February 27, 2015

Property Values

Depreciation

The total value of taxable property in Hernando County fell 14% from 2009-2010

| 8/1/2010

The total value of taxable property in Hernando County fell 14% from 2009 to 2010.

$9.3 billion property values in 2009

$8 billion property values in 2010

$8 million estimated amount county government will lose in tax revenue as a result

$9.7 million amount of decline from 2009 in tax revenue for Hernando County School District

Source: Hernando County Property Appraiser

Tags: Southwest

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Gov Scott has proposed to increase funding to education, and half of those monies will come from property taxes. The debate is: A) is Scott's proposal a tax? Or, B) is Scott just using new monies that would come in because property values are increasing?

  • A) It's a tax
  • B) It's not a tax - only tapping natural increases in revenue

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