Preliminary estimates showed Marco Island market value at $23.4B, down ~2% yearly, while taxable value reached $19B, up ~4% for the period.
New residential and commercial construction totaled $290.2M in market value and $274.9M in taxable value, both below the prior year's $359.1M and $334.3M.
Marco Island recorded ~20K residential properties, down by three units from the prior year, alongside 351 commercial and industrial properties in the preliminary count.
For owners, the key takeaway is that taxable value can rise even when market value softens, because exemptions and assessment limits shape the tax base.
In Mid-Q3, tax notices detailed each property's value, exemptions, and proposed rates; the tax roll is scheduled for certification in Early-Q4 for Marco Island owners.
