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.