Tax Information

This is just a brief description of Florida and Charlotte County taxes.  For more information about Florida taxes go to  http://dor.myflorida.com/dor/taxes/      For more information about Charlotte County taxes go to http://www.cctaxcol.com/

I. Real Estate Taxes

Ad Valorem Real Estate Taxes are based on the value of real property, and are paid in arrears. The tax year runs from January 1st to December 31st. The office of the Property Appraiser establishes the value of the property and the Board of County Commissioners, School Board, City Commissioners and other levying bodies set the millage rates. One mill equals $1.00 per $1,000.00 of property value.

Using these values and allowing for exemptions, the tax roll is completed by the Property Appraiser and approved by the Department of Revenue. The tax roll is then certified by the Property Appraiser to the Tax Collector who mails the tax notice/receipt to the owner's last address of record as it appears on the tax roll. (Note: The owner of record is the owner as of January 1st of the tax year.) It is the responsibility of each taxpayer to see that the taxes are paid and that a tax bill is received. F. S. 197.122 (1995) In cases where the property owner pays their Real Estate Taxes through an escrow account, the mortgage company should request and be sent the tax bill, and the owner will receive an Informational Notice.

II. Discount Periods

Tax statements are mailed on or about November 1st of each year, with the following discounts in effect for early payment: A 4% discount is allowed for the first 30 days after the original mailing date. Thereafter, a 3% discount is allowed in December, a 2% discount in January, a 1% discount in February, and there is no discount allowed in March. Taxes become delinquent April 1st, at which time 3% interest plus advertising costs are added to the gross amount of the tax. (See section on Delinquent Property Taxes).

Millage ≠ Taxes

2008 millage rates by district   (used for your 2009 tax bill)

Millage and Taxes are related, but they are not the same

Millage can also be known as a mill and it is 1/10 of a cent.

The Millage Rate is the amount per $1,000 that is used to calculate taxes on property.

Taxes are charges, imposed by an authority on persons or property for public purposes.

Therefore, millage and taxes are related, but they are not the same. It is the Millage Rate, expressed through a mill, that is multiplied against a taxable value (the value of your home, for instance) that becomes a tax. The Millage Rate determines the amount to charge against something of value.

It is the job of the Property Appraiser (one of the elected constitutional officers) to appraise the value of the property and then certify the value of the property in the County.

After exemptions are applied (such as the Homestead Exemption) that appraised value becomes the taxable value.

The taxing authorities then determine how many mills they need to charge the combined taxable value in order to receive the amount of revenue they think they need for the next fiscal year. (Taxable value x mills)/1000 = $$ in revenue

Taxing authorities are units of government that determine the rate to collect monies (tax) and levy taxes for the public good.

These types of taxes are known as Ad Valorem taxes: taxes based on the value of property.

DOC Stamps

Documentary stamp tax is levied on documents as provided under Chapter 201, Florida Statutes.
Documents subject to the tax include:

  • Deeds
  • Bonds
  • Notes and written obligations to pay money
  • Mortgages, liens, and other evidences of indebtedness

Deeds

The tax rate for documents that transfer an interest in real property is $.70 per $100 (or portion thereof) of the total consideration paid, or to be paid, for the transfer. An exception is Miami-Dade County, where the rate is $.60 per $100 (or portion thereof) when the property is a single-family residence. If the Miami-Dade property is anything other than a single-family residence, the tax rate is $.60 plus $.45 surtax per $100 (or portion thereof).

Bonds

Documentary stamp tax is due upon the original issuance of bonds in Florida. The tax rate is $.35 per $100 (or portion thereof) based upon the face value of the bond.

Notes and Other Written Obligations to Pay Money

The tax rate on a written obligation to pay money is $.35 for each $100 (or portion thereof) of the obligation evidenced by the document. Tax is due on a document that contains a promise to pay a specific amount of money and is signed, executed, or delivered in Florida. The maximum amount of documentary stamp tax due on unsecured notes or other written obligations to pay money is $2,450.

