NOTE: The Legal Description provided here is developed for internal use and
utilizes abbreviations and notations that may not be valid for use on a Deed, Certificate of Title, or other Recorded Document.
Sole Owner:Exclusive ownership interest in real estate, whether by an individual, corporation, or trust.
Tenants by Entirety:Ownership of real property held by a married couple, where each person owns the undivided whole of the property, coupled with the Right of Survivorship, so that upon the death of one, the survivor is entitled to the decedent's share.
Joint Tenants:Asset ownership for two or more persons in which each owner holds an equal share. In the event of death, an owner's share is divided equally among the surviving co-owners.
Tenants in Common:Asset ownership for two or more persons in which each owner holds an individual, undivided share and may give away or sell that share without the permission of the other owner(s). In the event of death, an owner's share is passed to their heirs through probate.
Life Estate:An ownership interest in real estate giving a person, the “Life Tenant”, the right to enjoy benefits of ownership of the property during his or her lifetime, while designating to whom ownership of the property will revert to upon their death.
Ninety Nine Year Lease:An agreement in which the tenant is allowed to enjoy benefits of ownership, including applying for a homestead exemption on property taxes.
Agreement for Deed:An agreement in which the seller retains legal title to the property, while the buyer is allowed to enjoy other benefits of ownership, including applying for a homestead exemption on property taxes.
Owner Of Record
LEE COUNTY PO BOX 398 FORT MYERS FL 33902
GOVT LOT CAYO COSTA FL
CAYO COSTA PB 3 PG 25 ALL UNNUMBERED AND ACCRETED LANDS
NOTE: These values represent a work in progress and will change throughout the valuation process. See the "Values" section below for Tax Roll values.
Click here to learn about the various milestone dates during the valuation cycle.
Current Working Values
Land Units Of Measure
Total Number of Buildings
Total Bedrooms / Bathrooms
Total Living Area
1st Year Building on Tax Roll
Image of Structure
Property Value History
The Just value is the total parcel assessment (less any considerations
for the cost of sale). This is the closest value to Fair Market Value we
produce and is dated as of January 1st of the tax year in question (F.A.C. 12D-1.002).
The Market Assessed value is the total parcel assessment (less
any considerations for the cost of sale) based upon the assessment standard. Most
parcels are assessed based either upon the Highest and Best Use standard
or the Present Use standard (F.S. 193.011) . For Agriculturally Classified
parcels (or parts thereof), only agricultural uses are considered in the assessment
(F.S. 193.461 (6) (a)). The difference between the Highest
and Best Use/Present Use and the Agricultural Use is often
referred to as the Agricultural Exemption.
(i.e. Market Assessed = Just - Agricultural Exemption)
The Capped Assessed value is the Market Assessment
after any Save Our Homes or 10% Assessment Limitation cap is applied. This assessment
cap is applied to all properties and limits year-to-year assessment increases to either the
Consumer Price Index or 3%, whichever is lower for Homestead properties OR 10% for non-Homestead properties.
The Taxable value is the Capped Assessment after
exemptions (Homestead, etc.) are applied to it. This is
the value that most taxing authorities use to calculate a parcel's taxes.
(i.e. Taxable = Capped Assessed - Exemptions)