What is an Ad Valorem Tax?
An ad valorem tax is based upon the assessed value of property. The term property tax may be used interchangeably with the term ad valorem tax.
Do methods vary from one unit to another when calculating assessments/taxes?
Yes. They can be calculated by front footage, lots, acreage or value. The method used for each unit is defined in the ordinance levying the assessment or tax.
I have never heard of a MSBU. How are these services funded in other states?
In most other states and counties these services are part of the normal annual property tax rate and are not identified as a separate tax.
Can the money I pay be spent in other areas of the county?
No. All monies collected within a specific MSBU must be spent within that MSBU. Monies cannot be transferred or spent in a different area within the county, although it is possible for two MSBUs to jointly fund a project where both receive a benefit.
What department manages the MSBUs?
Waterway, Stormwater, and Street & Drainage MSBUs are managed by the Public Works Department.
What is the purpose of MSBUs
Street & Drainage is responsible for all aspects of road and drainage maintenance. This includes paving, street signs, grading, pipes, catch basins and right-of-way mowing in front of vacant lots. This may also include community signs, and median beautification. Waterway is responsible for channel markers, dredging, vegetation control and mangrove trimming. Stormwater maintains all major stormwater control devices.
Why were MSBUs initiated?
In the early 1980s General Development Corporation platted thousands of lots and then went bankrupt. This left the County responsible for maintaining all of the roads. The road conditions varied greatly. Some areas were in much better condition than others. Each area was put into their own MSBU based on the condition of that area’s roads. This system evenely distributed cost among developed and undeveloped property owners.
What is the benefit of an MSBU?
The costs for services, within a specific area, are fairly assessed on each property within the benefit unit. Benefits are calculated for the entire unit.
How are MSBUs managed?
MSBUs are managed by Public Works, along with input from Advisory Committees to deliver quality services to the citizens of Charlotte County.
How do I become a member oa an Advisory Committee?
Volunteers are always appreciated. If you or someone you know is interested in becoming a member of an Advisory Committee, contact Public Works at (941) 575-3600.
When are meetings held?
Committee meetings are generally held every quarter and more often if needed during special projects.
How do I find out about meeting dates and times?
To view meeting dates and times, go to the county website: www.CharlotteCountyFL.com or call (941) 575-3600.