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Cayo Costa, Lee County, Florida Property Taxes

  • Median Cayo Costa, FL effective property tax rate: 1.09%, slightly higher than the national median of 1.02%, but lower than the Florida state median of 1.14%.

  • Median Cayo Costa, FL home value: $446,798

  • Median annual Cayo Costa, FL tax bill: $4,209, $1,809 higher than the national median property tax bill of $2,400.

How are property taxes in Lee County calculated?

Property taxes in Cayo Costa, FL are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Cayo Costa’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Cayo Costa, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Cayo Costa, Lee County, Florida Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.09%

Estimate Property Tax Bill

$4,870

$4,519

SAVE WITH OWNWELL

$1,102

Average Tax Savings

Ownwell’s Cayo Costa Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Cayo Costa with just two data points. By entering your property's estimated assessed value, our calculator applies Cayo Costa’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a more precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Lee County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Cayo Costa, Lee County, Florida

Local government entities determine tax rates, leading to a wide variation within a state. This variation arises because each county annually estimates its budget needs for services and divides this by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws are involved in setting these rates and budgets, this is essentially the annual process.

In Cayo Costa, located in Lee County, the effective property tax rate can be compared to other cities in Florida and the median rates in both Florida and the U.S. Florida's median property tax rate stands at 0.83%, which is below the national median of 1.02%. This makes Florida an attractive option for property owners looking to reduce their tax burden compared to the national average. Cayo Costa's rate offers a glimpse into how property taxes can differ significantly within the state. Understanding these differences can help property owners make informed decisions about where to invest or settle based on their tax preferences.

Property Tax Rates Across Cayo Costa, Lee County, Florida

Source: Ownwell

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0.68%

1.18%

1.68%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Cayo Costa Tax Rate

1.09%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Lee County Tax Rate

1.23%

Median Effective Florida Tax Rate

1.14%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Cayo Costa, Lee County, Florida

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile

Source: Ownwell

Property Tax Assessment Values Across Cayo Costa, Lee County, Florida

When examining property taxes in Cayo Costa, Florida, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Lee County Property Appraiser estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

In Lee County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Cayo Costa.

For example, the median home price in Cayo Costa is $446,798, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Cayo Costa, Lee County, Florida

Source: Ownwell

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$146,823

$1,473,289

$2,799,755

Median Cayo Costa Market Value

$446,798

Median Lee County Market Value

$269,922

Median Florida Market Value

$276,648

Median United States Market Value

$235,294

Property Tax Assessment Values Across Cayo Costa, Lee County, Florida

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile

Source: Ownwell

Property Tax Bills Across Cayo Costa, Lee County, Florida

In Cayo Costa, property tax bills are calculated based on the assessed value of a home, which is determined by the Lee County Property Appraiser. The assessed value, a percentage of the market value, is then multiplied by the local tax rate to determine the property tax bill. The median home price in the area is $446,798, and homeowners may face tax bills ranging from $3,167 at the 25th percentile to $9,987 at the 90th percentile. This can significantly impact household budgets, especially for those with higher-valued properties. Compared to the national median property tax bill of $2,400, many Cayo Costa homeowners pay considerably more. Ownwell can assist homeowners in reducing these expenses by providing expert property tax appeal services. By reviewing property assessments for inaccuracies or potential reductions, Ownwell ensures homeowners are not overpaying. This service can lead to substantial savings, offering financial relief and peace of mind to property owners in Cayo Costa.

Property Tax Bills Across Cayo Costa, Lee County, Florida

Source: Ownwell

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$1,511

$12,760

$24,008

Median Cayo Costa Tax Bill

$4,209

Median Lee County Tax Bill

$3,155

Median Florida Tax Bill

$2,953

Median United States Tax Bill

$2,400

Property Tax Bills Across Cayo Costa, Lee County, Florida

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile

Source: Ownwell

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