The real estate boom that has created significant wealth in SW Florida over the past couple of years. Now we are all paying the price for these gains with significantly higher tax bills.
The dilemma in SW Florida right now is that no adjustments to the tax rates have been made by local government to account for the near triple digit valuation increases. This lack of accommodation by taxing entities will have tragic consequences for some living on the edge.
Lee appraisal appeals grow along with values [News-Press]