Palm Coast taxable value down 6.31%

Palm Coast Observer
News

Palm Coast’s property values dropped 6.31%, according to numbers released June 1 by Flagler County Property Appraiser Jay Gardner.

Countywide, values dropped 6.19%. These numbers are part of Gardner’s 2012 estimates and based on values as of Jan. 1.

Palm Coast’s decline was slightly larger than the county’s. The 2012 estimate is $3.65 billion. In 2011, the final total taxable value was $3.89 billion. In 2010, Gardner’s final appraisal of Palm Coast’s taxable value was $4.47 billion. From 2010 to 2011, Palm Coast declined by 12.83%.

Flagler County’s 2012 total value estimate came in at $6.15 billion compared to $6.23 billion in 2011 and $7.66 in 2010. Flagler County dropped 14.28% from 2010 to 2011.

Flagler Beach dropped 5.78% — going from $480.79 million to about $453 million. Marineland’s 19% decline was the largest in the county, going from about $4.90 million to $3.94 million. All taxing agencies in Flagler County saw a decline.

The preliminary roll numbers will be released July 1. Those figures will be the numbers each taxing authority using when they set their millage rates.

For a full breakdown of this year's estimates, see the box below.