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Lee County appraiser tells Cape Coral council just value fell ~2–3%; taxable value largely flat due to homestead caps
Summary
Lee County’s property appraiser briefed Cape Coral council on March 25 that citywide just value shows a modest 2–3% decline year-over-year, while taxable value is effectively flat because homestead assessment caps and prior 'banked' assessment savings continue to dampen changes; staff said early estimates will be released June 1 and final values on July 1.
Lee County’s property appraiser addressed the Cape Coral City Council on March 25, laying out the appraisal timeline and what the early numbers mean for the city’s upcoming budget.
The appraiser, invited by Mayor Gunter, reviewed the county’s valuation calendar — January 1 is the official date of value, an early estimate is released June 1 and the official county estimate appears July 1, followed by TRIM notices in August. “The tax roll … is based upon January 1,” the appraiser said, noting there can be a lag between market conditions and the tax roll residents see on their tax bill.
On the topline numbers, the…
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