Naples Property Taxes Are Changing for 2027: What Homeowners and Buyers Should Know

Property taxes are an important part of the cost of owning real estate in Naples, especially as home values, insurance costs, association fees and other expenses continue to shape the Southwest Florida housing market.

For the City of Naples, one of those costs is changing.

On September 16, 2026, Naples City Council approved a $294.1 million budget for fiscal year 2026-27 and increased the citywide property tax rate from 1.23 mills to 1.29 mills. The new fiscal year begins October 1, 2026.

For Naples homeowners and prospective buyers, the important question isn't simply whether the tax rate went up.

It's: What does the change actually mean for the cost of owning a home in Naples?

What Is Changing With Naples Property Taxes?

The City of Naples millage rate is increasing from 1.23 mills to 1.29 mills.

A mill represents $1 of property tax for every $1,000 of taxable property value. Property taxes are calculated using a property's taxable value, which can be different from its market value or purchase price. The Collier County Tax Collector explains that real estate taxes are calculated by multiplying taxable value by the applicable millage rate.

The increase from 1.23 to 1.29 mills equals approximately $60 in additional City of Naples property tax for every $1 million of taxable value, assuming the taxable value itself remains the same.

Here is a simplified example:

These examples represent only the City of Naples millage discussed here. They are not estimates of a property's entire annual tax bill.

Why Did the City of Naples Increase the Millage Rate?

According to information presented during the city's budget process, the higher rate is expected to generate approximately $2.23 million in additional operating revenue, including about $1.15 million designated for public safety.

The city's finance director cited several factors affecting the budget, including higher costs for goods and services, additional police and fire personnel, negotiated employee compensation and benefits, infrastructure needs and maintaining adequate financial reserves.

The Naples Police Department is scheduled to receive approximately $750,000 in additional funding, while another $400,000 was allocated to Naples Fire-Rescue and equipment.

The overall fiscal 2026-27 budget totals approximately $294.1 million, compared with roughly $241 million for the prior fiscal year.

Does This Apply to Every Home With a Naples Address?

No — and this is an important distinction for buyers.

The 1.29-mill rate discussed here is the City of Naples property tax rate.

A Naples mailing address does not necessarily mean a property is physically located within the municipal boundaries of the City of Naples.

Many communities throughout the greater Naples area are located in unincorporated Collier County and may be subject to different taxing authorities, special districts or assessments.

That means two homes that both have a "Naples, Florida" mailing address can have different property-tax structures.

For buyers comparing neighborhoods, it's important to look beyond the mailing address and understand exactly which taxing authorities apply to each property.

Taxable Value Isn't the Same as the Price of the Home

This is another area that can cause confusion.

If a Naples home is worth $2 million, that does not automatically mean it has $2 million in taxable value.

The Collier County Property Appraiser determines property values for taxation purposes, while exemptions and assessment limitations can affect the property's ultimate taxable value. The Tax Collector then applies the appropriate millage rates to determine the tax due.

This distinction becomes especially important when someone purchases a property.

A buyer should not assume that the seller's current property-tax bill will necessarily be the buyer's future tax bill.

For real estate buyers, the current tax bill is useful information, but it should be viewed in the context of the property's assessed value, exemptions and the possibility of reassessment after a sale.

Naples Property Values Remain Significant

Naples continues to have one of the most valuable property tax bases in Southwest Florida.

During the city's budget presentation, officials reported approximately $42.7 billion in taxable property value, with taxable values continuing to increase but at a slower pace than in some recent years.

Separate preliminary 2026 data from the Collier County Property Appraiser lists more than $43 billion in taxable value within the City of Naples, illustrating the scale of the city's property base. Preliminary and certified figures can differ as the annual tax roll is finalized.

For homeowners, that makes changes in local tax policy particularly relevant, even when the change in the millage rate itself appears relatively small.

What Should Naples Home Buyers Look at Beyond the Purchase Price?

When comparing homes in Naples, I encourage buyers to look at the entire cost of ownership rather than focusing exclusively on the asking price.

Depending on the property, that can include:

• Property taxes
• Homeowners insurance
• Flood insurance where applicable
• Condo or homeowners association fees
• Special assessments
• Community or taxing-district assessments
• Utilities
• Maintenance
• Club or membership costs where applicable

This can become particularly important when comparing a single-family home in one Naples neighborhood with a condominium in another.

