Lee County Property Taxes

By
Real Estate Agent with Florida Future Realty, Inc. BK3071625
Lee County, Florida Property Taxes

If you own property in Lee County, Florida you should have received your new trim notice.

If you do you would have noticed a pretty significant decrease in your taxes.

I think the biggest reductions are on vacant land.

FYI, vacant land in Cape Coral maxed out in 2005 about $90-100,000 & decreased in 2006/2007 to about $25,000 for the same lot worth $100,000 then. Mind you, vacant land in Cape Coral had values of $1,000-5,000 from the early 80s up until about 2002 when we watched them steadily increase up to those highs in 2005.

Here's a couple of samples:

 

Vacant lot - Cape Coral

Last year valued at $72,000 Taxes $1,292.43

This year valued at $30,000 Taxes $523.94 proposed or $554.44 with no budget change

True market value TODAY approximately $20,000

Tax savings: $737.99-$768.49 - I find that significant

 

Ok, on to a typical house in Cape Coral

Without SOH (save our homes/homestead exemption)

Value last year $191,890 taxes $3,000.52

This year: $177,080 taxes $2,660.67 proposed or $2,815.40 with no budget change

True market value TODAY approximately $140,000

Tax savings: $185.12-$339.85 - not huge but still a savings

 

By the way, I sat at a closing table with one of my buyers today & we were talking about the taxes in Cape Coral. I told him he should have saved money on his house here in Cape Coral this year & he said "only $300". To me that's something. This is the first time I've ever experienced taxes actually go down here.

 

If you have any questions feel free to contact us:

Cape Coral Real Estate professionals

www.MoveMeToCapeCoral.com

Susan Milner, e-PRO GRI REALTOR®

Sellstate Achievers Realty Network, Inc.

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Anonymous
Herbert Fletcher
Vacant Lot - Cape Coral Last Year valued at $272,000 - Taxes $4882.49 This Year valued at $272,000 - Taxes $4750.40 proposed or $5026.91 with no budget change True Market Value - Approx $120,000 - $140,000 TAX SAVINGS ----- WHERE ?
Aug 25, 2007 07:10 AM #1
Rainmaker
188,448
Susan Milner
Florida Future Realty, Inc. - Cape Coral, FL
Cape Coral Real Estate Broker, FloridaFutureAgents

Herbert, wow, that is interesting. When did you buy the land & how much did you pay for it?

Aug 25, 2007 09:01 AM #2
Rainmaker
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Rick & Ines - Miami Beach Real Estate
Majestic Properties - Miami Beach, FL
Susan - we have a lot in Cape Coral and just received our proposed taxes and was surprised to see them increase from $500 to $800+ - I thought it was a mistake, since I know the land values did not increase last year.  Thanks for this, I will have to look into it further.
Sep 05, 2007 05:37 AM #3
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Rainmaker
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Susan Milner

Cape Coral Real Estate Broker, FloridaFutureAgents
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