Collier Property Values Plummet Nearly 6%

Collier County's property market has cooled, with preliminary estimates showing a nearly 6% decrease in overall property values for 2026. The total market value for the county dropped to approximately $215.3 billion from over $228.5 billion the previous year, representing a decline of more than $13.2 billion.

Despite the decrease in market values, taxable property values are projected to rise by 1.56% in 2026. This increase, driven significantly by new construction adding an estimated $2.35 billion to the tax roll, means tax bills may not decrease for property owners.

The divergence between market and taxable values is influenced by factors such as Florida's Save Our Homes initiative and other tax system mechanics. While market values reflect a softer real estate environment with longer marketing times and increased inventory, taxable values continue to climb.

Local governments will utilize the preliminary tax roll data to begin budget planning for the upcoming year. Final TRIM notices will be distributed to taxpayers in August, providing details on property values and proposed tax rates before annual tax bills are mailed in November.