Early preliminary property tax valuations for Sanibel and Captiva have increased over 2021.
The Lee County Property Appraiser’s Office released its estimated tax roll values on June 1, which indicate a 12.13 percent increase for the city of Sanibel and a 15.93 percent increase for Captiva as part of unincorporated Lee County. Early estimated valuations for the fire districts on the islands also rose.
The official numbers will come out by July 1, then be sent to Tallahassee for state approval.
According to estimates, Sanibel’s taxable value rose approximately $680.78 million — the 12.13 percent — to about $6.29 billion. Assessed value increased 11.66 percent to about $6.63 billion, up $692.04 million from 2021. Just value rose 32.39 percent to about $8.57 billion, up $2.10 billion.
Also for Sanibel, taxable new construction increased from approximately $12.38 million to $23.07 million, while total just new construction climbed from about $15.70 million to $23.70 million.
County estimates, which include Captiva, show an approximate $15.29 billion rise in taxable value — the 15.93 percent — to about $111.29 billion. Assessed value increased 14.48 percent to about $130.24 billion, up $16.48 billion. Just value jumped 30.25 percent to about $173.27 billion, up $40.25 billion.
Also for the county, taxable new construction rose from approximately $2.16 billion to $3.29 billion, while total just new construction increased from about $2.29 billion to $3.58 billion. As for the county’s taxable school value, it jumped approximately $23.77 billion to $128.38 billion — up 22.72 percent.
In addition, early estimates for the Sanibel Fire and Rescue District and Captiva Island Fire Control District, plus Upper Captiva Fire District, have increased year-over-year, according to the information.
The Sanibel district rose 11.87 percent to approximately $6.42 billion, up about $680.77 million. The Captiva district saw a 11.87 percent growth to about $1.72 billion — a $182.79 million difference.
Upper Captiva experienced a 20.04 percent rise to about $288.49 million, up $48.17 million.