Property values in Lee County are up 4.2%

June 11, 2019 1:36 pm

Property values in Lee County are up 4.2% in 2018.

Cape Coral has the highest taxable value increase at 6.48%, according to estimates from Lee County Property Appraiser, Ken Wilkinson.

Real estate in Lee County is now worth $114.2 billion, the figures show. The estimated values include Lee County and its six incorporated municipalities.

Property taxes are based on the $82.6 billion in taxable property. However, some real estate is exempt. The value of that taxable property is projected to be 5.26% higher than last year.

In Fort Myers, total taxable property value estimates grew 6.1% over the last year to $7 billion. Only Cape Coral and Bonita Springs showed a higher property value growth rate.