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Sunseeker valuation, market inventory rise and storm losses cited at Charlotte County budget workshop
Summary
Staff told commissioners Sunseeker’s taxable value after a magistrate review is $303 million and presented data showing a recent jump in market inventory; staff also estimated Helene and Milton could remove about $650 million in assessed value, creating an estimated $4 million ad valorem revenue loss this year.
Charlotte County budget staff told commissioners at the March 6 workshop that Sunseeker’s taxable value after special‑magistrate review is $303,000,000 and that staff verified that figure with the property appraiser’s office.
Francine Lizzby said a new inventory slide for 2024 shows housing market inventory has jumped over the last four months, which may be shifting the market toward a buyer’s market. Commissioners discussed how storm‑damaged…
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