Manatee property values rise by almost 7 percent

Posted by MARC R. MASFERRER on June 2, 2014 

By SARA KENNEDY

skennedy@bradenton.com

MANATEE — The taxable value of all property in Manatee County has increased 6.76 percent, to almost $25.8 billion, according to an estimate from the Manatee County Property Appraiser’s office.

The total taxable value went up from $24,130,431,399 last year to $25,762,257,122, said Mark Johns, director of appraisal for the county property appraiser’s office.

“This is just another year the market has continued to improve, and the county is seeing a steady influx of growth again,” Johns said Monday

“We’re seeing it in new permits being pulled, we had over 2,000 new homes put on the tax rolls for 2014, so there’s good, steady growth again in Manatee County,” he said.

Overall, the value of properties in Manatee County as a whole have increased more in areas like Anna Maria Island and East Manatee, while places like Bradenton and Palmetto have gone up the least, said Johns.

“It’s indicating the growth, most of the growth, is in East Manatee,” he said. “We’ve had $220 million worth of new construction in the East Manatee area.”

Governing entities will use taxable values in their respective areas to set their tax rates and budgets later this year.

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