Preliminary tax roll figures from Manatee and Sarasota counties show that Longboat Key’s taxable values dropped an average of 9.68% Key-wide for about a $518,164,286 loss, marking the third year in a row taxable values have dropped on the island.
The loss in property values marks only the third time since 1988 that taxable values have not risen.
Based on the town’s current millage rate of 1.5 mills, the tax roll loss would result in a budget revenue reduction of about $744,000.
For more information, including a comprehensive look at the town’s preliminary budget that’s being released today, check out a copy of the June 3 edition of The Longboat Observer.
Contact Kurt Schultheis at email@example.com.
Currently 0 Responses
11 Longboat Key Veterans Day Parade
4:00 pm - 6:00 pm
15 Arias In Flght
11:30 am - 2:30 pm
15 Being your best self
1:00 pm - 5:00 pm
29 Santa Jaws at Mote Aquarium
12:00 pm - 2:00 pm
Fall back an hour
Daylight Saving Time ends at 2 a.m. Nov. 2, so turn back those clocks before bedtime Saturday night.
Longboat Key keeps it clean
We’re still reeling from Longboat Key’s exclusion from Movoto’s “10 Sexiest Small Cities in America,” which named Sarasota and Bradenton the first and third sexiest small cities, respectively.
Joe Perry still rockin' in new book
Longboat Key’s most famous guitarist Joe Perry has a new book, “Rocks: My Life In and Out of Aerosmith.”