Average Tax Assessment in Charlotte County
Real Estate Values and Property Tax Valuation in Charlotte County, Florida
Charlotte County has a total of 101,995 properties with a cumulative value of $22.1B. This accounts for 1.06% of all real estate value in Florida. Property taxes in Charlotte County totaled $352.2M, with an average homeowner paying $3,463 in property taxes, which is slightly lower than the state average of $3,597. The average property tax rate in Charlotte County is 1.60%, which is higher than the state average of 1.34%. Properties are typically valued for tax purposes based on their estimated market value.
In Florida, property values are assessed on January 1st. Property value notices are issued in August and property tax appeal deadlines are typically 25 days from the date of the value notices, which is usually in September. Property tax bills are issued on November 1st.
Updated November 01, 2023
| Important Links | |
|---|---|
| Charlotte Clerk | (802) 425-3071 |
| Charlotte Clerk of Circuit Court (Recorder) | (434) 542-5147 |
| Charlotte Tax Collector | (941) 743-1350 |
| Important Dates | |
|---|---|
| Property Valuation Date: | January 1st |
| Property Value Notices Issued: | August |
| Property Tax Appeal Deadline: | September or 25 days from date of value notices |
| Property Tax Bills Issued: | November 1st |
| Real Property Tax Bill Due (1st of #): | March 31st |
| Available Exemptions | |
|---|---|
| Early Payment Discount | Available |
| Senior | Available |
| Disabled | Available |
| Homestead | Available |
| Veteran | Available |
| Solar/Wind | Available |
| Charitable | Available |
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Real Estate Statistics in Charlotte County
Residential Property Taxes by Cities in Charlotte County
Charlotte County has an average property tax rate of 1.60%, which is slightly lower than the state average of 1.62%. This rate is applied to the assessed value of a property to calculate the amount of taxes due. Property taxes in Charlotte County are collected by the county government and are used to fund public services such as schools, roads, and public safety.
The effective property tax rate in Charlotte County varies across the cities, with Rotonda West having the highest rate of 1.69% and Punta Gorda having the lowest rate of 1.55%. This means that property owners in Rotonda West will pay more in taxes than those in Punta Gorda. However, the average property tax bill in Charlotte County is still relatively low at $3,463. This is lower than the state average of $3,845.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each city in Charlotte County. The tax assessment value may differ from the potential sale value, and is used to calculate the property tax for each piece of real estate.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Boca Grande | $424,320 | $634,568 | $844,954 | $1,698,851 | $1,855,642 |
| Englewood | $81,672 | $114,893 | $167,411 | $239,248 | $344,022 |
| Placida | $181,493 | $244,724 | $337,363 | $487,649 | $774,170 |
| Port Charlotte | $75,718 | $106,518 | $161,905 | $220,822 | $310,068 |
| Punta Gorda | $71,046 | $116,906 | $191,391 | $276,858 | $419,508 |
| Rotonda West | $129,978 | $173,044 | $223,843 | $271,852 | $322,966 |
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each city in Charlotte County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Boca Grande | $8,169 | $9,748 | $14,006 | $26,014 | $32,674 |
| Englewood | $1,215 | $1,759 | $2,612 | $3,965 | $5,834 |
| Placida | $3,078 | $3,922 | $5,804 | $8,655 | $12,659 |
| Port Charlotte | $1,153 | $1,640 | $2,476 | $3,682 | $5,176 |
| Punta Gorda | $1,014 | $1,725 | $2,815 | $4,368 | $6,662 |
| Rotonda West | $2,051 | $2,807 | $3,701 | $4,724 | $5,664 |
Effective Property Tax Rate
The effective property tax rate is calculated by dividing the property tax bill by the assessed value. For the percentiles below, the calculation is performed using the percentiles for property tax bill and assessed value above. Therefore, each consecutive percentile doesn't necessarily show a larger value.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Boca Grande | 1.93% | 1.54% | 1.66% | 1.53% | 1.76% |
| Englewood | 1.49% | 1.53% | 1.56% | 1.66% | 1.70% |
| Placida | 1.70% | 1.60% | 1.72% | 1.77% | 1.64% |
| Port Charlotte | 1.52% | 1.54% | 1.53% | 1.67% | 1.67% |
| Punta Gorda | 1.43% | 1.48% | 1.47% | 1.58% | 1.59% |
| Rotonda West | 1.58% | 1.62% | 1.65% | 1.74% | 1.75% |
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Real Estate Values in Charlotte County
The median home price in Charlotte County, Florida has decreased by 4.84% from October 2022 to October 2023, from $362.0K to $344.5K. This decrease in home prices is accompanied by an increase in home inventory, from 1.6K in October 2022 to 2.8K in October 2023. This suggests that the housing market in Charlotte County is becoming more competitive, with more homes available for buyers to choose from.
Average Home Value in Charlotte County, Florida
Last updated: November 2023
Percent Change in Total Home Sales in Charlotte County
Last updated: November 2023
Percent Change in New Home Listings in Charlotte County
Last updated: November 2023
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Mortgage Rates in Charlotte County
Charlotte County is home to a large number of outstanding home mortgage loans, totaling $8.0 billion. This represents 35.4 thousand loans, which is a significant portion of the total home value in the county. The median mortgage rate in Charlotte County varies across cities, with Englewood having the highest rate at 4.32% and Placida having the lowest rate at 3.99%. This variation in rates can have a significant impact on the affordability of a mortgage loan for potential homebuyers. It is important for potential homebuyers to research the mortgage rates in their area to ensure they are getting the best deal possible.
Outstanding Mortgages
The table below shows the percentile distribution of outstanding loans on residential properties in Charlotte County by city.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Boca Grande | $77,291 | $259,448 | $364,499 | $648,182 | $1,278,325 |
| Englewood | $42,676 | $79,909 | $136,651 | $208,251 | $300,655 |
| Placida | $112,707 | $166,111 | $249,142 | $370,965 | $529,121 |
| Port Charlotte | $44,417 | $79,150 | $132,744 | $195,407 | $280,694 |
| Punta Gorda | $57,221 | $97,894 | $160,704 | $239,078 | $343,709 |
| Rotonda West | $65,513 | $105,569 | $165,282 | $231,996 | $307,441 |
Mortgage Rates
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of mortgage rates in cities across Charlotte County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Boca Grande | 2.80% | 3.38% | 4.19% | 6.10% | 7.26% |
| Englewood | 2.90% | 3.60% | 4.32% | 6.01% | 7.21% |
| Placida | 2.80% | 3.11% | 3.99% | 5.27% | 7.01% |
| Port Charlotte | 2.90% | 3.50% | 4.23% | 5.74% | 7.06% |
| Punta Gorda | 2.90% | 3.45% | 4.10% | 5.63% | 7.00% |
| Rotonda West | 2.90% | 3.40% | 4.03% | 5.11% | 6.60% |
Housing Expenses in Charlotte County, Florida
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