2014 Annual Report - Sarasota County Property Appraiser

2014 Annual Report - Sarasota County Property Appraiser

2014 Annual
Report
A Message from Bill Furst
I am pleased to present the Sarasota County Property
Appraiser’s Annual Report to the citizens in our community.
The Annual Report contains an overview of the trends in the
market and taxable values for real and tangible property in
Sarasota County.
2014 Market Values in our county saw an overall increase of
9% over the previous year. Taxable Values also saw a small
overall increase of 6%. Following the trend started last year,
2014 marks the second year there has seen an increase in
property values since 2007. As a result of this increase, 90% of
homestead exempt parcels realized an added Save Our Homes
differential and non-homestead residential property with 9
units or less saw a 51% increase in the number of parcels with
the 10% Assessment Limitation Cap differential. Preliminary
new construction values reported have resulted in an increase
of almost 30% over last year and a total of 190% over the last
two years.
My office continually strives to ensure that property values in
Sarasota County are fair, equitable, accurate and clearly
communicated. We pride ourselves in delivering efficient and
friendly service to the residents of our county, answering
questions and bringing resolution to issues as they arise.
Please feel free to contact me at [email protected] with your
questions and suggestions.
Sincerely,
Bill Furst
Sarasota County Property Appraiser
Serving Our Community with Pride and Accountability
Page 2
Table of Contents
I.
Message from Bill Furst…………………………………………………………………………
2
II.
Property Market (Just) Values………………………………………………………………..
4
III.
Property Taxable Values………………………………………………………………………..
7
IV.
Taxing Authorities – Millage Rates ……………………………….………………………
9
V.
Tangible Personal Property…………………………………………………………………….
12
VI.
Property Parcels and Accounts……………………………………………………………….
13
VII.
Property By Type……………………………………………………………………………………
15
VIII.
Exemptions…………………………………………………………………………………………….
16
IX.
Manufactured Mobile Homes…………………………………………………………………
20
X.
Government Lands…………………………………………………………………………………..
20
XI.
Foreclosures…………………………………………………………………………………………….
21
XII.
New Construction.…………….……………………………………………………………………..
22
XIII.
Agricultural Use…………………………………………………………………………………
23
XIV.
Redevelopment Areas ..………………………………………………………………………..
23
XV.
Florida Counties Taxable Value Comparison………………………………………….
25
XVI.
Addendum A – Listing of Taxing Authorities………………………………………….
26
XVII.
Links…………………………………………………………………..…….…………………..………
28
st
(Data based on 1 Certification of 2014 Assessment Roll on October 6, 2014)
Serving Our Community with Pride and Accountability
Page 3
Property Market (Just) Values
It is the responsibility of the Property Appraiser’s Office to
determine the value of all real property (real estate) and
tangible personal property (e.g. business equipment) as of
January 1 of each year. Market (Just) Value is established
through the appraisal process governed by Florida Law. When
determining the Market Value, various factors are considered,
including the amount a willing buyer would pay a willing seller
for the property, the location and condition of the property,
and the income generated from the property. Foreclosure and
distressed sales, although considered, are not included as
part of the analysis. The Market Value is effective as of
January 1st of the current tax year.
Sarasota County
Year
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
Just Value
$64,115,627,714
$84,021,903,730
$86,073,289,826
$73,097,887,961
$62,269,730,579
$55,668,387,096
$51,987,139,459
$51,423,706,247
$54,470,238,724
$59,884,328,611
Sarasota County Market (Just) Values
$90,000,000,000
$80,000,000,000
$70,000,000,000
$60,000,000,000
$50,000,000,000
$40,000,000,000
$30,000,000,000
$20,000,000,000
$10,000,000,000
$0
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
Market Value for all properties in Sarasota County saw an overall increase of
almost 9.9 % over the prior year.
