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ITEM: WELLINGTON PROPERTY TAX ROLL 2025 OVERVIEW
REQUEST: A summary overview of the Wellington 2025 Property Tax Roll will be presented.
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EXPLANATION: The 2025 Property Tax Roll reflects a stable and growing valuation base for the Village of Wellington. The analysis highlights the composition of total market and taxable values, major property categories, and broader trends that shape the Village's fiscal outlook. The information below summarizes the key points from each slide to assist in communicating the most significant findings.
Overall 2025 Tax Roll Totals
The 2025 roll containing 23,228 parcels again demonstrates Wellington's strong real estate environment. The $21.24 billion Total Market Value across all properties in Wellington's 29,207 acres continues to rise, supported by a combination of steady home values, equestrian and agricultural land value stability, and continued desirability of the community. These figures form the basis of the Village's financial capacity each year.
Top Property Categories by Market Value
The five largest contributors to the $21.24 billion Total Market Value show the diversity of Wellington's land uses:
1. Single-Family Residential remains the largest category at $11.98 billion, underscoring Wellington's identity as a residential community.
2. Equestrian & Agricultural properties total $4.50 billion, reflecting their large footprint, unique land values, and importance to Wellington's character.
3. Multifamily Residential contributes $2.50 billion, followed by
4. Commercial properties at $1.06 billion, and
5. Exempt governmental/school/religious properties at $0.65 billion.
These categories illustrate the mix of suburban, equestrian, and supporting commercial uses that define Wellington's tax base.
Top Categories by Taxable Value
When focusing on Wellington's Taxable Value of $12.95 billion-after exemptions and assessment caps-the relative weight of categories shifts considerably:
* Single-Family Reside...
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