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Cape Coral staff warns dozens of Florida property‑tax proposals could cut local revenue by tens of millions
Summary
Assistant City Manager Mark Mason told Cape Coral council dozens of 2026 Florida proposals could reduce non‑school ad valorem revenue and sharply shrink funds for parks, transportation and administration; the city estimates a full elimination of non‑school property taxes would cost roughly $62.3 million locally.
Assistant City Manager Mark Mason told the Cape Coral Committee of the Whole on Jan. 14 that a broad set of bills and joint resolutions filed in the 2026 Florida Legislature could materially reduce the city’s property‑tax base and require the city to replace revenue or cut services.
Mason said the city’s 2026 tax roll shows 61,599 homesteaded properties — about 44.4% of parcels — representing roughly $12.6 billion of the city’s approximately $31 billion taxable value. “At the current millage rate of 5.1471, homesteader property tax revenue makes up $62,300,000 or 39.44% of the budgeted ad valorem revenue in fiscal year 2026,” Mason said.
He laid out several legislative scenarios, from modest changes to large exemptions. Mason identified House Joint Resolution 201…
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