Field Descriptions
Identification Information
Millage Group
Parcel Number
Location Address
Total Millage
Today's Date
Legal Description
Value Information
Land Value (Regular & Ag)
Assessed Value
Building Value
Exempt Value
Miscellaneous Value
Taxable Value
Total Value
Land Data
Type of Land Use
Number of Units
Unit Type
Sale Information
Book(Official Record Book)
Qualification
Page(Official Book Page)
Improved?(At Time Of Sale?)
Date(Sale Date)
Sale Price
Instrument
Building data
Bedrooms/Bathrooms
Fixture Count (Commercial)
Floor Area
Type
Effective Year Built
For your convenience, this field records the date you viewed or printed
this information.
Parcel Number
The Parcel Number or "Parcel Identification Number" is a numerical
code used for record storage that also serves as an abbreviation of the
parcel's legal description. Each number is a unique identifier for one
parcel only, yet parcel numbers in the same geographic area will have
similar numbers.
Millage Group
The Millage Group a parcel belongs to refers to the geographic area of
parcels that share the same set of taxing authorities. Taxing Authority's must hold public
hearings each year before any taxes are levied.
Total Millage
The Millage Rate identifies the total aggregate millage rate levied
for a particular parcel. Parcels in the same Millage Group will share the
same Millage Amount.
A "Mill" is a monetary unit equal to one one thousandths of a
Dollar. It is set by the representatives of a Taxing Authority
each year to fund their jurisdiction's budget. According to State Law,
budgets cannot be set without public hearings for citizen input.
If the approved Millage Rate in your area is 24.809601,
and the Taxable Value (Assessed Value minus any Exempt Value) of
your property is $50,000, then:
24.809601 times $ 50,000 divided by 1000 = $1240.48
In this example, the property tax would be $1240.48 for this parcel.
Each year, the Millage Rate is reset according to approved budget
considerations and revised assessments.
One easy way to estimate the tax is to round the Millage Rate to dollars
and times this amount by the number of "thousands" you have in taxable Value.
Millage Rate = 24.809601 mills, convert to $25.00 per thousand
of Taxable Value = $ 50,000, convert to 50.
Thus:
50 times $25 = $1250.00 (a very close estimate to $1240.48)
For further information, contact the office.
Location Address
This is the address of the property location (when available). This
address is usually created when a new building permit is issued. Many
vacant parcels have either no address or just a street name as their
location address.
Although the Property Appraiser's Office does not rely on the location
address for the indexing and locating of parcels (we use plat maps and
legal descriptions), we try to update this information on a constant basis.
Please feel free to contact this office in the case of any location
addresses that needs updating or correction. We appreciate the help!
Legal Description
This is the legal statement by which a property is identified and
described. This description is on or attached to an owner's deed.
Land (Regular & Agriculture)
This is the value that the Property Appraiser has attributed to the land
portion of your Total Value. The Land Value, along with the Building
Value and the Miscellaneous Value comprise the parcel's Total Value.
Assessed Value on properties classified as a Bonafide Agricultural use
according to Florida Law is assessed a little differently.
In this case, the law dictates that we assess
the value for tax purposes based on the capitalized income stream from
the normal market expected from the sale of an agriculture product.
This legislation was enacted to protect the full time farmer and enhance
stability in the citizen's supply of agricultural products.
Building Value
Like the Land Value, the Assessed Building Value is the value that
the Property Appraiser attributes to the building(s) that have been
built on the property.
Miscellaneous Value
This is the value attributed to any miscellaneous improvements that have
been built onto a property. This would include pools, pole barns, boat
docks, paved parking areas and similar type improvements not attached to
a building.
Total Value
This value represents the total Value of the parcel. It includes
Land Value, Building Value and Miscellaneous Value.
Assessed Value
Assessed Value only differs from Total Value on Homesteaded property
or property classified "agricultural" as specified by Florida State Law.
Assessed Value on residential property, because of a constitutional
amendment to Florida law ("Amendment 10 "Save Our Homes"), has been capped at
a yearly increase of 3% or the CPI (Consumer Price Index) which ever is
lower (The CPI in 1996 was 2.5%). Because many residential parcel's
"Total Value" may increase more than this percentage, their Total Value and
Assessed Value will be different.
Assessed Value on Commercial and Industrial properties will always show the
Just value and Assessed value as the same.
