Citrus County Certifies 2025 Property Values: Growth Continues with Steady Stewardship 

CITRUS COUNTY, FL – The Citrus County Property Appraiser’s Office has officially certified the preliminary taxable values for 2025, effective July 1. This annual milestone, required by Florida law, lays the foundation for local governments to build their budgets for the upcoming fiscal year. 

The values, based on market conditions as of January 1, reflect another year of investment, development, and steady population growth in Citrus County. While the upward trend in values continues, this year’s increase represents a slightly more measured pace than in previous years. 

The 2025 tax roll shows an 8.119 percent increase in countywide taxable value compared to last year. Though still a strong figure, it signals some stabilization in certain market sectors. For example, the School Board’s taxable value rose by 7.125 percent, a slightly lower figure that reflects its closer alignment with real-time market movements. Other taxing authorities, by contrast, are subject to constitutional exemptions and assessment caps that moderate year-over-year changes. 

Property Appraiser Cregg Dalton attributed the continued growth to a combination of completed commercial and mixed-use development projects, ongoing strength in residential construction, and the impact of Florida’s recapture rule, which allows assessed values to gradually align with market trends even when prices level off. He emphasized that while growth is continuing, it is doing so in a more sustainable, balanced way. 

The certified market value for the county stands at $29 billion, with a taxable value of $16.12 billion. Net new construction contributed $526 million to the roll. The office is currently tracking 148,166 real property parcels and 7,261 tangible personal property accounts.

Dalton was quick to point out that an 8.119 percent increase in taxable value does not mean every property owner will see their tax bill rise by that same amount. In fact, most homeowners—especially those with homestead exemptions—will see only modest changes, thanks to state protections such as the Save Our Homes cap, which limits increases in assessed value for homesteaded properties to 2.9 percent for 2025. Non-homesteaded properties are also shielded under Amendment One, which caps assessment increases for non-school levies at 10 percent. 

“These protections matter,” Dalton said. “They ensure that even when values climb, the impact to individual homeowners remains steady and fair. We believe in protecting our residents while keeping our assessments accurate and transparent.”

Looking ahead, the next key milestone will occur on August 15th, when all property owners receive their Truth in Millage (TRIM) notices. These notices provide a breakdown of just value, assessed value, proposed tax rate, and an estimated tax bill. Dalton encourages residents to review their notices carefully and to take advantage of the 25-day informal review period that follows. 

“This is when your voice really matters,” he said. “The TRIM notice is NOT a bill—it’s an opportunity to ask questions, request a review, or simply learn more about how your taxes are determined. Our staff is ready to help, and many questions can be resolved without the need for formal hearings.” 

Dalton also reminded residents that if they missed the deadline to apply for homestead or other exemptions, they can still file during the informal review window without needing to submit a formal petition. 

As required, the certified values have also been submitted to the Florida Department of Revenue for review. Local taxing authorities will now hold public hearings to adopt final millage rates and budgets—hearings that are open to all residents and listed on the TRIM notices. 

“We’re proud of the role we play in helping our community grow wisely and fairly,” Dalton said. “Whether you’ve lived here for 30 years or just moved in last week, our job is the same—to serve you with clarity, compassion, and professionalism.” 

For more information or to schedule a value review, residents are encouraged to contact the Citrus County Property Appraiser’s Office at (352) 341-6600 or visit www.citruspa.org.