Collier County Property Values
July 3, 2016 Posted by Matt
Collier County Property Values Up
A preliminary report shows Collier County’s taxable values are up double digits according to the Collier County Property Appraiser’s office. The final report is expected the week of July 4th.
The impact on residents’ property tax bills won’t be determine until the county’s millage rates are set.
“If the millage rate stays the same or increases, your property taxes will increase,” said Collier County Property Appraiser Abe Skinner.
Market values increased a total of 12.17 percent from $91 billion up to $102.1 billion in 2016. Taxable values which takes into account homestead and other exemptions are up 10.06 percent from $70.1 billion last year to $77.1 billion this year.
Collier County Property Values By City
- City of Naples – Property values were up 11.41 percent to $25.9 billion and taxable values rose 10.4 percent to $20.2 billion.
- Marco Island – Property values were up 10.63 percent to $11.4 billion and taxable values rose 8.75 percent to $9.4 billion.
- Everglades City – Property values were up 4.59 percent to $134.2 million and taxable values were up 4.76 percent to $91.7 million.
In February, Collier County Commissioners recommended keeping the General Fund millage rate the same for 2017. It has been $3.5646 for the last 7 years and is one of the lowest millage rates in the state of Florida. Final property tax values will be available by October 1st.
For those homeowners with homestead, the maximum increase in property tax rates will be 3 percent.
Are you considering buying property in Naples? Or perhaps Bonita Springs? Not sure which community is right for you and your family? Let me be your guide!
If you are interested in selling your home, please contact me for a FREE market analysis.
About Matt Klinowski
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