Palm Coast, Flagler County, and Flagler Beach Taxable Property Values Down from 2007
Now it’s up to the taxing authorities to deal with; reduced services, increased millage, or both.
Palm Coast, FL – June 2, 2008 – Flagler County Appraiser, Jay Gardner, filed preliminary 2008 tax rolls today. Not surprisingly, Flagler County’s total taxable value went down as it did in Palm Coast and Flagler Beach. New construction could not make up for last year’s decline in property value. Jay’s figures take into account new construction, the decrease in property values, and the effect of amendment 1 which increased the exemption by $25,000 for the non-school tax portion, as well as the effect of portability. Figures are based on sale prices of properties in 2007.
-
Flagler County’s taxable value dropped by $1.3 billion, or 8.9%
-
Palm Coast’s taxable value dropped by 13.3%
-
Flagler Beach lost 13.6% in the taxable value of its real estate
Time to get lean and green
This is exactly what was expected and will cause the county to rethink the budget once again. The city of Palm Coast has much it can trim back, like selling the Gulf course it took off the tax rolls. The head count in the city government can be reduced on the management end by eliminating the slackers. The fleet of city vehicles needs to go Hybrid or electric.