Examples include:
  • Demand notes
  • Term notes
  • Retail installment sale contracts
  • Certain renewal notes
  • Title loans

Mortgages, Liens, and Other Evidences of Indebtedness

Documentary stamp tax is due on a mortgage, lien, or other evidence of indebtedness filed or recorded in Florida. The tax rate is $.35 per $100 (or portion thereof) and is based on the amount of the indebtedness or obligation secured, even if the indebtedness is contingent. When a mortgage, lien, or other evidence of indebtedness is given to secure a previously unsecured indebtedness or obligation upon which the maximum tax of $2,450 was paid, tax is due on the full amount of the indebtedness or obligation secured, minus the $2,450 already paid.



Punta Gorda Isles is a waterfront community with boating access to Charlotte Harbor. Punta Gorda Isles began in 1958. "PGI"  features concrete seawalls, central water and sewer and strong, but reasonable deed restrictions. There are 65 miles of wide, saltwater canals (minimum width of 100 feet), with access times to the harbor ranging from seconds to 55 minutes. All waterfront properties are in the Canal Maintenance Program, which is run by the City of Punta Gorda. It maintains the seawalls and also keeps the canals dredged for continuous good boating access.  You can travel the entire coast of Florida and not find a better value in waterfront properties than in Punta Gorda Isles.

The History of Punta Gorda Isles*

"How It all Started" by Bud Cole

  For myself, Punta Gorda Isles is not a thing but an experience, the bare beginning of which, I suppose, stretches back to a day in the summer of 1950.  It was hot and I was flying as a passenger in a "goony bird" that was just setting down on a little island in sight of the China coast.  We taxied to a stop on the dirt runway and I alighted to be greeted by a cloud of red dust.  The center of this red tornado, it soon appeared, was occupied by an extremely disreputable jeep driven by an even more disreputable mustached Chinese pirate.  I piled into the jeep and discovered on the ride to our quarters that under the layers of grime, behind the wild eyes, and past the inscrutable countenance an ugly American was lurking, whose name, it turned out, was Al Johns.

   Al and I assisted the government in various unlikely projects for three years or so, before returning to the States.  A few months after my arrival in the Far East, Sam Burchers appeared on the scene and the three of us became close friends.

  The mid '50's found Bob Barbee, a schoolmate and friend of Al's, Al and myself in Fort Lauderdale learning to be "land development businessmen" from, perhaps, the most successful developer of prime waterfront property in the country, James Stone Hunt of Coral Ridge Properties, Fort Lauderdale.  We experimented with this newly-won knowledge on a small subdivision in Fort Lauderdale and then a larger one in North Miami Beach.

   By 1957 we were involved in waterfront development of 300 lots on Biscayne Bay in Coral Gables.  Sam Burchers had come back from directing a motion picture in Mexico and joined us.  We were four happy bachelors in a big city when, at a conference with James Buchanan - then Board Chairman of General Development Corporation - the plans for Port Charlotte were unrolled.  This was the first mention of the City of Punta Gorda.  I had never heard of it, while Al risked the statement that it meant something "big" in Spanish.

  What with big things brewing on the West Coast of Florida,  Bob and Al took a sightseeing trip by plane and promptly fell in love with the Punta Gorda "point".  The idea of the second-largest harbor on the entire Gulf of Mexico, a county with more shoreline than any other in the State, a 100-square-mile public hunting preserve, and, of course, the clincher - an unrivaled ideal location, protected, secluded, and yet immediately available to the outside world, was awful strong medicine.

  Bud was dragged over by car and shown the view of the point from the bridge.  He was told that "you can't exactly get there from here, but it sure is pretty and we better buy it".  Bud and Sam agreed and with considerable help and understanding from the owners, Gerald Moody (Greenfuel Gas Co., Fort Myers) and George Sanders (owner of Edison Mall), title of the first 550 acres passed to Punta Gorda Isles, Inc. on the last day of the year, 1957.

