- April 25, 2024
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Individual estimates for homes are available at www.flaglerpa.com.
County Property Appraiser Jay Gardner reports that, according to preliminary data, Flagler County property values show a decline of 14%.
Bunnell property recorded the slightest decrease, of 11%, while Flagler Beach and Beverley Beach topped the charts with 17% each. Palm Coast showed a 12% decline.
Compared to last year’s 18% drop countywide, though, Gardner said these projections are actually a sign of life.
“I don’t want people to see this (decrease) as a bad sign,” Gardner said. “It shows that it went down less in 2011 than it did in 2010.”
Gardner said his data are typically 1.25 years behind. The current numbers are based on Jan. 1, 2010, data.
“We don’t make the market, we follow the market,” he said, noting that although short sales and foreclosures are not technically built into his projections, they reflect the greater economy and can affect property surrounding them.
Marineland recorded a value drop of approximately 59%, but that can be misleading, according to Gardner. The city has only a handful of residents, and when Marineland Dolphin Adventure was bought by Georgia Aquarium and converted to a nonprofit, the town lost about half its taxable value.
Taxes have “nothing to do with property value,” Gardner stressed. Last year, Palm Coast’s tax rate stayed the same as it was the previous year, property values fell, and many residents saw lower taxes.Those matters will be addressed by this summer’s budget workshops.
“At the end of the day ... this is reflective of our real estate market,” Gardner said. “ ... (But) there’s no doubt there are signs that things are getting better ... We have a way to go yet, but I see the light.”
Gardner also said individual property estimates are now available on www.flaglerpa.com.
Click “Search records,” accept the terms and conditions, and then search for your property or others in your neighborhood, he said. Follow instructions for searching tips. If residents feel their properties are not valued appropriately, they can contact Gardner’s office, and he will re-examine the numbers.
— Brian McMillan contributed to this report.
