The redevelopment of Coral Springs’ downtown has fueled a 67 percent increase in year-over-year taxable property values, from around $150 million in 2023 to nearly $250 million last year, according to a new report.
The area’s taxable property value has surged 126 percent since 2002, from $66,321,640 that year to $249,727,870 in 2024, the annual report by Coral Springs Community Redevelopment Agency (CRA) shows.
The CRA is tasked with redeveloping downtown and is funded with tax dollars. The amount of funding for the agency is calculated using the dollar increase in property values since 2002.
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