City of Freeport
Budget & Taxes
This year’s budget
Budget, 2026–27
$114.2M
Up compared with 2025–26: 19.7%
Tax rate, 2026–27
4.7302 mills
No change compared with 2025–26: 0.0%
Last year's budget was $95.4M.
The rolled-back rate
Florida law makes every taxing body announce its rolled-back rate: the rate that would raise the same property tax as last year from the same properties. This year it is 4.5834 mills.
A rate above it raises more tax than last year even when the rate itself does not change, because property values rose. New construction is left out of the comparison.
Approved Sep 15, 2026, 5–0 Adopted budget
Next budget hearing
Next budget hearing
None on a posted agenda. Budget hearings are held each September.
What it means for a home
About this estimate
It is an estimate for a home bought at the median sale price, in its first year, when its taxable value starts at what was paid. After that, Florida's Save Our Homes cap limits how fast a homestead's assessed value can rise (3% a year), so a long-held home usually pays less.
A homestead exemption takes $25,000 off every levy and a further $25,000 off the non-school levies. Other exemptions (seniors, veterans, disability) take off more.
Walton County's rate is the one set in 2025 (for 2025–26) and School District's rate is the one set in 2025 (for 2025–26): the newest the state has published.
It leaves out special districts (fire, mosquito control, the water management district) and non-ad valorem assessments such as garbage, so a real bill is higher. Your actual bill comes from the Tax Collector.
About $1,590 a year to Freeport, for a home at the median sale price of $386K (Jun 2025–May 2026) with a homestead exemption.
- Freeport · 4.7302 mills
- $1,590
- Walton County · 3.519 mills
- $1,180
- School District · 4.261 mills
- $1,540
- These 3 together
- $4,310
The same home at last year's rates
Down compared with the period before: 0.9%
Estimate, not a bill. Without a homestead exemption: about $4,830.
Where the money came from and went
Where these figures come from
These are ACTUAL amounts, not the budget: what Freeport reported to the state in its Annual Financial Report for fiscal year 2023–24 (October 2023 to September 2024), as compiled by the Legislature's Office of Economic and Demographic Research.
They cover the general government funds and the water, sewer and garbage utilities. Transfers between funds and borrowing are left out, so the same dollar is not counted twice. Building a water or sewer plant counts as an asset, not spending, so a year of heavy utility construction can show more money in than out.
Actual amounts, fiscal year 2023–24, as reported to the state. The $114.2M budget is larger because it counts every fund, reserves carried forward and transfers between funds.
Came in: $26.7M
Most of it came from state and federal money (41%), charges for services (34%) and property taxes (18%).
- State and federal money41%
$11.1M
Grants and the state's shared revenues
- Charges for services34%
$9.0M
Water, sewer and garbage bills, and other services sold
- Property taxes18%
$4.9M
The tax on homes, land and businesses, at the rate the board sets each September
- Permits, fees and assessments4%
$937K
Building permits, franchise fees, special assessments
- Interest and other income3%
$782K
Interest earned, rents, donations and sales of property
- Sales, fuel and tourist taxes<1%
$59K
Local sales surtax, fuel taxes, the tourist development (bed) tax, communications tax
- Fines<1%
$10K
Court and code fines
Went out: $14.2M
The most went to water, sewer and garbage (62%), running the government (29%) and parks and recreation (9%).
- Water, sewer and garbage62%
$8.7M
Water and sewer systems, garbage, conservation
- Running the government29%
$4.1M
Administration, finance, planning, legal, elections, buildings
- Parks and recreation9%
$1.2M
Parks, libraries, recreation programs
- Roads and transportation1%
$151K
Roads, streets and their upkeep
More came in than went out. The difference went into reserves, or into utility plants, which these reports count as assets rather than spending.
