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Estimated taxable property valuations up for islands, fire districts

By Staff | May 31, 2019

Early preliminary property tax valuations for Sanibel and Captiva have increased over 2018.

The Lee County Property Appraiser’s Office released its estimated tax roll values on May 30, which indicate a 0.59 percent increase for the city of Sanibel and a 5.36 increase for Captiva as part of unincorporated Lee County. The early preliminary valuations for the islands’ fire districts also rose.

The official numbers will come out by July 1, then be sent to Tallahassee for state approval.

According to the estimates, Sanibel’s taxable value rose approximately $30.42 million – the 0.59 percent – to about $5.23 billion. The assessed value increased 0.69 percent to $5.52 billion, up $37.59 million from 2018; the just value decreased by 0.87 percent to $6.03 billion, down $53.21 million.

The countywide estimates, which Captiva falls under, reveal an approximate $4.21 billion rise in taxable value – the 5.36 percent – to about $82.68 billion. Assessed value rose 5.32 percent to $98.14 billion, up $4.96 billion; the just value increased 4.26 percent to $114.19 billion, up $4.66 billion.

In addition, early estimates for the Sanibel Fire and Rescue District and Captiva Island Fire Control District, plus Upper Captiva Fire District, have increased year-over-year, according to the information.

The Sanibel district rose 0.02 percent to approximately $5.32 billion, up about $1.26 million from 2018. The Captiva district increased 0.18 percent to $1.48 billion – a $2.56 million difference.

Upper Captiva saw a 3.65 percent hike to about $221.55 million, up about $7.79 million.