Panama City Beach is one of only three cities in Florida that operate without a property tax. The city gets its revenue from a 1% sales tax.
Mayor Gayle Oberst says that is how the city's charter is set up and it has worked all these years. "We are actually a conservative city, Oberst says, we always guestimate on the budget that it will be the same, but it has been increasing in double digits this year."
The city estimates ten million dollars to be raised from the sales tax for its general fund.
There are 14 thousand approximate permanent residents on Panama City Beach. The Tourist Development Council, according to Mayor Oberst estimates two million that have second homes, and nine million who vacation here.
The kickoff to the offical tourism season starts in about six weeks on February 24th with college spring break.