Sarasota News Leader

12/20/2013

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ON THE RISE New homes under construction around the county mean more property tax revenue. File photo THE STATE'S MOST RECENT PROJECTIONS OF TAXABLE VALUE IN SARASOTA COUNTY SHOW GROWTH OF 5.4 PERCENT IN THE 2015 FISCAL YEAR, AN INCREASE OF MORE THAN 1 PERCENT OVER AN EARLIER ESTIMATE By Roger Drouin County Editor The state's most recent estimates of taxable over 5 percent since 2008," said Sarasota property values in Sarasota County show four County Fiscal Consultant Karen Fratangelo. years of consecutive growth. The state's Department of Revenue also preOn Dec. 13, the state projected an increase dicts real estate value upswings of 5.6 percent, of 5.4 percent in Fiscal Year 2015. Earlier 5.9 percent and 5.8 percent for Fiscal Years this summer, the estimate was for a 2016, 2017 and 2018, respectively. 4.1-percent rise. The increases would If the latest projectake some pressure We haven't had an increase of over tions hold true, they off local projections 5 percent since 2008. will mark a recent for general fund shortKaren Fratangelo milestone for Sarasota falls. Based on the Fiscal Consultant County. "We haven't estimates released Sarasota County had an increase of Dec. 13, a previously

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