Naples’s property taxes likely to increase after City Council vote.

Real Estate Values and Property Tax Valuation in Naples, Florida

The city of Naples has a total of 178,363 properties, with a cumulative value of $91.2B, making up 85.58% of all real estate value in Collier County. Property taxes in Naples totaled $909.4M across these properties, with an average of $5,098 paid by homeowners, slightly lower than the county average of $5,144. The average property tax rate in Naples is 1.00%, the same as the county average. Properties are valued for tax purposes based on their market value.

In Florida, property values are assessed on January 1st. Property value notices are issued in August and property tax appeal deadlines are typically 25 days from the date of the value notices, which is usually in September. Property tax bills are issued on November 1st.

This week, the Naples City Council had a preliminary vote on raising property taxes.

By a majority vote, City Council tentatively approved the increase at a public hearing Sept. 5.

The final hearings on the city’s budgets and 2023-24 property tax – or millage – rates are scheduled for Sept. 20.

Millage rates must be adopted prior to the approval of next year’s budgets.

The city is looking to increase its aggregate millage rate to about 1.18 mils (including its East Naples Bay and Moorings Bay taxing districts). That’s up from a rate of roughly 1.16 this year.