Serving Our Community with Pride and Accountability
Page 4
Percentage Change
Market (Just) Values for Municipalities
70.00%
60.00%
50.00%
40.00%
30.00%
20.00%
10.00%
0.00%
-10.00%
-20.00%
-30.00%
-40.00%
Market (Just) Value Change
City of Sarasota
City of Venice
Town of Longboat Key
City of North Port
Market (Just) Value Trend by County and Municipality
Sarasota County
Year
Just
Value
($Billions)
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
$64.11
$84.02
$86.07
$73.09
$62.26
$55.66
$51.98
$51.42
$54.47
$59.88
%
Change
21.28%
31.05%
2.44%
-15.08%
-14.81%
-10.60%
-6.61%
-1.08%
5.93%
9.94%
City of Sarasota
Just
Value
($Billions)
$11.55
$15.01
$15.34
$13.66
$12.00
$10.69
$9.99
$10.07
$10.54
$11.37
%
Change
17.84%
29.99%
2.22%
-10.99%
-12.13%
-10.93%
-6.53%
0.80%
4.67%
7.80%
City of Venice
Just
Value
($Billions)
$4.14
$5.57
$5.67
$4.79
$4.08
$3.67
$3.45
$3.45
$3.66
$3.97
%
Change
24.48%
34.58%
1.83%
-15.55%
-14.76%
-10.13%
-6.07%
0.09%
6.17%
8.18%
Serving Our Community with Pride and Accountability
Town of
Longboat Key
Just
%
Value
Change
($Billions)
$4.90
$5.66
$5.49
$4.82
$4.27
$3.83
$3.65
$3.58
$3.69
$4.04
14.48%
15.48%
-2.90%
-12.21%
-11.40%
-10.24%
-4.77%
-1.97%
3.21%
9.17%
City of North Port
Just
Value
($Billions)
$3.97
$6.49
$7.02
$5.22
$4.16
$3.61
$3.37
$3.38
$3.68
$4.12
%
Change
62.34%
63.21%
8.24%
-25.72%
-20.28%
-13.12%
-6.61%
0.24%
9.06%
11.76%
Page 5
Sarasota County
Single Family Residential
Parcels Average Market Value
Sarasota County
Residential Condominium
Parcels Average Market Value
Year
Avg. Market Value
% Chg
Year
Avg. Market Value
% Chg
2005
$271,017
15.1%
2005
$301,826
17.6%
2006
$352,656
30.1%
2006
$359,882
19.2%
2007
$342,104
-3.0%
2007
$350,991
-2.5%
2008
$282,357
-17.5%
2008
$299,833
-14.6%
2009
$224,342
-20.5%
2009
$253,218
-15.5%
2010
$201,294
-10.3%
2010
$225,781
-10.8%
2011
$186,085
-7.6%
2011
$211,327
-6.4%
2012
$183,870
-1.2%
2012
$207,741
-1.7%
2013
$201,459
9.6%
2013
$217,168
4.5%
2014
$221,902
10.1%
2014
$239,453
10.3%
*Note: 2009 Condominium totals reflect the removal of
approximately 4000 commercial condominium parcels reclassified from Condominiums to Commercial/Industrial properties.
Serving Our Community with Pride and Accountability
Page 6
Property Taxable Values
Taxable Value results from subtracting any applicable
exemptions from Assessed Value. Taxable Value is
used for tax levying purposes by the various taxing
authorities. The property appraiser has no jurisdiction
or responsibility for tax rates, district budgets, special
assessments or amount of taxes paid.
Determining Taxable Value
Just Value (Market Value)
- Assessment Differential
(I.e. Save Our Homes)
Assessed Value
- Exemptions (i.e.
Homestead)
Sarasota County Taxable Value
$70,000,000,000
Value in Billions
$60,000,000,000
$50,000,000,000
$40,000,000,000
$30,000,000,000
$20,000,000,000
$10,000,000,000
$0
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
The Taxable Value for all properties in Sarasota County saw an overall
increase of 6.63%.
Serving Our Community with Pride and Accountability
Page 7
Taxable Value by Municipality
$12,000,000,000
Value in Billions
$10,000,000,000
$8,000,000,000
City of Sarasota
$6,000,000,000
City of Venice
Town of Longboat Key
$4,000,000,000
City of North Port
$2,000,000,000
$0
Taxable Value Trend by County and Municipality
Sarasota County
Taxable
Value
%
Change
2004
2005
2006
2007
2008
2009
2010
$38.77
$46.45
$58.91
$62.66
$53.15
$46.53
$42.20
2011
City of Sarasota
City of Venice
%
Change
13.67%
19.80%
26.83%
6.36%
-15.18%
-12.44%
-9.31%
$6.46
$7.59
$9.71
$10.33
$9.21
$8.17
$7.34
15.71%
17.44%
27.93%
6.37%
-10.82%
-11.27%
-10.20%
$2.46
$3.05
$4.15
$4.36
$3.65
$3.16
$2.86
17.47%
23.91%
35.71%
5.20%
-16.35%
-13.23%
-9.73%
$3.66
$4.15
$4.73
$4.72
$4.23
$3.82
$3.50
8.43%
13.28%
14.06%
-0.19%
-10.45%
-9.75%
-8.30%
$1.79
$2.95
$4.93
$5.62
$3.81
$2.96
$2.48
35.81%
65.14%
66.81%
14.11%
-32.13%
-22.44%
-16.06%
$39.56
-6.26%
$6.84
-6.84%
$2.71
-5.24%
$3.34
-4.51%
$2.27
-8.37%
2012
$39.13
-1.10%
$6.87
0.47%
$2.69
-0.41%
$3.30
-1.23%
$2.26
-0.52%
2013
$40.75
4.15%
$7.19
4.63%
$2.82
4.64%
$3.40
3.00%
$2.41
6.52%
2014
$43.46
6.63%
$7.59
5.59%
$3.02
7.09%
$3.56
4.58%
$2.65
9.63%
