Longboat property values may be on the rise

Property values on Longboat Key are increasing for the first time since 2008. The town estimates that the overall increase for Longboat Key property will be approximately 2.1 percent. This number is based on preliminary estimates from the Sarasota County Property Appraiser’s Office and the Manatee County Property Appraiser’s Office.

Town Manager David Bullock presented the preliminary budget for next year to the town commission at Monday night’s regular meeting. The preliminary budget estimates the increase will garner the town $171,919 in ad valorem revenues, which is based on the current millage rate of 1.8872.
However, according to Bullock the town budget also has an expected reduction of approximately $300,000 in non-ad valorem revenue due to electric franchise fees decreasing by approximately $75,000 due to mild winter weather. Miscellaneous revenues are also down approximately $203,000 because of interest reductions and sale of fixed assets.

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1 Response for “Longboat property values may be on the rise”

  1. spencer ross says:

    Let’s raise everyone’s taxes so we can help fund more of the Town’s misadventures.

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