MANATEE — Property values in Manatee County rose by about 4 percent his year, reflecting a reviving economy that should ease the pressure on government budget planners.
The preliminary taxable assessed value of all properties in the county is about $24.1 billion, up from last year’s figure of $23.2 billion, an increase of about 4 percent, according to Mark Johns, director of appraisal services for the Manatee County Property Appraiser’s Office.
The county’s financial planners had estimated a rise of about 3.1 percent, said Jim Seuffert, the county director of financial management.
“Considering several lean years and downsizing, it’s nice to know the values are returning,” said Nick Azzara, the county information outreach coordinator.
“Overall, it’s an indication the local economy is improving, and that’s good for everybody,” said Azzara.
Among the bright spots of increasing value were beach areas on the county’s western side and Lakewood Ranch on its eastern side, said Johns.