{"id":9765,"date":"2012-07-03T10:50:00","date_gmt":"2012-07-03T14:50:00","guid":{"rendered":"http:\/\/stateimpact.npr.org\/florida\/?p=9765"},"modified":"2012-07-03T14:16:30","modified_gmt":"2012-07-03T18:16:30","slug":"9765","status":"publish","type":"post","link":"https:\/\/stateimpact.npr.org\/florida\/2012\/07\/03\/9765\/","title":{"rendered":"County Officials See Signs Florida Property Values Are On The Rise"},"content":{"rendered":"<div id=\"attachment_9772\"  class=\"wp-caption module image right\" style=\"max-width: 300px;\"><a href=\"http:\/\/stateimpact.npr.org\/florida\/2012\/07\/03\/9765\/foreclosures-account-for-40-percent-of-home-sales-in-miami-dade-county-during-third-quarter\/\" rel=\"attachment wp-att-9772\"><img decoding=\"async\" loading=\"lazy\" class=\"size-medium wp-image-9772\" title=\"Foreclosures Account For 40 Percent Of Home Sales In Miami-Dade County During Third Quarter\" src=\"http:\/\/stateimpact.npr.org\/florida\/files\/2012\/07\/107377254-300x200.jpg\" alt=\"\" width=\"300\" height=\"200\" srcset=\"https:\/\/stateimpact.npr.org\/florida\/files\/2012\/07\/107377254-300x200.jpg 300w, https:\/\/stateimpact.npr.org\/florida\/files\/2012\/07\/107377254.jpg 594w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/a><p class=\"wp-media-credit\">Joe Raedle \/ Getty News Images<\/p><p class=\"wp-caption-text\">A bank owned sign is seen in front of a foreclosed home on December 7, 2010 in Miami, Florida.<\/p><\/div>\n<p>The Florida real estate market is showing signs it has finally hit bottom, which is good news for schools suffering budget cuts due to a declining property tax base.<\/p>\n<p>Martin County officials reported the county&#8217;s property tax base declined 1 percent last year. That&#8217;s less than county officials expected and the smallest decline in five years.<\/p>\n<p>It could mean more money in the state budget too.<\/p>\n<p>Of the $1 billion in new funding Gov. Rick Scott proposed for schools this year, <a href=\"http:\/\/stateimpact.npr.org\/florida\/2012\/01\/13\/inside-gov-scott%E2%80%99s-1-billion-education-plan\/\">$220 million was replacing declining property tax revenue<\/a>.<\/p>\n<p><!--more--><\/p>\n<p>Even in counties where the tax base is still declining, officials believe the turnaround is close.<\/p>\n<p>&#8220;I think most of the foreclosures will have been flushed through the system,&#8221; Hillsborough County Administrator <a href=\"http:\/\/www.tampabay.com\/news\/localgovernment\/proposed-hillsborough-county-budget-includes-raises-for-some-workers-no\/1236812\">Mark Merrill told the <em>Tampa Bay Times<\/em><\/a>. &#8220;Commercial is starting to recover. Jobs are coming back.&#8221;<\/p>\n<p>And home prices in Orange County, near Orlando, have risen<a href=\"http:\/\/www.tampabay.com\/news\/localgovernment\/proposed-hillsborough-county-budget-includes-raises-for-some-workers-no\/1236812\"> between January and June<\/a>. Fewer homes are also on the market, according to real estate data.<\/p>\n<p>The Case-Shiller housing index shows since 2007 prices are down about <a href=\"http:\/\/ycharts.com\/indicators\/case_shiller_home_price_index_miami\">44 percent in Miami <\/a>and <a href=\"http:\/\/ycharts.com\/indicators\/case_shiller_home_price_index_tampa\">40 percent in Tampa<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Florida real estate market is showing signs it has finally hit bottom, which is good news for schools suffering budget cuts due to a declining property tax base. Martin County officials reported the county&#8217;s property tax base declined 1 percent last year. That&#8217;s less than county officials expected and the smallest decline in five [&hellip;]<\/p>\n","protected":false},"author":31,"featured_media":9772,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[17],"tags":[1036,1023,1133],"acf":[],"_links":{"self":[{"href":"https:\/\/stateimpact.npr.org\/florida\/wp-json\/wp\/v2\/posts\/9765"}],"collection":[{"href":"https:\/\/stateimpact.npr.org\/florida\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stateimpact.npr.org\/florida\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stateimpact.npr.org\/florida\/wp-json\/wp\/v2\/users\/31"}],"replies":[{"embeddable":true,"href":"https:\/\/stateimpact.npr.org\/florida\/wp-json\/wp\/v2\/comments?post=9765"}],"version-history":[{"count":1,"href":"https:\/\/stateimpact.npr.org\/florida\/wp-json\/wp\/v2\/posts\/9765\/revisions"}],"predecessor-version":[{"id":9775,"href":"https:\/\/stateimpact.npr.org\/florida\/wp-json\/wp\/v2\/posts\/9765\/revisions\/9775"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/stateimpact.npr.org\/florida\/wp-json\/wp\/v2\/media\/9772"}],"wp:attachment":[{"href":"https:\/\/stateimpact.npr.org\/florida\/wp-json\/wp\/v2\/media?parent=9765"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stateimpact.npr.org\/florida\/wp-json\/wp\/v2\/categories?post=9765"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stateimpact.npr.org\/florida\/wp-json\/wp\/v2\/tags?post=9765"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}