During the month of August, the taxing authorities will mail each property owner a Notice Of Proposed Property Taxes. This statement will identify the property by Parcel Number and very brief legal description. It will list each taxing authority and itemize the actual amount of taxes for last year, the proposed amount for this year and the rollback rate if no budget change is made. At or near the bottom of the form will be your Market Value for last year, Market Value for this year, your respective assessed values for each year, your exemptions and the taxable values.
Florida’s Constitution and state law require that all assessments be made at market value. Certain homestead residential properties show an assessed value different from market value due to application of the constitutional limitation on increases as a result of “Save Our Homes.”
If you have any questions about your property’s appraisal or how it was determined, I encourage you to contact this office. A staff member will be happy to discuss your assessment with you and will be able to show you the information that led us to your property’s value. Our office maintains current records on all real estate market activities which are available for your review.
If, after meeting with an appraiser and reviewing relevant data, you still have concerns about your assessment, you have the right to file a petition with the Value Adjustment Board (VAB). Petition forms are available at the Property Appraiser’s office. The deadline for filing a petition is 25 days from the mailing of your notice. You must file on or before this date to have your appraisal considered. There will be a $15.00 fee payable at filing.
If, after meeting with an appraiser and reviewing relevant data, you have the right to file a petition with the Value Adjustment Board (VAB). Petition forms are available at the Property Appraiser’s office. The deadline for filing a petition is 25 days from the mailing of your notice. You must file on or before this date to have your appraisal considered. There will be a $15.00 fee payable at filing.
Tax rate (millage) is set by the various taxing authorities as shown on your proposed tax notice. These entities are authorized to levy taxes on real estate and tangible personal property to fund their operations and services. The tax rate is determined by dividing the taxing authority’s proposed budget by the total assessed value of all non-exempt property within the taxing district.
Taxpayers are given an opportunity through one or more public hearings on the proposed budget to comment on planned expenditures. The tax rate is based upon the final budget approved by the taxing authority following the hearing(s).
Your November tax bill is calculated by multiplying your property’s assessed value (less any exemptions) times the tax (millage) rates set by each taxing district in which your property is located.
For additional information please contact our office.