News
Sarasota and Manatee County June 1st Estimates Show Increases
According to a June 17th article in the Herald-Tribune, the Sarasota County 2020 taxable values will exceed their pre-great recession highs from 2007. With county-wide preliminary values estimated to exceed $65 Billion, they surpass the previous high of just over $62 Billion from 2007.
Similar to Sarasota County, Manatee County just to the North also saw an increase in property values for the 2020 tax year. The 2020 estimated values increased ~5% to just over $55 Billion.
Using these estimated taxable values, local taxing authorities will work to set their budgets for the 2020-2021 fiscal year. There will be challenges associated with this as there has been significant revenue loss from sales tax, gas tax and other taxes due to COVID-19. Will these taxing authorities rollback their millage rates, hold them flat or increase them?
If you would like to inquire about the preliminary 2020 value your property(s), please feel free to reach out to me directly at n.mau@first-pointe.com. You can also learn more about the June 1st Estimates and what they mean on our latest blog post.
On July 1st, Sarasota and Manatee Counties will submit their final tax rolls for certification by the Florida Department of Revenue. Once the certification is complete, the 2020 TRIM Notices will be sent out to the property owners in mid-August with the appeal deadline to follow in mid-September, 25 days after the mailing of the TRIM notices.
The amount you will pay in property taxes for 2020 is directly based on the County’s opinion of Market and Assessed Value for your property. With property values on the rise amidst the challenges presented by the COVID-19 pandemic, it is important for a qualified property tax professional to review and analyze your properties to ensure that your values are fair and equitable. If you feel the value of your property is too high or just wish to have an independent review, then we encourage you to call us at (954) 282-2005 or email Brian at b.depotter@first-pointe.com or Nick at n.mau@first-pointe.com.
FirstPointe Advisors, LLC is a full service ad valorem tax service provider. We provide you with the experience of a national firm with a regional focus. At FirstPointe Advisors, LLC, you come first. We strive to provide innovative solutions to your property tax needs. With our experience and first class client service, we will create an easy review and appeal process for you. Our experience spans across Florida’s 67 counties in representing owners of residential and commercial properties.
