Tax roll values ​​on Sanibel rise | News, Sports, Jobs – SANIBEL-CAPTIVA

The provisional property tax rates for both islands have increased compared to previous estimates.

The Lee County Property Assessor’s Office released its preliminary 2024 tax roll values ​​on July 1, which now show a 1% increase for the Town of Sanibel and 12.80% for Captiva — as part of unincorporated Lee County. Assessments for both islands’ fire districts have also increased this time around.

Matt Caldwell, the county’s property appraiser, attributed the upward trend to recaptured properties that will continue to be added to the tax rolls after Hurricane Ian hits the country in September 2022.

“If it was so damaged that it could no longer be used, it was struck off the last year’s tax register,” he said of a property damaged by a storm, adding that it would be restored after repairs. “It’s a sign of how significant the recovery is. Your eyes are not deceiving you. We are currently well on the road to recovery.”

According to the new assessments, the city’s taxable value increased by about $46.02 million from $4.61 billion — one percent — to $4.66 billion. Assessed value increased 1.07 percent to $4.99 billion, up $52.69 million from $4.93 billion. Net value decreased 8.95 percent to $5.96 billion, down $585.37 million from $6.54 billion.

For Sanibel, taxable new construction also increased from about $1.73 million to $19.34 million. In addition, new construction alone increased from $1.73 million to $189.58 million.

Assessments of counties including Captiva saw an increase in taxable value of approximately $15.43 billion from $120.58 billion — 12.80% — to $136.01 billion. Assessed value increased 11.65% to $157.17 billion, an increase of $16.40 billion from $140.76 billion. Net value increased 5.86% to $215.97 billion, an increase of $11.96 billion from $204 billion.

In the county, taxable new construction also increased from about $2.86 billion to $4.48 billion. New construction alone increased from $3.28 billion to $5.99 billion. As for the preliminary taxable school value for Lee, it increased by $12.76 billion to $160.48 billion, an increase of 8.64% from $147.72 billion.

Additionally, according to the new assessments, the Sanibel Fire and Rescue District and the Captiva Island Fire Control District and the Upper Captiva Fire District have increased year-over-year.

The Sanibel Fire District saw a 1% increase to approximately $4.66 billion, an increase of $45.99 million from $4.61 billion. The Captiva Fire District saw a 10.53% increase to $1.52 billion, an increase of $144.50 million from $1.37 billion. The Upper Captiva Fire District saw an 8.88% increase to $323.33 million, an increase of $26.36 million from $296.97 million.

“The publication of the tax roll values ​​begins the process that allows jurisdictions and other taxing authorities to hold public hearings and establish proposed ad valorem tax rates that will apply to properties in Lee County,” This was announced by the appraisal office.

Individual notices regarding planned property taxes (so-called TRIM notices) will be sent out in mid-August.

“If anyone has any questions about their property, they are welcome to contact us,” said Caldwell. “You don’t have to wait to receive your TRIM notifications.”

The final numbers will be sent to Tallahassee for approval.

For more information or with questions, contact [email protected] or 239-533-6100.

Meghan Bradbury contributed to this article.