I am excited to tell you the City of Cape Coral has adopted the Rollback Millage Rate for 2022 Taxes. In simple terms, this means our city leaders adopted a very conservative budget and lowered property taxes. For most of you, property taxes for 2022 (remember, taxes are paid in arrears), will be lower than the property taxes you paid for 2021. We looked at forty properties owned by NWNA members and found the reduction in individual property taxes to be hundreds of dollars each.
The budget for Fiscal Year 2023 is $34 million less than the previous year’s $978 million budget. Mayor John Gunter championed this historic reduction in both taxes and spending. Supporting Mayor Gunter was our Council Member Keith Long in District 6, Council Member Dan Sheppard in District 2, Council Member Jennifer Nelson in District 4, and Council Member Gloria Tate in District 1. These Council Members asked tough questions and were tenacious in their charge to lower the city budget and lower your property taxes. The vote was split, however, with the remaining three Council Members voting no on the Rollback Rate.
Please look at your TRIM Notice and compare Column 1 (YOUR PROPERTY TAXES LAST YEAR 2021) and Column 2 (YOUR TAXES THIS YEAR IF NO BUDGET CHANGE IS ADOPTED) to see the impact on your 2022 taxes. Column 2 is the Rollback Rate and the amount of property taxes you will pay.
I want to thank all the Council Members who voted in favor of the Rollback Rate. On your behalf, I have sent emails to all Council Members who voted YES expressing our appreciation.