Captiva, Florida Property Taxes
The median property tax rate in Captiva, FL is 1.28%, considerably higher than both the national median of 0.99% and the Florida state median of 1.14%. With the median home value in Captiva, the typical annual property tax bill reaches $12,022, exceeding the national median of $2,690. Property taxes in Captiva are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Captiva's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Captiva or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Captiva, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.28%
Estimate Property Tax Bill
$12,275
$11,391
$1,148
Average Tax Savings
Ownwell’s Captiva Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Captiva with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Captiva to estimate your property tax bill. This insightful tool not only helps you understand potential tax liabilities but also illustrates how Ownwell can assist in reducing property taxes in Captiva. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Captiva, Florida
Property taxes in Captiva, Florida, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Captiva is 1.28%, significantly higher than both the Florida state median and the U.S. national median of 0.99%. Local government entities within Captiva set these rates annually, and they can vary significantly across different neighborhoods. Each year, Captiva estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Captiva's effective property tax rate to other counties in Florida and the national median. For comparison, the zip code 33924 has the highest median property tax rate of 1.28%, while the same zip code 33924 also has the lowest median tax rate of 1.28%. Understanding how these cities compare with Captiva provides valuable insights into the varying tax landscape across Lee County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Captiva Tax Rate
1.28%
Average Lee County Tax Rate
1.23%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Captiva, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33924 | 1.11% | 1.25% | 1.28% | 1.34% | 1.42% |
Source: Ownwell
$1,148
Average Captiva Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Captiva, Florida
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Captiva, Florida. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Lee County Property Appraiser for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Captiva, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Captiva helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Captiva's median home price stands at $958,962, with tax bills ranging from $7,470 at the 25th percentile to $35,847 at the 90th percentile. Interestingly, the highest and lowest median tax bills both occur in the 33924 zip code, amounting to $12,022.
Average Captiva Assessed Value
$958,962
Average Lee County Assessed Value
$269,922
Average Florida Assessed Value
$276,648
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Captiva, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33924 | $371,695 | $588,028 | $959,386 | $1,719,477 | $2,820,355 |
Source: Ownwell
$1,148
Average Captiva Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Captiva, Florida
In Captiva, located in Lee County, FL, property tax bills are calculated based on the assessed value of the property, which is determined by the county assessor. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. For homeowners in Captiva, the median home price is $958,962, leading to substantial tax bills. For example, the tax bill at the 25th percentile is $7,470, while at the 75th percentile, it jumps to $21,753, and at the 90th percentile, it can reach as high as $35,847. Given these significant amounts, homeowners often seek ways to reduce their tax burdens. This is where Ownwell steps in. By providing expert property tax appeal and exemption services, Ownwell can help homeowners ensure their properties are accurately assessed, potentially lowering their tax bills. With a thorough understanding of local tax regulations and a track record of successful appeals, Ownwell offers a valuable service to those looking to save on their property taxes.
Average Captiva Tax Bill
$12,022
Average Lee County Tax Bill
$3,155
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Captiva, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33924 | $4,679 | $7,490 | $12,022 | $21,761 | $35,862 |
Source: Ownwell
$1,148
Average Captiva Tax Savings
Save on your property taxes & more with Ownwell.
Don't miss the deadline to petition!
Dates | |
|---|---|
| Property Valuation Date | January 1 |
| Appeal Deadline | September 13 |
| Tax Bill | |
| Issued | November 1 |
Links | |
|---|---|
| Lee Property Appraiser | |
| Website | www.leepa.org |
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