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The hit to North Port real estate values this year will not be as large as earlier forecast, but the recovery of those values will take longer, a new state forecast says.In November, state economists predicted a 14 percent drop in North Port homes tax base when property assessments come out July 1. But the group of economists revised their forecast this week, cutting the projected decline to 10 percent. Manatee County's forecast was similarly sliced.

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