Tax roll takes a billion-dollar bump up

We’re worth more — This graph from the Volusia County Property Appraiser’s Office shows the steady increase in the value of property in Volusia County year to year, since 2014. The lighter-color bars represent the “just values,” which are supposed to approximate fair market values. Generally, however, real estate sells for more than the property appraiser’s estimate of its just value. The darker bars represent the values assigned to properties for taxing purposes.

We’re worth more — This graph from the Volusia County Property Appraiser’s Office shows the steady increase in the value of property in Volusia County year to year, since 2014. The lighter-color bars represent the “just values,” which are supposed to approximate fair market values. Generally, however, real estate sells for more than the property appraiser’s estimate of its just value. The darker bars represent the values assigned to properties for taxing purposes.

GRAPHIC COURTESY VOLUSIA PROPERTY APPRAISER

Property in county is now worth nearly $34 billion

The latest figures released by the Volusia County Property Appraiser’s Office put the taxable value of property in the county at $33.9 billion.

That’s up almost $1 billion from the estimate released in early June.

Overall, the value of land, homes, buildings and other improvements has increased 7.5 percent over last year.

“I think everyone will be pleased with the growth,” Deputy Property Appraiser Jan Cornelius said.  

Cornelius said yet another increase is possible, as some condominiums and tangible personal property may still be uncounted. The county’s final tax roll will be certified in October.

In the meantime, local governments, the School Board and hospital districts will use the July figures to plan their tax rates for next year. 

Once they know what the property they can tax is worth, officials in these agencies can set the rate of taxation required to get the income they want.

The tax values listed here are not the same as the fair market values of the real property. The Property Appraiser’s Office estimates the just value — or market value — of all real estate in Volusia County at $54.9 billion.

 — Al Everson


Volusia County’s tax base

BY THE NUMBERS 

337,000

Taxable parcels in Volusia County

$33.9 billion

The value, according to the Volusia County Property Appraiser’s Office, of property and inventory subject to property taxes

11.27

The percentage increase this year in the value of property in Deltona, which posted the largest single increase for a local government. Deltona’s tax base is now $2.37 billion.

11.11

The percentage increase over 2017 in the value of property in DeBary. DeBary’s taxable value is now $1.87 billion.

10.4

The percentage increase over 2017 in DeLand’s tax base. Taxable property in DeLand is now worth $1.76 billion.

$10 million

The increase in Lake Helen’s tax base over 2017. Lake Helen’s taxable properties are now worth $96,538,668.

6.84

The percentage increase in Orange City’s tax base over 2017. Orange City’s taxable properties are now worth $683,709,535.

$1 million

The increase in the value of taxable property in Pierson over 2017. Pierson’s tax base is now $49,741,798.

68

The percentage of taxable property in Volusia County that is residential. Commercial accounts for 15 percent, with 2 percent industrial, 1 percent agricultural and 4 percent in vacant land.

Rate this article: 
Average: 5 (1 vote)