Taxes & insurance — the short version
Lee County property taxes are set from the county's assessed value times the local millage rate, minus any exemptions like homestead. Non-homesteaded second homes can rise faster than the 3% Save Our Homes cap that protects primary residences. Insurance is the bigger shock for most buyers: wind coverage is separate from flood, many carriers have left Florida, and Citizens is the state-backed insurer of last resort. Always get a real insurance quote before you close — not an estimate.
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What does this house really cost?
Property tax, homeowners insurance and flood insurance are not calculated — enter the figure from the tax collector's bill (or the property appraiser's estimate) and your written quotes. Other estimates are rough rules of thumb, not quotes. Enter today's mortgage rate yourself.
Totals below leave out property tax, homeowners ins., flood ins. until you enter them.
- Mortgage P&I
- $0
- Monthly fixed
- $0
- Monthly operating
- $820
- Monthly total
- $820
- Annual cost
- $9,840
- 5-year cost
- $49,200
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