Brevard property values increase 9 percent in 2018, new construction up 53 percent

Taxable property values are rising on the Space Coast, bolstered in large measure by new construction.. Wayne T. Price, FLORIDA TODAY

The taxable value of property in Brevard County has risen nearly 9 percent in the last year, a just-released report from Brevard County Property Appraiser Dana Blickley shows.

The estimated general fund taxable value of property in Brevard was $37.66 billion on Jan. 1. That’s up from $34.56 billion a year earlier.

“It has been a very active real estate market over the past few years in Brevard County,” Blickley said. “We continue to see a strong housing market, where buyers and sellers continue to take advantage of the historically low interest rates.”

The taxable value of property is a key financial indicator for county and municipal officials, as they work to establish budgets for the fiscal year that begins Oct. 1.

Blickley’s report also shows that there was $582.74 million in completed new construction added to the tax rolls this year, up more than 53 percent from the previous year’s figures of $380.11 million.

Article by

Dave Berman is government editor at FLORIDA TODAY.

Contact Berman at 321-242-3649

or dberman@floridatoday.com.

Twitter: @bydaveberman

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Check your property value

Brevard County Property Appraiser Dana Blickley has published the 2018 preliminary values of individual properties on the Brevard County Property Appraiser’s Office website, www.BCPAO.us.

All values are subject to change, pending the Florida Department of Revenue’s final approval, which should take place by July 31.

View the complete article [ HERE ]

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