Property taxes in SW Florida may be dropping by as much as 11.1% if Lee County commissioners vote for the proposal.  Taxes could actually be cut even further at a later date.  The 11.1% is the minimum taxes would go down if approved.

Overall taxes won’t actually go down though, just the tax rate.  Taxes are based upon a millage rate multiplied by an assessed taxable value.  Assessed taxable values have been rising in recent years due to the increase in property values in SW Florida real estate.

A typical homeowner who owns a $200,000 home would save approximately $129, a $250,000 home would save approximately $165, and so on.