Sarasota taxable values jump 4%

Bolstering claims of economic recovery, Sarasota County preliminary taxable values exceeded early estimates for the 2014 fiscal year.

Sarasota County taxable values jumped 4.1% to $40.79 billion this year compared with $39.13 billion the previous year, according to preliminary assessments submitted to the Florida Department of Revenue. Figures provided to taxing authorities in June estimated a 3% increase from the previous fiscal year.

Taxable values grew 4.8% to $7.2 billion within the city of Sarasota; 4% to $2.8 billion in the city of Venice; 3% to $3.3 billion in the town of Longboat Key; and 7% to $2.4 billion within the city of North Port.

Contact Alex Mahadevan at [email protected].