U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > U.S. Forums > Florida > Fort Myers - Cape Coral area
Fort Myers - Cape Coral area Lee County
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Old 04-24-2007, 05:17 PM
8 posts, read 35,722 times
Reputation: 20


Does anyone have any ideas on what will happen to the property tax now that home values are sinking?
Won't the county assessor have to lower assessed value based on fair market value decreases?
Reply With Quote Quick reply to this message

Old 04-24-2007, 05:27 PM
Location: HP/Eagle Rock
330 posts, read 1,159,776 times
Reputation: 142
Not sure about Lee, but just north in Charlotte, the 2006 assessed values are UP! Mine is up over $30K from 2005 value of $392K to $426K in 2006. Of course, they are not final until the bill comes out in August. But, I am thinking they are going UP not down.
Reply With Quote Quick reply to this message
Old 04-24-2007, 05:47 PM
Location: Living in Paradise
5,702 posts, read 21,579,491 times
Reputation: 2957
See below for Santa Rosa County system..


Santa Rosa County uses the same appraisal techniques normally used by independent fee appraisers. These are the Cost Approach, Sales Comparison Approach and the Income Approach.

* COST APPROACH - The principle of substitution is basic to the cost approach. This principle affirms that no prudent buyer would pay more for a property than the cost to acquire a similar site and construct improvements of equal desirability and utility without undue delay. Information pertaining to cost is acquired from builders, cost information services and from market abstraction. If the property is not new the appraiser must estimate depreciation and deduct it from replacement cost new.
* SALES COMPARISON APPROACH - This approach is the process in which a market value estimate is derived by analyzing the market for sales of similar properties and comparing these properties to the subject. Sales of similar properties must be carefully analyzed to make sure that no adverse conditions existed that would affect the purchase price. Once this is determined we can estimate value of the subject property.
* INCOME APPROACH - This approach is a unique method to evaluate property, usually commercial property. It requires a study of how much revenue the property would produce if rented. From the gross estimated revenue the appraiser would adjust for losses and expenses. The net estimated income would then be converted into an indication of value by a mathematical process called "capitalization."
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.

Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply

Loading data...
Based on 2000-2016 data
Loading data...

Hide US histogram

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > U.S. Forums > Florida > Fort Myers - Cape Coral area
Follow City-Data.com founder on our Forum or
Similar Threads
View detailed profiles of:

All times are GMT -6. The time now is 04:18 AM.

2005-2017, Advameg, Inc.

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32 - Top