($Billions)
($Billions)
($Billions)
%
Change
City of North Port
Taxable
Value
Year
Taxable
Value
Town of
Longboat Key
Taxable
%
Value
Change
Serving Our Community with Pride and Accountability
($Billions)
Taxable
Value
($Billions)
Page 8
%
Change
Taxing Authorities and Millage Rates
There are more than 50 different taxing authorities within
Sarasota County. On an annual basis, each Taxing Authority establishes a
millage rate by dividing their proposed budget by the taxable value less
the value of new construction. The millage rate is then multiplied by the
taxable value of each property located within the taxing district. These
taxes are referred to as Ad Valorem Taxes and the revenues generated are
used to support the operation and services provided by each of the taxing
authorities. Each year the newly proposed millage rates are published on
the Notice of Proposed Property Taxes (TRIM or Truth in Millage) sent to
property owners during the month of August. It is important to review the
TRIM Notice since it provides details about the proposed millage rates, the
new appraised values, and exemption information. The TRIM Notice
provides the date, time and place of the taxing authority’s budget hearing as well as contact
information.
Millage Rates for County-wide Services
Sarasota County Ad Valorem Taxes
Taxing Authority
Millage
General Revenue
3.1386
Debt Service
0.1721
Mosquito Control
0.0805
Sarasota Memorial Hospital
1.0863
SW FL Water Mgmt District
0.3658
West Coast Inland Navigation District
0.0394
School Board
7.7770
Total
12.6597
Millage rates total does not include EMS services
Serving Our Community with Pride and Accountability
Page 9
Where does my 2014 Tax Dollar Go?
General Revenue
25%
School BoardDistrict Fund
61%
Debt Service
1%
Mosquito Control
1%
Public Hospital
Board
9%
SW FL Water Mgmt
District
West Coast Inland 3%
Navigation
0.3%
Distribution of 2014 Ad Valorem taxes levied for county-wide services
In addition to the county-wide millage rates, there are ad valorem rates specific
to each municipality and certain neighborhoods. Each of the taxing authorities
serving a particular property is listed on the TRIM Notice and on the tax bill.
Additional Millage by Municipality
Taxing Authority
General Revenue
Debt Service
Total
City of
Sarasota
3.1728
0.3877
3.5605
City of
Venice
3.1000
0.1920
3.292
Town of
Longboat Key
2.1763
0.0605
2.2368
City of
North Port
3.5974
-3.5974
Note: One mill equals $1 per $1,000 (.001). For example, a tax rate of 12.6597 mills is 1.26597% of Taxable Value.
(Calculation: .0126597 is multiplied by the Taxable Value of the property to determine the Ad Valorem tax.)
Serving Our Community with Pride and Accountability
Page 10
Top Ten 2014 Ad Valorem Taxpayers in Sarasota County
Principal Taxpayers*
Taxable Value
Percentage of Total
County Tax Roll
1
2
Florida Power & Light Co
Verizon Florida LLC
$378,677,887
$151,541,298
0.87%
0.35%
3
Sarasota Shoppingtown LLC
$97,121,821
0.22%
4
SNF Property LLC
$91,113,201
0.21%
5
Publix Supermarkets Inc
$82,747,531
0.19%
6
Glenridge on Palmer Ranch
$78,936,958
0.18%
7
Sarasota Doctor’s Hospital
$69,036,322
0.16%
8
Wal-Mart Stores East, LP
$68,712,117
0.16%
9
Venice HMA LLC
$68,475,732
0.16%
10
Southgate Mall Owner LLC
Total
$71,368,673
$1,157,731,540
0.16%
2.66%
*Sum of all properties/accounts for the principal taxpayer.
Serving Our Community with Pride and Accountability
Page 11
Tangible Personal Property (TPP)
Tangible Personal Property By Municipality
Municipality
Taxable Value
% Change
over prior year
% of
Total
City of Sarasota
City of Venice
Town of Longboat Key
City of North Port
$267,702,242
$166,684,711
$25,925,824
$112,353,695
4.0%
5.5%
5.1%
19.3%
18.4%
11.5%
1.8%
7.7%
Total Sarasota County
$1,452,311,359
3.1%
100.0%
Tangible Personal Property
Sarasota County
Year
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
Market Value Taxable Value
($Billions)
($Billions)
$2.09
$2.32
$2.55
$2.52
$2.31
$2.19
$2.06
$1.97
$2.10
$2.16
$1.73
$1.95
$2.14
$1.87
$1.72
$1.59
$1.49
$1.39
$1.40
$1.45
Serving Our Community with Pride and Accountability
●
●
●
Tangible Personal
Property (TPP) is
everything other
than real estate used
in business.
