Latest property value report show bigger increases for Sarasota County and the municipalities this year

The county figure is up 8.34 percent over the 2015 number, while North Port leads the way among the cities with a 13.23-percent rise

The county Administration Center is located in downtown Sarasota. File photo
The county Administration Center is located in downtown Sarasota. File photo

The latest value put on Sarasota County property for 2016 is $50,404,540,609, an 8.34-percent increase from the 2015 total of $46,522,880,939, according to a report the Sarasota County Property Appraiser’s Office submitted to the Florida Department of Revenue this week, The Sarasota News Leader has learned.

The figure is slightly higher than the preliminary estimate released in late May: $50,143,139,495.

The latest number for the City of Sarasota is $8,785,867,883, an 8.44-percent uptick from the 2015 figure of $8,101,864,592, according to data provided to the News Leader by Brian Loughrey, administrative director in the Property Appraiser’s Office.

For the Sarasota County School Board, the figure released this week is $54,838,821,256, up 9.01 percent from the final 2015 value.

The latest estimate for the City of North Port is $3,263,539,753, a 13.23-percent hike and the largest increase seen among the county’s municipalities, the data shows.

For the City of Venice, the latest figure is $3,527,614,748, up 9.28 percent from 2015. Longboat Key’s property value is $3,900,168,329, a 4.86-percent rise from the previous year’s figure.

The tax roll was submitted to the state on the afternoon of June 29, Loughrey said in response to a News Leader request for the information.

State law requires that the tax rolls be provided to the state by July 1. Although local government staff members term the figures “final,” for use in preparation of their budgets for the next fiscal year, Loughrey noted in his email to the News Leader that the numbers will be certified at a later date and are thus still preliminary.

TRIM (Truth in Millage) notices are mailed to property owners in August, using the July figures to let them know how much they owe in ad valorem taxes for the year.

Preliminary budget discussions have indicated the City Commission does not plan to raise its millage rate; the County Commission has made it clear that it has no plans to do so.