Tuesday, July 12, 2016

Property taxes to climb under Collier County commission proposal

http://www.naplesnews.com/story/news/local/2016/07/12/property-taxes-climb-under-collier-county-commission-proposal/86982438/

9.85% jump in taxes, homesteads are still capped at 3% and 10% cap for non homesteaded.

Property values in the county are expected to jump 9.85 percent. Under the tax rate, a home that was worth $200,000 last year would have paid $713 in county taxes. If that home increased the full 9.85 percent in value it would now be worth $219,700 and would pay $783. Not all homes will have to pay the full increase. Tax increases for properties with homestead exemptions would be capped at 3 percent. Increases for homes without homestead exemption are capped at 10 percent,

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