SanibelProperty.com

& CaptivaProperty.net

Sanibel Real Estate - Captiva Real Estate -  Island Real Estate - South West Florida Real Estate - International Investment

 Island Condos - International Property Specialists - Tropical Paradise

 

 

 

Property Taxes

Property Taxes on Sanibel and Captiva and Lee County are collected by the Lee County government.

They are paid in arrears and are assessed in October and due at the end of March of the subsequent year. You can get a discount if you pay in advance.

The millage rate last year for Sanibel property owners was 0.0186017. This includes Lee County and City of Sanibel taxes.

Residents who live full time in Florida can take advantage of the Save our Homes amendment passed in Florida some years ago. This puts a cap on the increase in assessed value each year. For more information about this and more on property taxes, click on “frequently asked questions” on the Lee County property appraiser’s site.

For information about taxes for buyers from overseas, click here.

For information about tax deferred exchanges, click here.

Please call or e-mail us if you have questions about the tax value, current value and current and past property taxes for your property or any property in Lee County. We'll will be happy to help. You can reach us at (239) 851-2301.

Average island prices drop but sales pick up pointing to good season

The average price of property sold on Sanibel between January 1st and September 30th has dropped 19% so far this year making a 25 percent decrease on average prices of sold property on Sanibel over two years.

The most expensive properties showed the biggest drop with a 27 percent drop in beachfront property prices and a 23 percent drop in bay front property. The only property type that gained was inland property which increased 13 percent in the first three quarters of this year.

Captiva fared no better with property prices overall dropping 30 percent over the year and 26 percent over two years. All categories dropped with near beach properties dropping as much as 55 percent.

Take a longer view and the picture is better. Captiva does better than Sanibel. Over five years, the average price of Captiva property has gained 57 percent. (But bear in mind that Captiva was still recovering from Hurricane Charlie five years ago and prices were depressed.) Average prices on Sanibel dropped just  9 percent over five years.

 

Take a still longer view and all categories fared, if not brilliantly, at least adequately.  Sanibel prices have increased 50 percent in the last ten years  and Captiva prices have gone up 42 percent with Captiva beachfront and Captiva near beach homes starring with 86 percent and 94 percent increases respectively. For a spreadsheet of island prices over ten years and more, e-mail Wendy at Wendy@SanibelProperty.com

And now for even better news……  Following a dismal start, a lackluster spring and a mediocre summer, sales have already started picking up for the fall with 17 homes and 14 condos either pending or contingent. This is highly unusual: October is generally our slowest month.