New Port Richey Tax Rolls Down, Pasco's Are Up

While Pasco County saw its property tax base grow by about $50 million over last year, the city of New Port Richey has watched its values plunge an estimated 4.2 percent.

That’s according to the Tampa Bay Times, which says overall the county logged about a ¼ of a percent in overall tax value growth this year. The county’s property values as a whole come in around $19.3 billion.

"There's nothing to get excited about anywhere," Property Appraiser Mike Wells told the Times. "But at least Wesley Chapel and Land O' Lakes are on the plus side."

The Tampa Tribune says the growth in tax roll numbers is a first for Pasco in five years. Even so, those numbers fall far short of the 2 percent growth that had been hoped for.

New Port Richey’s loss in taxable value comes partially from the closing of Community Hospital, the Times reported.

Overall, the city’s tax rolls dropped $21 million, the Tribune said.

Do the numbers surprise you? What do you think New Port Richey should do to increase the value of property within the city? Tell us by commenting below!

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