   One local wag, when he heard that the mangrove swamp, with its millions of fiddler crabs, was to become a beautiful subdivision with canals throughout, made a sage observation..."they must be out of their cotton-pickin' heads".  Several others thought so, as well.  Fortunately W>T>Price, of Price Dredging Corporation, and also President of Coconut Grove Bank, had faith that the young corporation could make the subdivision go and he backed up his belief with credit in the form of earthmoving and road building.

 

    Part II 

   At about this point, an unmistakable Italian gentleman came chugging down the pike in a 1034 Plymouth automobile minus two hubcaps, fresh from the big cold city,  looking for sunshine and clean air.  John Matares had no previous experience in anything related to the land development business.  He knew what he wanted and was not afraid of hard work.  He stated from the first day he would have a house, boat and family in Punta Gorda Isles one day and,  though it seemed unlikely at the time,  John made it happen and contributed to the success of the venture in so doing.

   The first four homes were constructed on the west shore of what is now the basin behind the office.  These were Scholtz package homes.  A temporary sales office (which is now the maintenance building located on another site) served as company headquarters.  In early '58, an office had been built on U>S> 41 on Charlotte Harbor, on the north side of the bridge.  Prospective buyers were taken by boat to view, from the water, the future Punta Gorda Isles.  The building was soon sold, however, and is now occupied by the Sea Horse Marina.

   The first three homes to be occupied in Punta Gorda Isles were the Wilder house (the small home adjacent to the tennis courts), the Ettenger home and the Cole residence on Donna Court.

  About the time we started making the first sales,  we needed some professional management for our finances and record-keeping.  Russ Faber, C.P.A., who was in business in Coral Gables,  supplied this commodity.  A couple of years later Russ,  tired of running back and forth, was induced to take up residence here permanently.

   Meanwhile, back in the subdivision, a few more neighbors moved in.  Sam, Bob and Al took up residence in the model homes and on September 17, 1960, the first Isles baby, John Cole, put in his appearance.

  John was followed, not long afterward, by Kevin Johns, Sammy Burchers and others.

  Sales were slow those first two years, but by the early 60's, the basic "pioneering" was over and the future course set.

   The detailing of our basic group would not be complete without our attorneys, the Farrs - Drayton Farr, Jr. doing most of our work and without him, certainly, our company would have taken another form.  His knowledge of the local conditions, attitudes, etc. as well as his legal counsel contributed heavily to our success.

   Don Witter's interest and the backing of First Federal made possible our minor housing boom when out of town financial institutions wrinkled their noses.  As a matter of fact, the understanding of the local people in public life and out made the project feasible.

   When I think back on those early days,  certain scenes seem to characterize the times.  There was, of course, no B & B Shopping Center, much less the Punta Gorda Mall and the two motels.  The old Charlotte Harbor Hotel,  constructed in 1885 occupied most of what is now the Punta Gorda Mall Shopping Center and the monstrous pool was located near the Howard Johnson site,  The hotel burned to the ground one night in 1959.

   The Punta Gorda Federal Savings and Loan (now the First Federal Savings and Loan)  did business in one small office in the "Mall" in the King Building on East Marion Avenue.  They had one safe, about the size of a file cabinet.  The Post Office occupied the end of that "Mall".  The First National Bank was located on the southwest corner of U.S. 41 and Marion Avenue and what little business activity there was resided on West Marion.  A great number of the stores, however, were boarded up, had broken glass and cobwebs.  There were but two restaurants in the area, neither of which had air conditioning.

   The hospital was a barracks building and the road to the Isles was unpaved.  The Isles telephone had seven other parties on it.

                                                                  Wonderful Memories,

                                                                    Bud Cole

* From the 13th edition of the Charlotte County Newsletter. Re/Max Southwest Realty