
| Tax Bill | |
| Issued | November 1 |
Links | |
|---|---|
| Charlotte Property Appraiser | |
| Website | www.ccappraiser.com |