Lee County puts $3.3 billion valuation on island real estate

This year, preliminary tax roll values show the Lee County real estate on Boca Grande as valued at just under $3.3 billion. The $3,292,284,149 valuation for the Boca Grande Fire District, up from $3,162,022,991 in 2022, is an increase of 4.12 percent, and contrasts with the Sanibel Fire District, which had valuations drop from about $6.5 billion in 2022 to $4.2 billion in 2023, a 34 percent decrease. This is the first property assessment year since Hurricane Ian. It reflects the greater damage to Sanibel.