All businesses,
regardless of size,
must file a TPP
return.
●
●
●
Page 12
Property Parcels and Accounts
Sarasota County Parcels and Accounts
Year
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
Real Property
# Parcels % Change
254,127
261,252
264,901
267,763
268,125
267,950
268,077
268,135
268,940
269,576
1.8%
2.8%
1.4%
1.1%
0.1%
-0.1%
0.0%
0.0%
0.3%
0.2%
Tangible Personal Property
# Parcels
% Change
36,804
37,157
36,758
36,596
34,597
33,250
32,274
31,597
31,813
31,766
1.0%
1.0%
-1.1%
-0.4%
-5.5%
-3.9%
-2.9%
-2.1%
0.7%
-0.1%
Total Parcels
# Parcels % Change
291,039
298,505
301,755
304,443
302,833
301,200
300,351
299,732
300,753
301,342
1.7%
2.6%
1.1%
0.9%
-0.5%
-0.5%
-0.3%
-0.2%
0.3%
0.2%
2014 Distribution of Total Real Property
Parcels by Municipality
10%
55%
6%
2%
City of Sarasota
27%
City of Venice
Town of Longboat Key
City of North Port
Unincorporated
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Page 13
Sarasota County Single
Family Residential Parcel
Count
Year # Parcels
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
116,962
122,145
128,023
129,911
129,017
129,360
129,893
130,357
131,025
132,225
% Change
3.6%
4.4%
4.8%
1.5%
-0.7%*
0.3%
0.4%
0.4%
0.5%
0.9%
Sarasota County
Condominium Parcel
Count
Year # Parcels
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
48,063
51,571
53,454
55,465
50,423
50,284
50,254
50,387
50,507
50,550
% Change
4.1%
7.3%
3.7%
3.8%
-9.1%**
-0.3%
-0.1%
0.3%
0.2%
0.1%
*Per instructions from the Florida Department of Revenue, beginning in 2009, single family residential
parcels with a second dwelling were reclassified to multi-family use 10 units or less.
** Per instructions from the Florida Department of Revenue, in 2009 approximately 4000 commercial
condominium parcels were reclassified from Condominium use to Commercial/Industrial use. Beginning
in 2009 the condominium parcel count reflects only residential units.
Serving Our Community with Pride and Accountability
Page 14
Property by Type
Sarasota County Real Property Parcels and Values
Property Type
Parcel
Count
Market Value
Taxable Value
% of Total
Taxable Value
RESIDENTIAL PROPERTIES
Vacant Residential
53,953
$1,064,629,400
$948,264,672
2.26%
132,225
$29,341,017,300
$21,295,251,396
50.70%
11,834
$688,989,600
$482,760,687
1.15%
4,058
$1,571,576,400
$1,218,442,565
2.90%
50,550
$12,104,346,800
$10,258,859,880
24.42%
365
$78,746,600
$70,559,085
0.17%
252,985
$44,849,306,100
$34,274,138,285
81.60%
164
$504,573,800
$405,570,321
0.97%
84
$432,334,300
$313,063,373
0.75%
729
$257,563,800
$247,938,904
0.59%
8,110
$5,732,960,900
$5,235,880,169
12.47%
279
$33,216,900
$32,576,781
0.08%
2,218
$784,997,400
$758,261,896
1.81%
Agricultural
935
$891,265,200
$57,944,530
0.14%
Institutional
781
$1,663,330,400
$516,384,965
1.23%
Government
815
$2,237,902,300
$3,077,526
0.01%
20
$10,255,600
$3,203,340
0.01%
2,267
$212,428,000
$60,228,519
0.14%
189
$105,255,800
$96,383,326
0.23%
16,591
$12,866,084,400
$7,730,513,650
18.40%
269,576
$57,715,390,500
$42,004,651,935
100.00%
Single Family Homes
Mobile Homes
Multi-Family <10 Units
Condominiums
Cooperatives
Residential Sub-Total
NON-RESIDENTIAL PROPERTIES
Multi-Family >10 Units
Retirement Homes & Misc. Res.
Vacant Commercial
Improved Commercial
Vacant Industrial
Improved Industrial
Leasehold Interest
Miscellaneous
Non-Agricultural Acreage
Non-Residential Sub-Total
Totals
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Page 15
Exemptions
The Constitution of the State of
Florida provides for a number of
property exemptions that may reduce
the taxable value of a property. The
property, and residents applying,
must qualify for the exemption as of
January 1. Exemptions usually require
the filing of an original application by
March 1 of the year the exemption is
first requested. Some exemptions are
automatically renewed in subsequent
years, while others require annual
application and confirmation.
