Cape Coral, Florida Property Taxes
Real Estate Values and Property Tax Valuation in Cape Coral, Florida
Cape Coral has 88,392 properties with a total real estate value of $21.8B, making up 22.82% of all real estate value in Lee County. Property taxes in Cape Coral totaled $342.1M, with an average of $3,870 paid by homeowners, which is higher than the county average of $3,727. The average property tax rate in Cape Coral is 1.57%, higher than the county average of 1.39%. Property taxes are based on the assessed value of the property, which is usually lower than the market value.
In Florida, property values are assessed on January 1st. Property value notices are issued in August and property tax appeal deadlines are typically 25 days from the date of the value notices, which is usually in September. Property tax bills are issued on November 1st.
Updated November 01, 2023
| Important Links | |
|---|---|
| Lee Clerk | (979) 542-3684 |
| Lee Mapping/GIS | (815) 288-4483 |
| Lee Chancery Clerk | (662) 432-2100 |
| Lee Clerk of Circuit Court | (276) 346-7763 |
| Important Dates | |
|---|---|
| Property Valuation Date: | January 1st |
| Property Value Notices Issued: | August |
| Property Tax Appeal Deadline: | September or 25 days from date of value notices |
| Property Tax Bills Issued: | November 1st |
| Real Property Tax Bill Due (1st of #): | March 31st |
| Available Exemptions | |
|---|---|
| Early Payment Discount | Available |
| Senior | Available |
| Disabled | Available |
| Homestead | Available |
| Veteran | Available |
| Solar/Wind | Available |
| Charitable | Available |
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Real Estate Statistics in Cape Coral, Florida
Residential Property Tax by ZIP code in Cape Coral, Florida
Cape Coral property taxes are collected at an average rate of 1.57%, which is higher than the average rate of 1.39% for Lee County. This difference is due to the higher home values in Cape Coral compared to the rest of the county. Property tax rates also vary across Cape Coral ZIP codes, with the highest effective rate of 1.67% in ZIP code 33991 and the lowest rate of 1.48% in ZIP code 33904. This variation is due to the differences in home values across the ZIP codes. The higher home values in ZIP code 33991 result in a higher effective property tax rate than the lower home values in ZIP code 33904.
Overall, Cape Coral property taxes are higher than the average rate for Lee County, but the rates vary across ZIP codes due to differences in home values. Homeowners in Cape Coral should be aware of the effective property tax rate in their ZIP code to ensure they are paying the correct amount of taxes.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each ZIP code in Cape Coral, Florida. The tax assessment value may differ from the potential sale value, and is used to calculate the property tax for each piece of real estate.
| ZIP Code | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33904 | $124,167 | $155,343 | $211,838 | $317,271 | $436,767 |
| 33909 | $107,662 | $137,662 | $164,974 | $202,600 | $248,535 |
| 33914 | $150,442 | $190,294 | $258,446 | $383,474 | $540,355 |
| 33990 | $138,093 | $163,554 | $199,402 | $257,240 | $327,913 |
| 33991 | $152,010 | $180,409 | $217,690 | $271,970 | $347,579 |
| 33993 | $136,502 | $157,548 | $185,481 | $240,641 | $351,142 |
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each ZIP code in Cape Coral, Florida.
| ZIP Code | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33904 | $1,193 | $2,000 | $3,152 | $4,865 | $7,012 |
| 33909 | $1,060 | $1,744 | $2,714 | $3,522 | $4,567 |
| 33914 | $1,787 | $2,880 | $4,332 | $6,249 | $8,990 |
| 33990 | $1,231 | $1,834 | $3,055 | $4,197 | $5,540 |
| 33991 | $1,840 | $2,790 | $3,859 | $4,877 | $6,103 |
| 33993 | $1,266 | $2,224 | $3,142 | $4,083 | $5,865 |
Effective Property Tax Rate
The effective property tax rate is calculated by dividing the property tax bill by the assessed value. For the percentiles below, the calculation is performed using the percentiles for property tax bill and assessed value above. Therefore, each consecutive percentile doesn't necessarily show a larger value.
| ZIP Code | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33904 | 0.96% | 1.29% | 1.49% | 1.53% | 1.61% |
| 33909 | 0.98% | 1.27% | 1.65% | 1.74% | 1.84% |
| 33914 | 1.19% | 1.51% | 1.68% | 1.63% | 1.66% |
| 33990 | 0.89% | 1.12% | 1.53% | 1.63% | 1.69% |
| 33991 | 1.21% | 1.55% | 1.77% | 1.79% | 1.76% |
| 33993 | 0.93% | 1.41% | 1.69% | 1.70% | 1.67% |
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Real Estate Values in Cape Coral, Florida
Average Home Value in Cape Coral, Florida
Last updated: November 2023
Average home value over time in Cape Coral, Florida
Last updated: November 2023
Total unique home listings in Cape Coral, Florida
Last updated: November 2023
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Housing Expenses in Cape Coral, Florida
Housing expenses are a major part of the average household budget in the state. In fact, housing expenses account for nearly one-third of total expenses for the average household. As inflation continues, housing expenses continue to rise, eating up an ever-increasing portion of the household budget. Property taxes are the second largest component of housing expenses for the average property owner in the state, making up a significant portion of the total housing expenses. As housing expenses continue to rise, it is important for households to budget carefully and plan for the future to ensure they can afford their housing expenses.
Monthly Consumer Expenses for South region
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