30 percent above 2021: Lee County Property Appraiser announces 2022 property value estimates
On Wednesday, June 1 Lee County Property Appraiser Matt Caldwell released the initial estimates of 2022 property values, and just the value of all property in Lee County was estimated at more than $173 billion.
That is an increase of more than 30 percent above last year.
“Everyone in Lee County could feel that property values have been increasing rapidly, but this confirms the fact that 2021 saw unprecedented increases,” Caldwell said. “Thankfully, homeowners are protected at essentially a maximum of only a three-percent increase through their homestead exemption.”
The purpose of the value estimate is to give the taxing authorities an initial estimate for developing their budgets and property tax rates. Caldwell’s office will continue to refine these estimates and will certify the official values before July 1, using figures gathered in the first five months of the year.
In 2020 an unprecedented increase of taxable property values, spurred by more than $2.1 billion in new construction, amounted to 6.3 percent. When all properties were included (even those that weren’t included in real estate tax), values went up by 7.5 percent, or more than $9 billion, reaching a record high of $130.9 billion.