2014 Exemptions & Classified Use Values
Sarasota County
Type
Value
$25,000 Homestead Exemption
Additional $25,000 Homestead Exemption
Save Our Homes Cap Differential
Non-Homestead 10% Cap Differential
Seniors Exemption
Governmental Exemption (Real & Tangible)
Organizational Exemption (Real & Tangible)
Tangible Personal Property Exemption
Agricultural Classification:
$2,738,744,184
$2,334,170,668
$4,458,069,236
$1,211,076,585
$8,017,125
$3,405,148,964
$1,105,703,459
$142,002,626
Market Value
Assessed Value
Classified (Exempt) Value
$831,040,100
$17,184,900
$813,855,200
*Agriculture is not an exemption but rather a classification of property assessed at a lower rate.
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Page 16
Homestead Exemption
40% of parcels in Sarasota County enjoy the benefit
of a homestead exemption, making it the most
Homestead Exemptions
Sarasota County
Year
Number of
Exemptions
% Change
2005
111,876
2.17%
2006
113,588
1.53%
2007
116,116
2.23%
2008
116,852
0.63%
2009
115,705
-0.98%
2010
113,981
-1.48%
2011
112,148
-1.61%
value between $50,000 and $75,000 and only to
2012
110,445
-1.52%
non-school taxes.
2013
109,965
-0.43%
2014
109,737
-0.21%
prevalent property exemption. Every person who
owns and resides on real property in Florida on
January
1
and
makes
the
property
their
permanent residence is eligible to receive a
homestead exemption of up to $50,000. The first
$25,000 exemption applies to all property taxes,
including school district taxes.
The additional
exemption of up to $25,000 applies to the assessed
Save Our Homes Cap
The Constitution of the State of Florida was
amended in 1992 to provide a limitation in annual
increases to the Assessed Value of homestead
exempt property. This provision is commonly
known as “Save Our Homes” (SOH). It works by
limiting annual increases in Assessed Value to no
more than 3% or the amount of the Consumer Price
Index, whichever is less. However, new construction
is added at market value on the year after the
improvements are done. On the first year the
homestead exemption is granted, the Market Value
and Assessed Value are equal. Thereafter, the
increase in Assessed Value is limited by the annual
SOH percent increase. The difference between
Market Value and the capped Assessed Value is
often called the “Save Our Homes” cap.
Serving Our Community with Pride and Accountability
Save Our Homes
Limitation (Cap) Rate History
Roll Year
Assessed Value
Increase Limit
2005
3.0%
2006
2007
2008
3.0%
2.5%
3.0%
2009
0.1%
2010
2.7%
2011
1.5%
2012
3.0%
2013
1.7%
2014
1.5%
Page 17
Among the 109,737 homestead exempt parcels, 90% realized an added Save Our Homes differential.
The average amount of a Save Our Homes cap for a property with differential in our county was $45,102.
Homestead Assessment Differential
For Sarasota County
Year
Differential
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
$9,722,327,409
$16,369,486,988
$14,262,191,478
$7,991,870,553
$3,896,478,359
$2,215,896,974
$1,559,393,662
$1,459,410,907
$2,735,273,004
$4,458,069,236
Differential
Parcels
% change
with
from prior Differential
year
35%
68%
-13%
-44%
-51%
-43%
-30%
-6%
87%
63%
98,605
101,627
97,200
81,880
59,523
43,096
29,331
31,196
90,277
98,844
% Change
from Prior
Year - Parcels
with
Differential
Average
Differential
Homestead
Parcels
% of HX
Parcels
with
Differential
2%
3%
-4%
-16%
-27%
-28%
-32%
6%
189%
9%
$98,599
$161,074
$146,730
$97,605
$65,462
$51,418
$53,165
$46,782
$30,299
$45,102
111,876
113,588
116,116
116,852
115,705
113,981
112,148
110,445
109,965
109,737
88%
89%
84%
70%
51%
38%
26%
28%
82%
90%
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Page 18
10% Assessment Limitation Cap for Non-Homestead Property
A 10% Assessment Limitation Cap on the Assessed Value of non-homestead residential and
non-residential properties became effective with the 2009 Assessment Roll. The limitation
remains with the property until a change of ownership or control of more than 50% occurs. The
Legislature adopted statutes to implement this constitutional provision.
