Clay taxable values up 13%

BY DAN HILDEBRAN

ClayCivic.com Publisher

Clay County Property Appraiser Tracy Drake said the 2023 taxable value of all properties in the county is estimated at approximately $16.5 billion – an annual increase of more than $1.9 billion, or 13% from the 2022 assessment roll.

“The statutory date for the 2023 assessment roll is January 1, 2023,” Drake said in a news release. “Therefore, the overall increase in value is a reflection of the upward direction the real estate market has taken during 2022.”

The appraiser added that although market values have increased to record levels, the assessed values of properties with an existing homestead exemption will be limited to a 3 percent increase (excluding any additions or improvements), and non-homestead residential and commercial properties will be limited to a 10% increase due to constitutional amendments passed by voters in 1992 and 2008, respectively.