We update these tables each year, building our rates from a combination of national construction cost manuals and local construction costs. Before finalizing them, we compare value calculations to prices of newly constructed homes, calibrating our computer model to the specific real estate market here in Volusia County. Upon finalization of our rates, we input the new tables and recalculate the values of all properties in the county. The appraisers view vacant land sales, improved sales and look at composite statistics on both. The resulting tax roll valuations each year have been viewed and reviewed by our staff with the intent of providing high quality values with a high degree of fairness and equity between individual properties and property types.
Every taxpayer has a right to disagree with our valuations.
As stated above, we value almost 300,000 properties each year and will make some mistakes on some of them. We do, however, encourage everyone to call us at one of our four offices when you think we have made a mistake. Many of those can be corrected during the year and do not require the trouble of filing a VAB Petition. The option of whether or not to file a Petition is always that of the taxpayers. The clerk to the Value Adjustment Board will schedule your appearance before the special master on your petition.