Feb
22

Cape Coral, Florida Sees Drop In Taxable Real Estate Values

According to Property Appraiser Ken Wilkinson, taxable real estate values in Cape Coral dropped 4.13% over the past year.

This means a plunge of close to $1 billion.

For long-term real estate investors, developers, and home buyers in the Cape Coral, FL area that’s great news because it means the city will need to provide more incentives to entrepreneurs to attract more business. In 2006, Cape Coral taxable property value held at about $21.6 billion in 2006, while the most recent reports suggest that the value is now closer to $20.7 billion.

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