Marco Island property tax rate 2027: flat 1.2670 mills, 2.9% rise

Marco Island held its property tax rate flat at 1.2670 mills, and because taxable value rose 4.4 percent that still raises about a million dollars more and counts as a 2.9 percent increase under Florida law

Money & World

The Editorial Team · August 14, 2026

Stock photo

Stock photo. Not the actual scene. Photo: Beyzanur K. / Pexels

What it changes

Flat is not the same as unchanged, and this is the clearest local example of why. The council set the tentative rate for next year at 1.2670 mills, exactly the rate it levied this year. But the tax base grew, so the same rate collects more money: 24,357,748 dollars next year against 23,336,162 dollars this year, a rise of about 1.02 million dollars or 4.4 percent. That is the whole mechanism behind the phrase you will see on your TRIM notice in a few weeks. Florida measures a tax increase against the rolled-back rate, which is the rate that would raise the same dollars from the same properties as last year. Here that rate is 1.2319 mills. The proposed 1.2670 sits above it, and the resolution itself states the increase as 2.9 percent. So the council has adopted what the state classifies as a property tax increase while leaving the number on the rate line alone. Whether your own bill rises depends on your assessment, not on the rate. Total taxable value in the city went from 18.42 billion dollars to 19.22 billion, up 4.4 percent, and only 281 million of that 806 million dollar increase is net new construction. The other two thirds is existing property being assessed higher. If you hold homestead, Save Our Homes caps the annual increase in your assessed value, so you will likely land below the citywide average. If you do not hold homestead, which on Marco Island covers a large share of seasonal and second homes, there is no such cap and your assessment can move with the market. Two homes on the same street at the same market value can therefore get very different bills out of an identical millage rate. Read this alongside Tuesday's bond question, because they are separate levies on the same bill. The operating rate of 1.2670 mills is what the council sets each September for day to day spending. The general obligation bond on the August 18 ballot would add a separate debt levy on top, which the city's own figures put at about 0.0974 mills. If both hold, a Marco Island property with a million dollars of assessed value would pay roughly 1,267 dollars in city operating tax plus about 97 dollars of bond debt service. Neither figure includes Collier County, the school district, or any other taxing authority on the same notice. The rate is tentative and it can still come down, but it cannot go up. Under Florida truth in millage procedure the advertised rate is a ceiling that the council may lower before final adoption and may not exceed. The date to put in the diary is on the certified form itself: the first public budget hearing is September 10 at 5.30 p.m. at 51 Bald Eagle Drive. That hearing, not Tuesday's election, is where the operating rate is actually set.

Marco Island has set a tentative property tax rate for next year identical to this year's, and the certified paperwork underneath it shows the city collecting about a million dollars more.

Resolution 26-39, adopted on August 3, determines the tentative millage rate for the 2027 fiscal year at 1.2670 mills for the city's general operations and 1.6000 mills for the Hideaway Special Taxing District. The city's Legistar record shows two votes taken on the millage item that day, one of which failed and one of which passed. The record retrieved carries no motion text for either, so what the failed motion proposed is not established here.

The resolution states the tax base the rate applies to. The 2026 certification of taxable value prepared by the Collier County Property Appraiser puts total adjusted taxable value of real and personal property for operating purposes at 19,224,741,816 dollars.

It also states the increase. Section 2 of the resolution records that the percentage increase in property taxes adopted by the council is 2.9 percent more than the rolled-back rate of 1.2319 mills, computed under Chapter 200.065(1) of the Florida Statutes. The rolled-back rate is the rate that would raise the same revenue from the same properties as the prior year, and under Florida law anything above it is an increase whatever happens to the rate itself.

The certified DR-420 filed with the resolution carries the underlying numbers. Current year gross taxable value for operating purposes is 19,224,741,816 dollars, made up of 19,063,406,212 dollars of real property and 161,335,604 dollars of personal property. Net new taxable value, which covers new construction, additions, annexations and qualifying improvements, is 280,995,242 dollars. Prior year final gross taxable value was 18,418,438,612 dollars. The form was electronically certified by the property appraiser on June 29.

On the taxing authority's side of the same form, the prior year operating millage was 1.2670 and prior year ad valorem proceeds were 23,336,162 dollars. Total taxes to be levied at the proposed rate are given as 24,357,748 dollars.

The difference between those two figures is 1,021,586 dollars, a rise of 4.4 percent. Taxable value rose by 806,303,204 dollars over the same period, also 4.4 percent, of which net new construction accounts for about a third.

The form also reports the aggregate position across the city and its dependent districts. The aggregate rolled-back rate is 1.3126 mills and the proposed aggregate rate is 1.3506, which line 27 of the form gives as a 2.90 percent change. Aggregate proposed operating ad valorem taxes are 25,963,982 dollars against aggregate rolled-back taxes of 25,234,396 dollars.

A rate adopted at this stage is tentative and is a maximum. Under Florida truth in millage procedure the council may adopt a lower rate at its budget hearings but may not adopt a higher one.

The first of those hearings is listed on the certified form itself: September 10 at 5.30 p.m., at 51 Bald Eagle Drive.

Marco Island held its property tax rate flat at 1.2670 mills, and because taxable value rose 4.4 percent that still raises about a million dollars more and counts as a 2.9 percent increase under Florida law

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