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Monroe County property values increased significantly in the past year, according to most recent estimates by the Property Appraiser’s Office.
Those estimates correlate with the most recent trends in the Florida Keys’ red-hot real estate market.
The cities of Marathon and Islamorada saw the largest increases, with 9% growth each, according to Monroe County Property Appraiser Scott Russell.
Marathon’s property values increased from $2.8 billion in 2020 to $3 billion in 2021, and Islamorada’s property value increased from $3.8 billion to $4.2 billion, Russell said.
Countywide, property values increased by 8%, going from $29 billion in 2020 to an estimated $31 billion in 2021, according to Russell. The City of Layton also experienced an 8% increase, going from $77.2 million in 2020 to nearly $80 million in 2021. The property values in the city of Key Colony Beach rose from $766 million in 2020 to $802 million in 2021.
Those estimates correlate with the most recent trends in the Florida Keysâ red-hot real estate market.
The cities of Marathon and Islamorada saw the largest increases, with 9% growth each, according to Monroe County Property Appraiser Scott Russell.
Marathonâs property values increased from $2.8 billion in 2020 to $3 billion in 2021, and Islamoradaâs property value increased from $3.8 billion to $4.2 billion, Russell said.
Countywide, property values increased by 8%, going from $29 billion in 2020 to an estimated $31 billion in 2021, according to Russell. The City of Layton also experienced an 8% increase, going from $77.2 million in 2020 to nearly $80 million in 2021. The property values in the city of Key Colony Beach rose from $766 million in 2020 to $802 million in 2021.
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Lee tax roll valuations show upticks across board
By CHUCK BALLARO - | Jul 7, 2021
Overall taxable property valuation jumped by double digits in Lehigh Acres last year.
Estimated at a 9.71 percent increase a month ago, the overall taxable valuation of properties within the Lehigh Acres Fire District came in at a 10.94 percent increase, according to numbers released by the Lee County Property Appraisers Office Thursday.
The increases come despite some predictions that the COVID pandemic would negatively impact Southwest Florida property values with Lee County communities seeing an increase nearly across the board. Only properties with the Fort Myers Shores Fire District saw a dip, in that case of 1.03 percent.