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Estimated taxable property valuations up countywide

By Staff | May 30, 2019

Taxable property valuations are up throughout Lee County, according to preliminary estimates released by the Property Appraiser’s Office late Thursday.

Overall taxable valuation is up 5.36 percent countywide with new construction adding nearly $2.19 billion of taxable valuation. Last year new construction added $1.59 billion.

Total taxable valuation for 2019 is estimated at $114.19 billion, up from $109.52 billion in final numbers in 2018.

The city of Cape Coral’s total taxable valuation is projected at a 6.48 percent boost with total taxable valuation estimated at about $15.22 billion, up from approximately $14.3 billion last year. New construction taxable valuation is estimated at $465 million, up from last year’s final of $385 million.

The Property Appraiser’s Office will continue to hone the evaluations with final numbers expected to be out on or before July 1.

Taxing authorities use taxable valuations to set property tax rates.