Cape Coral Real Estate Property Tax Rates have decreased steadily over the past ten years.
Presently the City of Cape Coral has a total real estate property tax, which includes county, school, and other miscellaneous taxes, that as of today March 24, 2008 average 17.34 per $1,000 of assessed value according to information availabe from the Lee County Property Appraiser.
The specific City of Cape Coral portion for the 2007 tax year was 4.9236 per $1,000 of assessed value. This includes general revenue, debt service, and solid waste taxes.
Property tax rates have decreased a total of 48% from 7.3129 in 1998 to 4.9326 per $1,000 of assessed value in 2007. This is partly to do with the increase in property values over the last ten years also. Annually local governments calculate what is know as the property tax roll back rate. A roll back rate is the millage tax rate a governing body needs to generate the same amount of revenue they did in the previous fiscal year.
The general revenue or general fund portion of the real estate property taxes in the City of Cape Coral for Tax Year 2007 was 4.7698 per $1,000 of assessed value showing a 25% decrease over the past 10 years from 5.9873 in 1998. As values increased the City of Cape Coral did decrease property tax rates.
- In 2007 the City of Cape Coral decreased the millage rate 2.28%
- In 2006 the City of Cape Coral decreased the millage rate 8.20%
- In 2005 the City of Cape Coral decreased the millage rate 4.74%
- In 2004 the City of Cape Coral decreased the millage rate 2.79%
- In 2003 the City of Cape Coral decreased the millage rate 2.12%
- In 2002 the City of Cape Coral decreased the millage rate 0.00%
- In 2001 the City of Cape Coral decreased the millage rate 3.17%
For more information on property taxes in the State of Florida read my other blogs entitled:
Florida Real Estate Property Tax Exemptions Most Favorable in Comparison - a look at how Florida Real Estate Property Taxes compare to other states throughout the nation.
Canadian Florida Property Owners Tax Information - an inquiry on how property taxes affect foreign nationals and citizens of the United States of America who live outside of the State of Florida.
Lee County Property Taxes - an analysis of State of Florida constitutional and legislative changes to real property taxation affecting residents and visitors to Lee County.
As always if you are looking to purchase or sell a home, or you have questions regarding a future transaction, I can be of assistance to you or someone you may wish to refer.
I am able to assist buyers and sellers of properties throughout our market area here in Southwest Florida to include but not limited to Foreclosures, Pre-Foreclosures, Short-Sales, Vacant Land, Waterfront Properties, Single Family, Multi-Family, and Condos.My market areas include Cape Coral, Pine Island, Fort Myers, South Fort Myers, Gateway, Fort Myers Beach, San Carlos Park, Island Park, Lehigh Acres, Estero, and areas surrounding Florida Gulf Coast University (FGCU) and Southwest Florida International Airport (SWFIA).
Please contact me direct at (239) 340-1384 or via e-mail Scott@The-Extreme-Team.com.
Scott Slocum, REALTOR®
Florida Future Realty Inc.
2816 Del Prado Blvd South, Unit 2
Cape Coral FL, 33904
Direct: 239-340-1384
Scott@The-Extreme-Team.com
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"Copyright © 2008 by Scott Slocum. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed without the written consent of the author."
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