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Property appraiser Matt: Lee County taxable value up 4.84% even as market 'just value' falls in some sectors
Summary
Lee County property appraiser Matt told commissioners the July 1 taxable estimate shows a 4.84% increase driven in part by new construction and structures returning to the roll after Hurricane Ian, but he reported declines in 'just value'—notably in older condos—complicating next year’s budget planning.
Property appraiser Matt told the board at a June 3 workshop that Lee County’s July 1 taxable value estimate shows a 4.84% increase but cautioned that the county is seeing declines in 'just value' in several property classes, especially older condominiums.
“Remember, we are here because of the June 1 estimate,” Matt said, explaining the timetable that leads to the July 1 certification used to compute rollback rates and TRIM notices. He emphasized that the Department of Revenue’s report bundles several categories of activity into 'new construction,' a grouping that includes both truly new builds and structures returning to the roll after being zeroed out by storm damage. “We are talking about…
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