Port Charlotte, Florida Property Taxes
The median property tax rate in Port Charlotte, FL, is 1.34%, which is higher than both the national median of 0.99% and the Florida state median of 1.14%. With the median home value in Port Charlotte at $220,831, the typical annual property tax bill is $2,713, slightly above the national median of $2,690. Property taxes in Port Charlotte are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as the primary residence and agricultural exemptions. Understanding Port Charlotte'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 Port Charlotte 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
Port Charlotte, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.34%
Estimate Property Tax Bill
$2,959
$2,798
Ownwell’s Port Charlotte Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Port Charlotte with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Port Charlotte to provide an estimate of 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 Port Charlotte, Florida
Property taxes in Port Charlotte, Florida, are crucial in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Port Charlotte is 1.34%, higher than both the Florida state median and the U.S. national median of 0.99%. Local government entities within Port Charlotte set these rates annually, and they can vary significantly across different neighborhoods. Each year, Port Charlotte 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 Port Charlotte's effective property tax rate to other counties in Florida and the national median. For comparison, the 33983 zip code has the highest median property tax rate of 4.28%, while the 33954 zip code has the lowest median tax rate of 1.15%. Understanding how these cities compare with Port Charlotte 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 Port Charlotte Tax Rate
1.34%
Average Charlotte County Tax Rate
1.42%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Port Charlotte, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33948 | 0.63% | 0.86% | 1.34% | 1.80% | 2.16% |
| 33952 | 0.63% | 0.87% | 1.42% | 1.84% | 2.08% |
| 33953 | 0.78% | 1.10% | 1.59% | 2.02% | 2.58% |
| 33954 | 0.65% | 0.82% | 1.15% | 1.66% | 1.87% |
| 33980 | 0.86% | 1.08% | 1.49% | 2.18% | 2.37% |
| 33981 | 0.75% | 0.98% | 1.30% | 1.71% | 2.01% |
| 33983 | 4.28% | 4.28% | 4.28% | 4.28% | 4.28% |
Source: Ownwell
Property Tax Assessment Values Across Port Charlotte, Florida
In Port Charlotte, 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 Port Charlotte, 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 Port Charlotte helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest median tax bill in the area is $3,745 in the 33953 zip code, while the lowest is $1,353 in the 33980 zip code.
Property Tax Assessment Values Across Port Charlotte, Florida
Source: Ownwell
$32,300
$575,877
$1,119,453
Average Port Charlotte Assessed Value
$220,831
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 Port Charlotte, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33948 | $119,765 | $166,475 | $222,856 | $298,237 | $405,697 |
| 33952 | $95,518 | $119,874 | $177,609 | $244,997 | $331,274 |
| 33953 | $50,642 | $163,236 | $265,873 | $349,418 | $465,764 |
| 33954 | $142,776 | $195,327 | $245,651 | $297,019 | $359,535 |
| 33980 | $53,962 | $65,117 | $85,524 | $104,906 | $129,732 |
| 33981 | $118,273 | $186,737 | $275,336 | $410,794 | $548,673 |
| 33983 | $32,300 | $32,300 | $32,300 | $32,300 | $32,300 |
Source: Ownwell
Property Tax Bills Across Port Charlotte, Florida
In Port Charlotte, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the Charlotte County Property Appraiser's office and reflects the market value of the property. The local tax rate is then applied to this assessed value to determine the annual tax bill. Several factors influence the final tax bill, including the property's location, size, and condition, as well as any exemptions for which the homeowner may qualify. For example, homes in ZIP code 33953 have the highest median tax bill at $3,745, while those in ZIP code 33980 have the lowest at $1,353. Homeowners in Port Charlotte face a range of tax bills, with the 25th percentile at $1,746 and the 75th percentile at $4,119. The 90th percentile reaches up to $5,774, significantly impacting household budgets. Compared to the national median property tax rate of 0.99%, Port Charlotte's rates can vary widely, affecting affordability and financial planning for residents.
Average Port Charlotte Tax Bill
$2,713
Average Charlotte County Tax Bill
$3,041
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Port Charlotte, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33948 | $1,191 | $1,851 | $2,878 | $4,129 | $5,369 |
| 33952 | $1,046 | $1,494 | $2,172 | $3,237 | $4,476 |
| 33953 | $1,287 | $2,240 | $3,745 | $5,505 | $7,075 |
| 33954 | $1,205 | $1,867 | $2,754 | $3,820 | $4,865 |
| 33980 | $595 | $884 | $1,353 | $1,595 | $1,859 |
| 33981 | $1,260 | $2,119 | $3,517 | $5,220 | $7,290 |
| 33983 | $1,381 | $1,381 | $1,381 | $1,381 | $1,381 |
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 |