This year's budget votes
- Approval of Tentative Millage Rate
Sep 15, 2026 · 4.7302 mills
Passed 5–0 · unanimous - Acceptance of 2026-2027 Budget
Sep 15, 2026 · $114.2M
Passed 5–0 · unanimous - Tentative Millage Rate for 2026–2027
Sep 9, 2026 · 4.7302 mills
Passed 5–0 · unanimous - Tentative Budget for 2026–2027
Sep 9, 2026 · $114.2M
Passed 5–0 · unanimous
Over the years
Spending
Actual, fiscal years 2007–08 to 2023–24
Every year
| 2023–24 | $14.2M |
|---|---|
| 2022–23 | $11.8M |
| 2021–22 | $10.0M |
| 2020–21 | $8.2M |
| 2019–20 | $8.5M |
| 2018–19 | $7.2M |
| 2017–18 | $5.9M |
| 2016–17 | $6.5M |
| 2015–16 | $4.7M |
| 2014–15 | $4.7M |
| 2013–14 | $4.7M |
| 2012–13 | $4.8M |
| 2011–12 | $5.1M |
| 2010–11 | $4.8M |
| 2009–10 | $4.9M |
| 2008–09 | $5.7M |
| 2007–08 | $7.3M |
Property tax rate
Mills, set each September from 1995 to 2025
Every year
| 2025 | 4.7302 |
|---|---|
| 2024 | 4.7302 |
| 2023 | 4.7302 |
| 2022 | 4.7302 |
| 2021 | 4.7302 |
| 2020 | 4.7302 |
| 2019 | 4.7302 |
| 2018 | 4.7302 |
| 2017 | 4.7302 |
| 2016 | 4.7302 |
| 2015 | 4.7302 |
| 2014 | 4.7302 |
| 2013 | 4.7302 |
| 2012 | 4.7302 |
| 2011 | 4.7302 |
| 2010 | 3.93 |
| 2009 | 3.93 |
| 2008 | 3.93 |
| 2007 | 3.93 |
| 2006 | 3.93 |
| 2005 | 3.93 |
| 2004 | 3.93 |
| 2003 | 3.93 |
| 2002 | 3.93 |
| 2001 | 3.93 |
| 2000 | 3.93 |
| 1999 | 3.93 |
| 1998 | 3.93 |
| 1997 | 3.93 |
| 1996 | 3.93 |
| 1995 | 3.93 |
Taxable value
All property the rate applies to, rolls of 1995 to 2025
Every year
| 2025 | $1.57B |
|---|---|
| 2024 | $1.30B |
| 2023 | $1.07B |
| 2022 | $795.2M |
| 2021 | $597.6M |
| 2020 | $451.3M |
| 2019 | $369.4M |
| 2018 | $307.9M |
| 2017 | $257.3M |
| 2016 | $214.1M |
| 2015 | $198.7M |
| 2014 | $182.0M |
| 2013 | $168.4M |
| 2012 | $164.5M |
| 2011 | $165.0M |
| 2010 | $197.4M |
| 2009 | $229.9M |
| 2008 | $216.5M |
| 2007 | $206.1M |
| 2006 | $118.6M |
| 2005 | $63.1M |
| 2004 | $47.1M |
| 2003 | $37.2M |
| 2002 | $35.0M |
| 2001 | $29.9M |
| 2000 | $26.5M |
| 1999 | $21.6M |
| 1998 | $20.7M |
| 1997 | $17.0M |
| 1996 | $15.9M |
| 1995 | $14.8M |
Property tax levied
Rolls of 1995 to 2025
Every year
| 2025 | $7.4M |
|---|---|
| 2024 | $6.1M |
| 2023 | $5.1M |
| 2022 | $3.8M |
| 2021 | $2.8M |
| 2020 | $2.1M |
| 2019 | $1.7M |
| 2018 | $1.5M |
| 2017 | $1.2M |
| 2016 | $1.0M |
| 2015 | $940K |
| 2014 | $861K |
| 2013 | $797K |
| 2012 | $778K |
| 2011 | $781K |
| 2010 | $776K |
| 2009 | $904K |
| 2008 | $851K |
| 2007 | $810K |
| 2006 | $466K |
| 2005 | $248K |
| 2004 | $185K |
| 2003 | $146K |
| 2002 | $138K |
| 2001 | $118K |
| 2000 | $104K |
| 1999 | $85K |
| 1998 | $82K |
| 1997 | $67K |
| 1996 | $63K |
| 1995 | $58K |
Spending by category
Actual, 2023–24 compared with 2018–19
Water, sewer and garbage
$8.7M in 2023–24, $4.4M in 2018–19
Up compared with the period before: 98.2%
Running the government
$4.1M in 2023–24, $1.3M in 2018–19
Up compared with the period before: 220.8%
Parks and recreation
$1.2M in 2023–24, $993K in 2018–19
Up compared with the period before: 23.1%
Roads and transportation
$151K in 2023–24, $339K in 2018–19
Down compared with the period before: 55.5%
Earlier budget votes
- Adopt Millage Rate of 4.7302 Mills
Sep 15, 2025 · 4.7302 mills
Passed 5–0 · unanimous - Adopt 2025/2026 Budget
Sep 15, 2025 · $95.4M
Passed 5–0 · unanimous - Approve tentative millage rate of 4.7302 mills
Sep 4, 2025 · 4.7302 mills
Passed 4–0 · unanimous - Accept tentative 2025-2026 budget of $95,429,130
Sep 4, 2025 · $95.4M
Passed 4–0 · unanimous - Tentative Millage Rate
Jul 24, 2025 · 4.7302 mills
Passed 4–0 · unanimous
Budget documents
Freeport's own adopted budgets, on its website
- Fiscal year 2026–27 budget
- Fiscal year 2025–26 budget
- Fiscal year 2024–25 budget
- Fiscal year 2023–24 budget
- Fiscal year 2022–23 budget
- Fiscal year 2021–22 budget
3 earlier budgets
From Freeport's budget page.
About this data
This year's budget and rate come from the meeting record: the budget hearings' agendas and minutes, summarized by AI. Each figure links to its meeting, and the meeting to the official documents.
Revenues and spending are the actual amounts each government reports to the Florida Department of Financial Services in its Annual Financial Report, as compiled by the Legislature's Office of Economic and Demographic Research (files updated Aug 11, 2026). Reports are due nine months after a fiscal year ends, so the newest year can be a year or more behind.
Tax rates and taxable values are from the same office's Ad Valorem Tax Profiles, built from the Department of Revenue's tax rolls (updated Jan 30, 2026).
Amounts are in the dollars of each year, not adjusted for inflation.
State figures as published · budget decisions summarized by AI from the meeting record · built Oct 1, 2026 · Independent, not an official city site · Source · Privacy · Terms