Property values in the city of Sarasota will drop nearly 11%, according to estimates from the Sarasota County property appraiser’s office.
The 2010 estimated total taxable value for property within the city limits is $7.3 billion, a decline of 10.78% from 2009.
Chris Lyons, the city’s director of finance, says the city will have to cut more than $5 million from next year’s budget as a result.
The city’s property values dropped 11.31% last year.
Estimated property values across all of Sarasota County dipped 9.77% this year to $44.6 billion.
Bill Furst, Sarasota County property appraiser, said the values could change slightly between now and July 1, when the official numbers are released.
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4 Meet the Sky
5 Volunteer Connect Meeting
11:30 am - 12:00 pm
9 Back to School Bash 2014
9:00 am - 12:00 pm
9 Cat Depot Leash Walking Class
12:00 pm - 1:00 pm
Heron East Assisted Living Facility held its second annual “Senior Prom” last month.
Sarasota nonprofits the Boys and Girls Club of Sarasota County and Big Brothers Big Sisters are hosting donation drives. The Boys and Girls Club’s drive runs from July 21 through Aug. 2 and is accepting clothing, shoes, books and small household items for Goodwill Manasota.
Vive La France
The Alliance Francaise held a fundraiser in honor of Bastille Day, or La Fête Nationale, Monday, July 14, at Marina Jack.