Fort Myers Beach, Florida Property Taxes
The median property tax rate in Fort Myers Beach, FL is 1.27%, considerably higher than both the national median of 0.99% and the Florida state median of 1.14%. With the median home value in Fort Myers Beach at $462,964, the typical annual property tax bill reaches $5,192, exceeding the national median of $2,690. Property taxes in Fort Myers Beach 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 Fort Myers Beach'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 Fort Myers Beach 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
Fort Myers Beach, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.27%
Estimate Property Tax Bill
$5,880
$5,559
$1,148
Average Fort Myers Beach, Florida Tax Savings
Ownwell’s Fort Myers Beach Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Fort Myers Beach with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Fort Myers Beach 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 Fort Myers Beach. 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 Fort Myers Beach, Florida
Property taxes in Fort Myers Beach, Florida, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Fort Myers Beach is 0.97%, which is slightly below the Florida state median of 0.97% and the U.S. national median of 0.99%. Local government entities within Fort Myers Beach set these rates annually, and they can vary significantly across different neighborhoods. Each year, Fort Myers Beach 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 Fort Myers Beach's effective property tax rate to other counties in Florida and the national median. For comparison, the 33931 zip code has both the highest and lowest median property tax rate of 0.97%. Understanding how these cities compare with Fort Myers Beach 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 Fort Myers Beach Tax Rate
1.27%
Average Lee County Tax Rate
1.23%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Fort Myers Beach, Florida
Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
33931 | 0.72% | 1.14% | 1.27% | 1.32% | 1.40% |
Source: Ownwell
$1,148
Average Fort Myers Beach Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Fort Myers Beach, Florida
In Fort Myers Beach, Florida, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. 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. Assessment notices in Fort Myers Beach 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 Fort Myers Beach helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in this area stands at $462,964, with tax bills ranging from $3,583 at the 25th percentile to $10,437 at the 90th percentile. The highest and lowest median tax bills both occur in the 33931 zip code, at $5,192.
Property Tax Assessment Values Across Fort Myers Beach, Florida
Source: Ownwell
$28,847
$1,414,301
$2,799,755
Average Fort Myers Beach Assessed Value
$462,964
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 Fort Myers Beach, Florida
Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
33931 | $218,491 | $331,283 | $462,964 | $630,356 | $915,590 |
Source: Ownwell
$1,148
Average Fort Myers Beach Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Fort Myers Beach, Florida
In Fort Myers Beach, located in Lee County, FL, property tax bills are calculated based on the assessed value of the property. The assessed value is determined by the county assessor and reflects the market value of the home. Factors such as location, property size, and home improvements influence this value. The local tax rate is then applied to this assessed value to calculate the annual tax bill. For instance, with a median home price of $462,964, homeowners can expect varying tax bills, with the 25th percentile at $3,583 and the 75th percentile at $7,302. High property taxes can be a burden for homeowners, but Ownwell can help. By providing property tax appeal and exemption services, Ownwell ensures that your property is fairly assessed, potentially lowering your tax bill. Our experts review your property's assessment for errors or overvaluations and file appeals on your behalf, saving you money and reducing financial stress.
Average Fort Myers Beach Tax Bill
$5,192
Average Lee County Tax Bill
$3,155
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Fort Myers Beach, Florida
Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
33931 | $2,143 | $3,583 | $5,192 | $7,303 | $10,438 |
Source: Ownwell
$1,148
Average Fort Myers Beach 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 17 |
Tax Bill | |
Issued | November 1 |
Links | |
---|---|
Lee Property Appraiser | |
Website | www.leepa.org |
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