Estimating Property Taxes when buying real estate in Lee County | SanCapRE.com




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Estimating Property Taxes when buying real estate in Lee County

The information displayed on this page serves as a guideline and is not guaranteed. 

This webpage does not warrant nor certify the tax information displayed; nor is it representative of past, current or future taxes. 

For more information please contact the Lee County Property Appraiser’s office directly at 239-533- 6100.

 

Florida property taxes are relatively unique because:

The basic timing of the property tax system in Florida is as follows:

 

Millage rates (tax rates) vary in Lee County by location and are used to determine property taxes. If you know the address, call me at 239-851-4512 and I will tell you the millage rate currently being used by the Tax Estimator.

Lee County provides a Tax Estimator. The Tax Estimator uses the assessed property value and the tax rate in its most basic calculation which is assessed property value x tax rate.

The Tax estimator assumes the assessed property value to be 90% of the sales price and multiplies that by the tax rate. Most basic example:  Sales price = $100,000. Tax estimator's assumes the assessd value = $100,000 x 90% = $90,000. The tax rate used in this example is $15.3885 per $1000 of assessed value. Estimated taxes are $90,000 x ($15.3885/$1000) = $1,385 

This is only a very rough estimate. There are many other considerations which affect the actual property tax calculation performed annually by the Property Appraiser's office. For example if you qualify for homestead exemption which is $25,000 for each claimant and you and your spouse claim homestead exemption, the calculation could change to ($90,000 - (2x $25,000)) x ($15.3885/$1000) = ($90,000 - $50,000) x  ($15.3885/$1000)  =   $40,000  x  ($15.3885/$1000)  =  $615.54

 

The actual tax rate (millage rate) used to calculate property taxes is set every year by the various taxing authorities in Lee County. Historically, tax rates have fluctuated within a fairly narrow range. The below millage rates were used on April 2, 2018. The actual millage rate may differ based on decisions made by the taxing authorities. 

This table shows you a few selected millage rates on April 2, 2018 in Lee County.    

Location

Millage Rate Per Thousand of Assessed Value

Sanibel Island

$15.1824

SE Cape Coral, SW Cape Coral

$18.9668

NW Cape Coral, NE Cape Coral

$18.9668

Punta Rassa, Mastique, Gulf Harbour, Kelly Greens, Crown Colony, The Landings, Reflection Lakes, Renaissance, Reflection Lakes

$15.3385

Paseo

$20.6294

Pelican Preserve, Marina Bay, The Plantation, Colonial CC, Botanica Lakes

$20.6294

Miromar Lakes Beach and Golf Club

$15.7885

Grandezza, Stoneybrook in Estero, Bella Terra, Wildcat Run, Preserve at Corkscrew, West Bay Club, Pelican Sound, The Brooks

$14.8892**

Corkscrew Shores

$15.0185

Spanish Wells, Waterford, Bonita Lakes, The Colony

$15.1267

Pelican Landing

$14.8892

 

For more information please contact the Lee County Property Appraiser’s office directly at 239-533- 6100.