The 'market' value of real property is based on the current real estate market. Finding the 'market' value of your property means discovering the price most people would pay for your property in its current condition. Determining fair and equitable values is the only role this office performs in the taxing process. It is important to remember that the Property Appraiser does not create value.
People create value by buying and selling real estate in the open market place.
The Property Appraiser has the legal responsibility to study those transactions and appraise your property accordingly. The Property Appraiser also tracks ownership changes, maintains maps of parcel boundaries, keeps descriptions of buildings and property characteristics up to date, accepts and approves applications from individuals eligible for exemptions and other forms of property tax relief, and, most importantly, analyzes trends in sales prices, construction costs, and rents to best estimate the value of all assessable property. All this must be done economically - for less than a tenth of what it would cost you to hire someone to independently appraise your property. At least once every three years, one of our appraisers will visit and inspect each property as required by Florida law. However, individual property values may be adjusted between visits in light of sales activity or other factors affecting real estate values in your neighborhood.