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Property Tax Increase Of 15% Could Be Coming To Punta Gorda

PUNTA GORDA —Property taxes could be going up by around 15% in Punta Gorda. This would be the largest increase in almost 10 years.

This Wednesday the City Council will discuss a resolution regarding the increase. If  approved, a second public hearing would be held in  September. The increase if approved would change the millage rate from 3.4337 to 3.95, along with a roll back rate of 3.3203.

 Taxable value would equal to a $1 tax for every $1,000 of property tax.

Those interested can attend Wednesday’s meeting begins at 9 a.m. at Council Chambers, 326 W. Marion Ave. in Punta Gorda, or view online  live on the city’s YouTube page or at: bit.ly/2YiCqnY