Lee and Collier County in beautiful subtropical SW Florida and includes Naples, Fort Myers, Estero, Bonita Springs, Marco Island, Fort Myers Beach, and Cape Coral
For a 2000 square foot home, the annual premium will run around $1,200 to $1,900 per year. Discounts will be given if the home is equipped with hurricane shutters or high impact glass, alarm system, tile roof.
In Lee County (Ft. Myers, Bonita, Estero, Cape Coral) the taxes are estimated at 1.5%-2% of assessed value and Collier County (Naples) the taxes are estimated at 1.25% of assessed value. A 10% annual assessment cap for non-homestead property (this includes all non- residents from out of state or out of country) was passed on 1/29/08. What this means is that they cannot increase your assessed value by more than 10% per year. So your taxes cannot be raised by more than 10% per year if millage rate does not change.
Homeowner association fees are basically the cost of running a community and are paid by the home owners in that community. The homeowners vote the association board and the board hires a community manager. Fees typically run around $35 per month (no lawn service) to as much as $200 or more per month (lawn service). The fee depends on the services included such as lawn care, trimming shrubs, cable TV, and irrigation water. If the community has a MASTER HOME OWNERS ASSOCIATION FEE, the fee could range from $50 per year to $10,000 per year depending on the community and amenities. The master association manages the community common areas and could include a club, golf course, fitness center, tennis courts, community pool, gate house and more. Smaller communities would have just one HOA fee. Larger ones would have a neighborhood HOA and a master HOA fee.