The final property values for Sarasota County are down only 1.1% from last year, Sarasota County Interim Chief Financial Officer Steve Botelho notified the commissioners and County Administrator Randall Reid late June 27.
The change will generate an additional $112,000 for the county’s general fund, compared to the preliminary budget presented to the commissioners earlier this month, Botelho added.
The June estimate was a 1.17% decrease, Botelho noted.
Botelho and his staff originally built in a 4% decrease in property values when they prepared preliminary budget figures for the 2013 fiscal year.
The final figure was provided by county Property Appraiser Bill Furst. By state law, it is required by July 1.