DAYTONA BEACH SEES GROWTH IN TAXABLE PROPERTY
CITYWIDE AND CRA TRENDS According to the Property Appraiser’s early estimates, Daytona Beach’s citywide taxable value is projected to grow from approximately $9.48 billion in 2024 to $10.44 billion in 2025, marking an increase of over $954 million or 10.07%. According to the report, the value of new construction was $547.8 million, up more than 43% from last year. Daytona Beach includes five Community Redevelopment Areas (CRAs), which are specially designated districts where incremental tax revenue is reinvested locally to encourage revitalization, economic development and infrastructure improvements.
VALUES, ACCORDING TO PRELIMINARY ESTIMATES The Volusia County Property Appraiser’s Office has released its preliminary estimates for 2025 taxable values, showing a nearly 10.1% increase in property values across properties in Daytona Beach. WHAT IS TAXABLE VALUE? Taxable value is the portion of a property’s assessed value that is subject to property taxes. After exemptions such as homestead or disability exemptions are applied, the remaining value, called the taxable value, is used by local governments to calculate property tax bills.
Continue reading by visiting DaytonaBeach.gov/TaxableValues
Photo Source: Castle Bay Design Studio
DESIGN FOR DAISY STOCKING PARK WINS TOP AWARD Castle Bay Design Studio, a St. Augustine-based firm, earned top honors from the Florida Planning & Zoning Association (FPZA), receiving the 2024 Award for Outstanding Development Design Excellence for its transformative redesign of Daisy Stocking Park in Daytona Beach. The award was presented during the FPZA’s 72nd Annual Awards Banquet. Castle Bay’s design breathed new life into the four-acre community space at 555 Dr. Mary McLeod Bethune Blvd. Highlights of the redesign include:
• A dramatic gateway entrance featuring custom artwork and inviting pathways • Multiple pavilion structures and engaging play spaces tailored for all ages
• Enhanced lighting, lush landscaping, upgraded sidewalks and seamless park connectivity Revealed to the public in April 2024, Daisy Stocking Park was restored with generous grants, including $1 million from the African‑American Cultural & Historical Grant program and $330,000 from the Daytona Beach Racing & Recreational Facilities District. Since reopening, it has hosted community concerts and events, making it a focal point for gatherings in Midtown.
^ 2024 Award for Outstanding Development Design Excellence
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