Under Florida law, all property must be appraised at market value annually. 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 defined as 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 steady from year to year.
The Leon County Property Appraiser utilizes 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 more for the property than its appraised value, it will not necessarily increase your appraisal immediately. One sale will not generate a reappraisal of an entire neighborhood and not of your property alone. If your sale amount is significantly higher or lower than their appraised value, they may review your property for errors in their data.
If you disagree with the Leon County Property Appraiser's opinion of your home's value, you have a recourse option with their office. Annually, during the latter part of August, each property owner is mailed a Notice of Proposed Property Taxes indicating their appraised value and proposed taxes. Taxpayers have 25 days to informally confer with the staff regarding this value. If there is a dispute 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 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 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.
Real property is defined as 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 steady from year to year.
The Leon County Property Appraiser utilizes 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 more for the property than its appraised value, it will not necessarily increase your appraisal immediately. One sale will not generate a reappraisal of an entire neighborhood and not of your property alone. If your sale amount is significantly higher or lower than their appraised value, they may review your property for errors in their data.
If you disagree with the Leon County Property Appraiser's opinion of your home's value, you have a recourse option with their office. Annually, during the latter part of August, each property owner is mailed a Notice of Proposed Property Taxes indicating their appraised value and proposed taxes. Taxpayers have 25 days to informally confer with the staff regarding this value. If there is a dispute 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 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 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.
About the Author:
Joe Manausa, MBA owns and manages the CENTURY 21 real estate office in Tallahassee and provides market intelligence for the Tallahassee housing market. He has produced several articles on the Leon County Property Appraiser and provides great advice for reducing your property taxes.. This article, How The Leon County Property Appraiser Determines A Value Of Your Home has free reprint rights.