Punta Gorda, Florida Property Taxes
The median property tax rate in Punta Gorda, FL is 1.19%, 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 at $347,923, the typical annual property tax bill reaches $3,667, 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
1.19%
Estimate Property Tax Bill
$4,140
$3,915
$1,148
Average Punta Gorda, Florida Tax Savings
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 not only helps you understand potential tax liabilities but also illustrates how Ownwell can assist in reducing property taxes in Punta Gorda. 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 0.83%, lower than both the Florida state median of 0.91% 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 counties in Florida and the national median. For comparison, the 33955 zip code has the highest median property tax rate of 0.83%, while the same zip code also has the lowest median tax rate of 0.83%. Understanding how these cities 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
1.19%
Average Lee County Tax Rate
1.23%
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 |
|---|---|---|---|---|---|
| 33955 | 0.66% | 0.82% | 1.19% | 1.28% | 1.36% |
Source: Ownwell
$1,148
Average Punta Gorda Tax Savings
Save on your property taxes & more with 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 Lee 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. The highest median tax bill in Punta Gorda is $3,667 in the 33955 zip code, while the lowest median tax bill is also $3,667 in the same zip code.
Property Tax Assessment Values Across Punta Gorda, Florida
Source: Ownwell
$28,847
$1,414,301
$2,799,755
Average Punta Gorda Assessed Value
$347,923
Average Lee County Assessed Value
$269,922
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 |
|---|---|---|---|---|---|
| 33955 | $190,924 | $244,861 | $347,923 | $452,810 | $615,985 |
Source: Ownwell
$1,148
Average Punta Gorda Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Punta Gorda, Florida
In Punta Gorda, FL, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is then multiplied by the local tax rate, which varies by jurisdiction. For instance, the median home price in Punta Gorda is $347,923, and property tax bills can range significantly. The tax bill at the 25th percentile is $2,508, while at the 75th percentile, it reaches $4,882, and at the 90th percentile, it can go as high as $6,513. These amounts are influenced by various factors, including property improvements, neighborhood developments, and market conditions. Homeowners in Punta Gorda can benefit from Ownwell’s property tax appeal and exemption services. By analyzing property assessments and market data, Ownwell identifies opportunities to challenge overvaluations, potentially saving homeowners hundreds or even thousands of dollars annually. With expert guidance, homeowners can ensure their property tax bills are fair and accurate, providing peace of mind and financial relief.
Average Punta Gorda Tax Bill
$3,667
Average Lee County Tax Bill
$3,155
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 |
|---|---|---|---|---|---|
| 33955 | $1,775 | $2,508 | $3,667 | $4,882 | $6,513 |
Source: Ownwell
$1,148
Average Punta Gorda Tax Savings
Save on your property taxes & more with Ownwell.
Don't miss the deadline to petition!
Dates | |
|---|---|
| Property Valuation Date | January 1 |
| Appeal Deadline | September 17 |
| Tax Bill | |
| Issued | November 1 |
Links | |
|---|---|
| Lee Property Appraiser | |
| Website | www.leepa.org |
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