Posted in: Real Estate Taxes on July 26th, 2011

Under Florida law, all property is to be appraised at market value every year. The Leon County Property Appraiser has no authority to hold valuations steady from year to year. The Property Appraiser’s valuations are audited each year by the Florida Department of Revenue.

Real property is said to be the land and all things attached to the land. Under Florida law, all property is to be appraised at market value annually. The Leon County Property Appraiser has no authority to hold valuations the same from year to year.

The Leon County Property Appraiser uses cost, income, and market information to determine the value of property. Residential property is primarily appraised based on the market-value approach.

If you pay a lot more for the property than the appraised value, it will not necessarily increase your appraisal right away. A single sale will not generate a reappraisal of a neighborhood and not of your property alone. If your sale price is much higher or lower than the appraised value, they may review your property for errors in their data.

If you do not agree with the Leon County Property Appraiser’s appraisal value of your property, you can dispute it with their office. Each year, during the latter part of August, every property owner is mailed a Notice of Proposed Property Taxes indicating their value and proposed taxes. Taxpayers have twenty five days to informally confer with their staff regarding this value. If there is a disagreement that cannot be resolved, the taxpayer may file a petition with the Value Adjustment Board seeking relief. Petitions are available in the office of the Leon County Property Appraiser.

If they say your property’s market value is greater than what you reasonably believe you can sell it for, then contact the Leon County Property Appraiser’s Office at 850-488-6102. If you have a question about your proposed property taxes, contact your taxing authorities. Each taxing authority will hold public hearings. The date and time of the hearing will be on your TRIM notice.

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