A property with a lower asking price doesn't necessarily have a lower annual carrying cost.

Could This Affect the Naples Real Estate Market?

Naples Real Estate Market

The change from 1.23 to 1.29 mills represents a relatively modest change when viewed against the value of many City of Naples properties.

For example, the difference attributable specifically to this millage change is approximately $120 annually on $2 million of taxable value and $300 annually on $5 million of taxable value.

By itself, that doesn't tell us how an individual buyer or seller will react.

However, property taxes are one part of a larger affordability and ownership-cost conversation that includes insurance, association fees, maintenance and financing costs.

For buyers — particularly those relocating to Florida or purchasing a second home — understanding those costs before making an offer is increasingly important.

For sellers, being able to clearly explain the costs associated with a property can also help buyers make better comparisons between competing homes and neighborhoods.

Frequently Asked Questions About the 2027 Naples Property Tax Rate

What is the City of Naples property tax rate for fiscal year 2026-27?

Naples City Council approved a citywide rate of 1.29 mills, up from 1.23 mills for the prior fiscal year.

How much is 1.29 mills?

A rate of 1.29 mills equals $1.29 in tax for every $1,000 of taxable property value.

A property with $1 million in taxable value would therefore generate approximately $1,290 in City of Naples tax at that rate, before considering any other taxing authorities or assessments.

How much more will a $1 million Naples property pay?

If the property's taxable value is exactly $1 million and remains unchanged, the move from 1.23 to 1.29 mills represents an increase of approximately $60 per year in the City of Naples portion of the property tax bill.

What about a $2 million property?

At $2 million in taxable value, the difference between 1.23 and 1.29 mills is approximately $120 annually.

Again, this calculation applies only to this specific City of Naples millage change.

Does this apply to Pelican Bay?

Pelican Bay

Not necessarily. Having a Naples mailing address does not automatically mean a property falls within the City of Naples. Buyers should verify the property's municipal location and applicable taxing authorities before estimating taxes. None of Pelican Bay is located inside of the city of Naples limits in unincorporated Collier County

Does this apply to Park Shore, The Moorings, and Coquina Sands

Park Shore, The Moorings Coquina Sands

Properties located within the City of Naples are subject to the City of Naples millage rate. Individual properties can also be affected by other taxing authorities or special assessments, so buyers should review the specific tax record for the property they are considering.

Is taxable value the same as market value?

No.

Market value, assessed value and taxable value can all be different. Exemptions and assessment limitations can affect the amount ultimately subject to property tax.

Will my total Naples property tax bill increase by only $60 per $1 million?

Not necessarily.

The $60-per-$1-million figure represents the difference created by the City of Naples rate changing from 1.23 to 1.29 mills, assuming taxable value doesn't change.

A property's total tax bill can include multiple taxing authorities, and its taxable value may also change from one year to the next.

Can I use the seller's current property tax bill to estimate what I will pay after buying a Naples home?

It can be a useful reference, but buyers should be cautious about assuming they'll pay exactly what the current owner pays.

Ownership changes, exemptions and changes in assessed or taxable value can affect future taxes.

Where can I check the taxes on a Naples property?

Property owners and buyers can review property records through the Collier County Property Appraiser and tax information through the Collier County Tax Collector.

For someone seriously considering a particular home, reviewing the actual parcel and its taxing authorities is more useful than relying on a general estimate.

The Bottom Line for Naples Homeowners and Buyers

The City of Naples has approved a 1.29-mill property tax rate for fiscal year 2026-27, increasing the rate from 1.23 mills.

In dollar terms, the difference is approximately $60 annually for every $1 million in taxable property value, assuming taxable value remains unchanged.

The more important lesson for Naples real estate buyers is that property taxes should be evaluated property by property.

Where the home is located, its taxable value, available exemptions, special taxing districts and other assessments can all affect the true annual cost of ownership.

If you're considering buying or selling a home in Naples, I can help you evaluate not only the property's market value, but also the numbers that go into owning it.

Leland Bishop, Realtor®
William Raveis Real Estate
Naples, Florida
LelandBishop.com

This information is provided for general informational purposes and is not tax, legal or financial advice. Property tax calculations and exemptions vary by property and owner. Buyers and property owners should verify current information with the Collier County Property Appraiser, Collier County Tax Collector and applicable taxing authorities.