Residential 10 units or more &
Non-Residential (F.S. 193.1555)**
Residential 9 units or less
(F.S. 193.1554)*
Year
Differential
2011 $53,690,429
2012 $101,114,411
2013 $408,923,560
2014 $833,371,675
Parcels
with
Differential
Average
Differential
3,065
5,454
54,599
82,374
$17,517
$18,539
$7,490
$10,117
Year
Differential
Parcels
with
Differential
Average
Differential
731
1,378
1,278
2,477
$66,843
$187,659
$175,248
$152,485
2011 $48,862,001
2012 $258,593,855
2013 $223,967,190
2014 $377,704,910
*Section 193.1554 applies to non-homestead residential property with no more than 9 dwelling units and to vacant property
zoned for residential uses. New construction is added at market value on the year after the improvements are done.
**Section 193.1555 applies to all residential properties with 10 units or more and all non-residential properties. It provides for
the reassessment of the property and resetting of the 10% cap when a qualifying improvement increases the market value of
the property by at least 25%.
Homestead Portability
Since 2009 property owners have been able to transfer or port their accumulated Save Our Homes
cap differential value from their prior homestead exempt property to their new homestead
exempt property anywhere in the State of Florida.
2014 Homestead Portability
Municipality
City of Sarasota
City of Venice
Town of Longboat Key
City of North Port
All Sarasota County
# Parcels
Total Portability
Value
195
105
30
192
1585
$11,241,836
$2,006,171
$1,240,993
$1,977,689
$42,413,707
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Page 19
Manufactured (Mobile) Homes
A manufactured home may be classified as either real
property or as a motor vehicle. If the manufactured
home owner owns or has beneficial interest to the land
where the home is located the home is considered real
property and valued as an improvement to the land. In
this case, the resident owner may be eligible for a
homestead exemption. Typically, manufactured homes
in Resident Owned Communities are valued as real
property when the owner of the home becomes a stock
member of the community and receives a 99-year
proprietary lease. If the land is rented, the
manufactured home is considered a motor vehicle and
the attachments to the home (carports, screen porch,
etc.) are classified and placed on the assessment rolls as
tangible personal property.
Manufactured Homes
Year
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
Real Property Parcels
11,471
11,557
11,605
11,651
11,647
11,656
11,780
11,799
11,818
11,834
Government Lands
Sarasota County is 571.55
square miles in size. Of
this, 30% or roughly 175
square miles is government
owned property (excluding
public right-of-ways and
river/waterway bottoms).
Government Authority
Acres
State of Florida*
50,847
Sarasota County
49,022
Municipal
6,879
Political Subdivision
2,295
School Board
1,935
Sarasota/Manatee Airport Authority
267
Public Hospital Board
371
Federal
340
*Includes West Coast Inland Navigation District and
SW Florida Water Management District
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Page 20
Foreclosures
Recorded Lis Pendens*
1000
900
800
700
600
500
400
300
200
100
0
2000 Base Year
2009
2010
2011
2012
2013
2014
Jan
Feb
Mar
Apr
May June
July
Aug
Sept
Oct
Nov
Dec
*Note: Not all recorded Lis Pendens lead to a foreclosure. Recorded Lis Pendens include notices of withdrawn Lis Pendens and
Governmental notices of condemnation proceedings. This data represents trending of recorded Lis Pendens only
Recorded Certificates of Title*
600
2000 Base Year
500
2009
400
2010
300
2011
200
2012
100
2013
2014
0
Jan
Feb
Mar
Apr
May June
July
Aug
Sept
Oct
Nov
Dec
*Note: Not all recorded Certificate of Titles are a result of foreclosure. This data represents trending of recorded Certificate of
Titles only.
