For homesteaded property, the property appraiser computes the Save Our Homes savings and computes the assessed value of the property for taxation purposes. What is important to remember is that the property appraiser does not create value.
People make value by buying and selling real estate in the market place.
The property appraiser has a legal responsibility to study those transactions and appraise your property accordingly. 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. The G.I.S. system is updated daily to reflect new changes to the land in Palm Beach County. This information is also used to analyze property data and gives appraisers yet another tool for comparing similar properties. At least once every three years, an appraisers will visit and inspect each property, as required by Florida law.