Property tax

From Pensapedia, the Pensacola encyclopedia
Jump to: navigation, search

Property taxes are the primary source of funding for local governments in Florida, as revenue from the base sales tax mostly funds state government. Property taxes are ad valorem, meaning they are collected based on the value of the property, as assessed by each county's property appraiser. The amount taxed is determined by the millage rate levied by the various taxing authorities of the property's location. There are also special assessments, called municipal service benefit units (MSBU), authorized by county commissioners to fund special projects. These are often limited to specific communities or neighborhoods.

The amount owed by property owners is calculated by multiplying the assessed property value (less any deductions, like a Homestead exemption) by the sum millage rate of all taxing authorities. "Mills" are expressed as 1/1000th of a dollar, so a $100,000 property subject to 13 mills would pay $1,300 annually ($100,000 × 0.013).

Escambia County millage rates[edit]

Property taxes in Escambia County are paid to the Escambia County Tax Collector based on values assessed by the Escambia County Property Appraiser.

Taxing authority Millage rate[1]
Escambia County 8.756
Escambia County School Board 7.894
City of Pensacola 4.598
Town of Century 0.764
Downtown Improvement Board 2.000
Emerald Coast Utilities Authority 0.050
Escambia County Sheriff's Office MSBU 0.747

Santa Rosa County millage rates[edit]

Property taxes in Santa Rosa County are paid to the Santa Rosa County Tax Collector based on values assessed by the Santa Rosa County Property Appraiser.

Taxing authority Millage rate[2]
Santa Rosa County 6.6175
Santa Rosa County School Board 7.2070
City of Gulf Breeze 1.6283
City of Milton 2.7500
Town of Jay 2.0000
Avalon-Mulat Fire Department 0.8000
Midway Fire Department 1.4000
Northwest Florida Water Management District 0.0500

References[edit]