Let's not dwell on this point, but Jim Ford, C.F.A., the Property Appraiser for Brevard County just released the preliminary tax roll for 2009.
The county wide market value is $59.2 billion for 2009 which is a decrease of $9.3 billion from 2008. Of course much of this is attributable to the declining real estate market and in particular the decline of new construction. In 2007, new construction added 1.8 billion to the tax rolls and in 2009 just 444 million. Wow, that's the lowest since 1999!
I would offer that the silver lining in this cloud is a reduction in property taxes, but chances are, if there is a reduction, it will be minor.
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