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Lee County property appraiser: Fort Myers Beach taxable value up about 3% as repairs return properties to the roll
Summary
Lee County Property Appraiser Matt Caldwell told Fort Myers Beach council members the town's early estimates show a roughly 3% increase in taxable value year over year, driven by properties returning to the tax roll after storm repairs and some new construction.
Matt Caldwell, Lee County property appraiser, gave council members an early look at the office's June 1 topline numbers for the county and Fort Myers Beach. Caldwell said the town's taxable value rose roughly 3% year over year in the preliminary release; the office will publish its final, refined numbers July 1 for budget-making use.
Caldwell said the apparent increase masks a change in market values: objective (just) market value in some areas is down about 2.5%. The reason the taxable line for Fort Myers Beach looks stronger, he said, is that many properties that were previously off the roll or capped because of storm-related damage have been repaired and returned to the tax roll.
"You had about $860 million in the new-construction line," Caldwell told the council, referring to the…
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