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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23 2nd Annual Sarasota Fall Fine Art Festival
11:00 am - 5:00 pm
24 Baby Wearing Dance Class
10:00 am - 11:00 am
27 Thanksgiving Free Public Talk & Veggie Potluck
10:00 am - 3:00 pm
29 Light Up Siesta Village and Holiday Parade
5:00 pm - 9:00 pm
Cops Corner: Sarasota
Enjoy this week's edition of Cops Corner.
World on a string
The exchange of goods and chatter are the usual soundtrack for the Saturday morning Downtown Farmers Market on Orange Avenue.
Read all about it
Bookstores across the state celebrated Florida Bookstore Day Saturday. Bookstore1 held an all-ages literary party and read-a-thon for customers and members of the community.