Fort Myers Beach property owners could see their taxes increase by 26% as town officials work to close a budget gap created by Hurricane Ian.
Watch as Fort Myers Beach Community Correspondent, Anvar Ruziev, explains the proposed increase:
Fort Myers Beach property owners face potential 26% tax increase
Town staff is proposing a tentative millage rate of 1.255, which equals about $125 for every $100,000 of property value. The increase would generate an estimated $1.2 million to help cover basic operating costs.
Currently, Fort Myers Beach is using a bridge loan from the state, with nearly $2.5 million from that loan filling holes in next year’s budget. Officials say they need a more sustainable financial plan moving forward…