Lis Pendens
2000 Base Year
2009
2010
2011
2012
2013
2014
Total
1,220
9,203
5,431
3,424
4,628
2,948
1,914
Certificates of Title
2000 Base Year
2009
2010
2011
2012
2013
2014
Serving Our Community with Pride and Accountability
Total
464
2,088
3,098
1,901
2,199
2,583
2,536
Page 21
New Construction
New Construction Values
Market Value
Taxable Value
% Change from
Prior Year
City of Sarasota
$104,030,394
$48,993,270
22.53%
City of Venice
$59,558,334
$52,311,694
66.00%
Town of Longboat Key
$22,995,861
$21,731,431
-18.86%
City of North Port
$58,233,514
$46,948,096
23.08%
All Sarasota County
$586,245,422
$454,840,711
29.04%
Municipality
Sarasota County Taxable Value
New Construction
$2,500,000,000
$2,000,000,000
$1,500,000,000
$1,000,000,000
$500,000,000
$0
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
Market Value New Construction – Municipalities & County
Year
City of
Sarasota
City of
Venice
Town of
Longboat Key
City of North
Port
Sarasota
County
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
$91,230,940
$469,833,291
$249,283,018
$286,390,210
$81,628,711
$16,468,000
$44,003,910
$27,382,850
$84,899,501
$104,030,394
$125,800,940
$215,654,670
$124,875,116
$80,990,954
$25,367,894
$5,504,700
$6,517,710
$16,651,450
$35,879,416
$59,558,334
$9,416,800
$17,278,000
$9,643,700
$30,913,802
$22,682,395
$1,449,900
$2,121,600
$1,626,900
$28,341,611
$22,995,861
$312,653,000
$496,820,750
$672,888,030
$254,641,311
$97,098,937
$44,235,850
$23,834,445
$22,992,000
$47,312,359
$58,233,514
$1,170,385,544
$2,010,808,537
$2,281,584,757
$1,156,765,086
$553,617,577
$170,451,100
$181,112,205
$174,669,150
$454,299,558
$586,245,422
Serving Our Community with Pride and Accountability
Page 22
Agricultural Use
Agricultural Classified Land in Sarasota County
Year
Parcels
Acres
% of Total County
Lands
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
842
870
810
837
866
901
911
944
942
943
940
121,591
117,726
115,370
115,114
108,201
107,768
108,130
104,181
103,843
102,892
101,396
33.1%
32.1%
31.5%
31.4%
29.5%
29.4%
29.5%
28.5%
28.4%
28.1%
27.7%
The downturn in acres of
land that were classified
agricultural that began in
2010 continues for 2014.
Redevelopment Areas
The Community Redevelopment Act of 1969 was created by the State Legislature so that county
and municipal governments could address the deteriorating and adverse conditions of specific
communities and neighborhoods. It allows the local government to designate a Community
Redevelopment Area (CRA) if that area meets certain criteria such as the presence of
substandard or inadequate structures, a shortage of affordable housing, inadequate
infrastructure, or inadequate parking or roadways. The purpose of a CRA is to allow a portion
of the tax dollars to be used specifically for redevelopment purposes in the designated area.
Funding of these projects begins with Tax Increment Financing (TIF), which is a method for
leveraging public dollars to stimulate private investment in the CRA district. The dollar value of
all property in the CRA is determined as of a given date and “frozen”. All tax revenues
generated from any increases in real property values (over the frozen value) are used for
redevelopment efforts in the CRA district. 1
1
SCOPE, Community Changes Redevelopment & Infill Study Group Report, spring 2004.
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Page 23
Redevelopment Areas in Sarasota County
Community Redevelopment
Areas
2014 Taxable
Value
Base Year Taxable
Value
City of Sarasota (City Value)*
$1,762,588,204
$411,676,160 (1986)
City of Sarasota (County Value)*
$1,762,787,704
$411,676,160 (1986)
Englewood (County Value)
$952,912,329
$538,174,830 (1999)
Newtown (City Value)*
$106,538,338
$176,044,120 (2008)
Newtown (County Value)*
$106,601,593
$176,044,120 (2008)
*Note: The current difference between City and County taxable value is due
to the availability of different tax exemptions for City and County.
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Page 24
Florida Counties – Taxable Value Comparison
The twenty counties with the highest Taxable Value represent over 84% of the statewide
Taxable Value.
Top 20 Florida Counties - Taxable Value
County
Total Taxable Value*
% Change
1
Dade (Miami)
$210,265,464,714
7.11%
2
Broward (Ft. Lauderdale)
$140,673,105,993
6.63%
3
Palm Beach (W. Palm Beach)
$139,466,302,899
7.12%
4
Orange (Orlando)
$90,360,817,354
7.03%
5
Hillsborough (Tampa)
$68,463,954,949
7.05%
6
Collier (Naples)
$64,597,046,689
6.51%
7
Pinellas (Clearwater)
$59,682,089,234
6.32%
8
Lee (Ft. Myers)
$58,345,325,592
6.80%
9
Duval (Jacksonville)
$49,929,110,109
5.06%
10
Sarasota
$43,458,351,313
6.63%
11
Brevard (Titusville)
$27,990,267,285
8.72%
12
Manatee (Bradenton)
$ 25,984,331,342
7.57%
13
Seminole (Sanford)
$ 25,643,774,089
5.39%
14
Volusia (Daytona Beach
$ 25,642,046,638
5.88%
15
Polk (Lakeland)
$ 25,390,830,426
5.16%
16
Pasco (Dade City)
$ 20,372,805,737
4.96%
17
Monroe (Key West)
$ 20,254,421,223
5.68%
18
St. Johns (St. Augustine)
$ 18,580,903,700
2.85%
19
Martin (Stuart)
$18,197,032,396
6.42%
20
Osceola (Kissimmee)
$ 17,713,775,850
2.96%
$1,391,611,734,036
5.98%
Statewide
*FDOR data for 2014 is preliminary only and may not reflect the final values.
