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Estimated taxable property valuations up for islands

By Staff | May 29, 2020

Early preliminary property tax valuations for Sanibel and Captiva have increased over 2019.

The Lee County Property Appraiser’s Office released its estimated tax roll values today, which indicate a 0.02 percent increase for the city of Sanibel and a 4.96 increase for Captiva as part of unincorporated Lee County. The early preliminary valuations for the fire districts either rose or fell.

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 $1.17 million – the 0.02 percent – to about $5.28 billion. The assessed value increased 0.12 percent to $5.58 billion, up $6.90 million from 2019; the just value decreased by 1.53 percent to $5.99 billion, down $92.86 million.

The county estimates, which Captiva falls under, reveal an approximate $4.14 billion rise in taxable value – the 4.96 percent – to about $87.67 billion. Assessed value rose 4.87 percent to $104.14 billion, up $4.84 billion; the just value increased 2.94 percent to $119.06 billion, up $3.40 billion.

In addition, early estimates for the Sanibel Fire and Rescue District increased year-over-year, while those for the Captiva Island Fire Control District and the Upper Captiva Fire District decreased.

The Sanibel district rose 0.01 percent to approximately $5.40 billion, up $626,163 from 2019. The Captiva district decreased 1.70 percent to $1.46 billion – a difference of $25,255,545 – while the fire district on Upper Captiva saw a 2.02 percent drop to about $220.81 million, down by $4,550,489.