Estimated taxable property valuations up for islands
Early preliminary property tax valuations for Sanibel and Captiva have increased over 2020.
The Lee County Property Appraiser’s Office released its estimated tax roll values on June 3, which indicate a 2.57 percent increase for the city of Sanibel and a 6.30 percent increase for Captiva as part of unincorporated Lee County. Early estimated valuations for the fire districts on the islands 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 $139 million — the 2.57 percent — to about $5.55 billion. Assessed value increased 2.69 percent to about $5.88 billion, up $154 million from 2020; just value increased by 3.38 percent to about $6.39 billion, up $209 million.
Also for Sanibel, taxable new construction dropped from approximately $20.97 million to $12.15 million, and the just new construction decreased from about $21.03 million to $15.44 million.
The county estimates, which Captiva falls under, reveal an approximate $5.63 billion rise in taxable value — the 6.30 percent — to about $94.93 billion. Assessed value rose 6.04 percent to about $112.41 billion, up $6.40 billion; the just value increased 7.50 percent to about $131 billion, up $9.14 billion.
Also for the county, the taxable new construction rose from approximately $1.91 billion to $2.14 billion, while the just new construction increased from about $2 billion to $2.26 billion. Also for Lee, the taxable school value grew approximately $6.49 billion to $103.04 billion — up 6.72 percent.
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 increased 2.49 percent to approximately $5.67 billion, up about $138 million from 2020. The Captiva district saw a 1 percent growth to about $1.52 billion — a $15 million difference.
Upper Captiva experienced a 4.23 percent hike to about $238.24 million, up about $10 million.
To reach TIFFANY REPECKI / trepecki@breezenewspapers.com, please email