Our Website – www.SC-PA.com
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Page 25
Addendum A – Ad Valorem Taxing Authorities
Abbreviation Full Description
Sarasota County
County Msqt
County Hosp
SWFWMD-Dist
WCIND
SB State Law
City Sarasota
Venice
Longboat
North Port
CC Sarasota
Villge Green
Kensngton Pk
Nokomis East
Col Terr/Gld
Glf Gate Wds
Englewood Wt
South Gate
LBK A Debt
Englwood Lt
Siesta Ky Lt
Gulf Gate Lt
LBK B Debt
Ven Gardens
Warm Min Spr
River Forest
Denham Acres
Oyster Bay
Rdgwd Estate
Shadow Lakes
So Gate Rdge
Rvervew Man
Southpointe
Forest Lakes
East Park
Overbrook Gd
Nrthgate Ctr
Ctr Gate Wd
Sarasota County
Sarasota County Mosquito Control
Sarasota County Public Hospital Board
Southwest Fl. Water Management Dist.
West Coast Inland Navigation District
School Board
City of Sarasota
City of Venice
Town of Longboat Key
City of North Port
Country Club of Sarasota Lighting
Village Green Lighting
Kensington Park Lighting
Nokomis East Lighting
Colonial Terrace/Golden Acres Lighting
Gulf Gate Woods Lighting
Englewood Water
South Gate Lighting
Longboat Key Erosion Control District A
Englewood Lighting
Siesta Key Lighting
Gulf Gate Lighting
Longboat Key Erosion Control District B
Venice Gardens Lighting
Warm Mineral Springs Lighting
River Forest Lighting
Denham Acres Lighting
Oyster Bay Lighting
Ridgewood Estates Lighting
Shadow Lakes Lighting
South Gate Ridge Lighting
Riverview Manor Lighting
Southpointe Shores Lighting
Forest Lakes Lighting
East Park Lighting
Overbrook Gardens Lighting
Northgate Center Lighting
Center Gate Woods Lighting
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Page 26
Bay Vista Bv
Clark Rd Ind
Bay Point
Phillippi Gd
So Venice Lt
Jacaranda W
Uplands
Sunrise Golf
Venetian Gdn
North Casey
Center Gate Est
Aqualane Est
Pinecraft Lt.
SCEMS
St Armands
Waterwy MSTU
Goldgate
Siesta VilPID
Downtown Imp
Bay Vista Blvd Lighting
Clark Road Industrial Lighting
Bay Point Lighting
Phillippi Gardens Lighting
South Venice Lighting
Jacaranda West Lighting
Uplands Lighting
Sunrise Golf Club Lighting
Venetian Gardens Lighting
North Casey Key Public Improvement
Center Gate Estates Lighting
Aqualane Estates Lighting
Pinecraft Lighting
Sarasota County Emergency Medical Services
St Armands Special Business Neighborhood Imp
Sarasota County Navigable Waterways Maint
Golden Gate Point Streetscape Special District
Siesta Key Village Public Improvement District
Downtown Improvement District
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Page 27
Links
Government
Sarasota County www.scgov.net
Office of Financial Planning (Economic Reports) https://www.scgov.net/Finance/Pages/default.aspx
City of North Port www.cityofnorthport.com
City of Sarasota www.sarasotagov.com
City of Venice www.venicegov.com
Town of Longboat Key www.longboatkey.org
Elected Officials
Clerk of the Circuit Court and Comptroller www.sarasotaclerk.com
County Commission https://www.scgov.net/BCC/Pages/default.aspx
Sarasota County Property Appraiser www.sc-pa.com
Sarasota County Sheriff’s Office www.sarasotasheriff.org
Supervisor of Elections www.sarasotavotes.com
Tax Collector www.sarasotataxcollector.com
Community
Visit Sarasota County www.visitsarasota.org
Community Foundation of Sarasota County www.cfsarasota.org/
Economic Development Corporation of Sarasota County www.edcsarasotacounty.com
Sarasota Associaton of Realtors www.sarasotarealtors.com
Englewood-Cape Haze Area Chamber of Commerce www.englewoodchamber.com
Greater Sarasota Chamber of Commerce www.sarasotachamber.com
Longboat Key Chamber of Commerce www.longboatkeychamber.com
North Port Area Chamber of Commerce www.northportareachamber.com
Siesta Key Chamber of Commerce www.siestakeychamber.com
Venice Area Chamber of Commerce www.venicechamber.com
Pictures shown in this report are courtesy of the Sarasota County Information Technology Department and the
Sarasota County Communications Department.
Serving Our Community with Pride and Accountability
Page 28