According to the latest estimates from Property Appraiser Chris Jones, property valuations in the city of Pensacola have increased $234 million (6.9 percent) over last year’s valuations. It is the largest percentage increase in more than a decade. The previous record was last year’s 6 percent jump.
Since the maritime park opened in the spring of 2012, city property valuations have increased more than $800 million, a 27-percent increase.
The Downtown Improvement Board district valuations increased $18.4 million since the FY 2018 final.
The Westside TIF valuations jumped 40.8 percent, $12 million. From FY 2007-FY 2014, the Westside CRA lost 8.2 percent of its valuation.
The CRA went up $58.2 million, 12 percent.
For next year, Mayor Ashton Hayward is proposing the same millage rate, 4.2895, that has been in effect since FY 2012.
| FY 2018 | FY 2019 | |||
| Final | Jul 1 Est | Gain | ||
| City of Pensacola | Â 3,525,540,966 | Â 3,768,631,204 | Â Â 243,090,238 | 6.9% |
| DIB | Â Â Â Â Â 195,056,095 | Â Â Â 213,437,337 | Â Â Â Â Â 18,381,242 | 9.4% |
| Community Redevelopment | ||||
| City/County | Â Â Â Â Â 486,791,518 | Â Â Â 545,035,362 | Â Â Â Â Â 58,243,844 | 12.0% |
| DIB | Â Â Â Â Â 113,989,631 | Â Â Â 132,383,318 | Â Â Â Â Â 18,393,687 | 16.1% |
| Eastside TIF | Â Â Â Â Â Â Â 11,630,139 | Â Â Â Â Â 15,369,311 | Â Â Â Â Â Â Â 3,739,172 | 32.2% |
| Westside TIF | Â Â Â Â Â Â Â 29,635,268 | Â Â Â Â Â 41,713,366 | Â Â Â Â Â 12,078,098 | 40.8% |