X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

TAVARES, FL-Lake County Property Appraiser Ed Havill reads the morning headlines and listens to the evening television news and can’t understand the “slow economy” that broadcasters are talking about.

In his Lake County of 210,528 permanent residents, the tax roll is up for the second consecutive year, a booming 10% to $8.46 billion from $784 million the previous year. Multifamily and single-family projects helped increase the base. Developers from neighboring Orlando bang on the property appraiser’s office door regularly for county demographics.

Havill couldn’t be reached for comment at GlobeSt.com’s publication deadline but associates who work with him tell GlobeSt.com the property appraiser doesn’t see a slowdown in the county’s current growth curve.

“Almost every developer in Orlando has taken at least one look at Lake County in the past year or so and considered starting projects there,” Daryl M. Carter, president, Maury L. Carter & Associates Inc., Orlando, tells GlobeSt.com.

Among the county’s 14 cities, area brokers were not surprised to learn Clermont and Groveland in south Lake County topped the list with the greatest percentage growth because of a string of commercial and retail ventures either under construction or planned for this year and 2002.

Clermont (Pop. 16,208) is showing property value growth of $569.6 million, up 26.4% from $450.5 million. Groveland (Pop. 3,100) has a tax roll of $88.5 million, up 21.6 million from $72.8 million.

National retailers such as Home Depot, Target, Walgreen’s and Wal-Mart all plan new stores in the next 12 months in the Clermont-Groveland axis, 30 miles west of Downtown Orlando. Restaurant chains such as Tampa, FL-based Outback Steakhouse and Lebanon, TN-based Cracker Barrel Old Country Store Inc. have discovered South Lake as well.

The 640-acre, county-owned Christopher C. Ford Industrial Park has only 122 acres left to sell after nine years of lukewarm marketing by the county.

The city with the heftiest tax base is Leesburg (Pop. 15,956) with properties valued at $666.4 million, up 3.8% from $641.8 million in 1999.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt. Apartments 2020Event

Join 1000+ of the industry's top owners, investors, developers, brokers & financiers at THE MULTIFAMILY EVENT OF THE YEAR!

Get More Information
 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.