Sarasota News Leader

06/06/2014

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Estimated taxable values in Sarasota County have increased for the second straight year, but this time the upswings are higher overall. For the county itself, the estimated taxable value of property has risen 6.43 percent, com- pared to a 4.22 percent uptick last year. Estimated taxable values also increased in the cities: 8.99 percent in North Port; 6.35 percent in Venice; 5.52 percent in the City of Sarasota; and 5.14 percent in Longboat Key. Those rates were h i g h e r w h e n c o m - pared to the increase in final taxable values for Fiscal Year 2013, when the City of Sarasota saw a 4.8 percent rise and Venice values climbed 3.87 percent, for example. The 2014 estimates were released last week by the Sarasota County Property Appraiser's Office; the final figures will be available in July, said County Fiscal Consultant Karen Fratangelo. While higher prop- erty values are a sign of a strengthening local economy, they also, depending on the decisions of local Both the real estate market and property values have bounced back from the recession. File photo TAXABLE VALUES CLIMB THE SARASOTA COUNTY COMMISSIONERS WILL DISCUSS POTENTIAL MILLAGE RATES DURING UPCOMING BUDGET WORKSHOPS AS THEY PREPARE TO SET A TENTATIVE TAX RATE IN JULY Rolling back the rate would mean a reduction in services. Nora Patterson Commissioner Sarasota County By Roger Drouin County Editor

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