Assessed Value on properties classified as a Bonafide Agricultural use
according to Florida Law would also show a difference between the Just
Value and the Assessed Value. In this case, the law dictates that we assess
the value for tax purposes based on the capitalized income stream from
the normal market expected from the sale of an agriculture product.
This legislation was enacted to protect the full time farmer and enhance
stability in the citizen's supply of agriculture products.
In all cases, the Property Appraiser's Office maintains both a yearly
Total Value as well as a yearly Assessed Value on every parcel in the
county.
Exempt Value
Exemptions are like "credits" granted by Florida Law to be deducted from
your Assessed Value for various reasons. This reduced value will effect
the final tax bill you pay.
Some exemptions are based on property use like churches (totally exempt) and
people's homesteads (usually $25,000). Other exemptions are situational like
disabled veterans and widows & widowers. Visit the Exemptions section
of this site for more information.
Taxable Value
The Taxable Value is the Assessed Value minus the Exempt Amount.
Example
Assessed Value minus Exemption Amount = Taxable Value
72,500 - 25,000 = 47,500
In this example, the taxable value would be $47,500. If The parcel's
jurisdiction had a Millage Amount of 26.304301 mills, then:
$ 47,500 X 26.304301 divided by 1000 (to convert to dollars) = $1249.45
One easy way to estimate the tax is to round the Millage Rate to dollars
and times this amount by the number of "thousands" you have in taxable Value.
Millage Rate = $26.304301 per thousand, convert to $26.00
Thousands of Taxable Value = $ 47,500, convert to 48.
Thus:
48 times $26 = $1248.00 (a very close estimate to $1249.45)
For further information, contact this office.
Book (Official Record Book)
This number is the official record book at the County Clerk's Office
where the deed for this transaction was recorded. The Book and it's
corresponding Page number will enable you to quickly find the documents
recorded about that particular sale transaction in the County's vast
archive of records.
Page(Official Record Page)
Like the Official Record Book information, the page number tells us
where in that particular record book that the documents relating to this
sale transaction will be found.
Sale Date
This is the date that the transaction took place. The Sale Date is very
Important to the Property Appraiser's Office because the real estate
market is known to change dynamically over time.
Instrument
Instrument refers to the kind of legal Instrument that was used to transfer
the parcel. For example, most open market transactions are executed by
Warranty Deed (WD), while most transfers of ownership within families are
done by Quit Claim (QC)deed. There are several ways to transfer property.
The Property Appraiser's Office records the type of instrument for use
when analyzing the real estate market.
Qualification
Because the Property Appraiser's Office uses actual sale transactions when
analyzing property values in using the comparable sales method of
valuation (one of the methods used in considering value), it is important
that we use only sales that represent an "arms length" transaction. That
is - a sale of property between a knowledgeable buyer and a knowledgeable
seller with no undue influence that may have affected the price.
The sale Qualification applied by this office makes no judgement value about
the parcel's sale transaction except to say that we will or will not use it
in our analysis because the sale price "may" have been affected by
some other influence besides the fair market price.
For example, a parcel sold by parents to their children "may" have been
sold for a price lower than the parents could have gotten on the open
market. A seller who agrees to finance the sale to the buyer personally,
is more likely to sell at a higher price than the market because of the
extra service, and the buyer more likely to pay it for the same reason.
In both of these cases, we would choose not to use these sales for
analytical purposes because they may not accurately represent the market.
Improved?(at time of sale)
This field tells you if the parcel was vacant or improved when the
sale transaction took place.
Sale Price
This is the indicated sale price of the transaction. Deed Analysts from
the Property Appraiser's Office consider the data on the transfer
documents to ascertain the sale price. Many times this is accomplished
by dividing the documentary taxes paid at closing by the Documentary
tax rate (.007) .
For example, a sales transaction with documentary taxes of $598.50
paid at closing would indicate a sale price of $85,500 .
$ 598.50 divided by .007 = $ 85,500
The Deed Analyst also checks the transfer amount in the case of
atypical situations like partial transfers and multi-parcel sales.
Many transfers not based on the transfer of money (like gifts, or
probate), show a sale price of $100. This is because the minimum
documentary amount according to state law is 70 cents, resulting
in an indicated $100 sale price using the division method.
Land Use
This is highest and best use a parcel could expect to be used for at
the present time. Potential use depends on the prevailing use and zoning
laws to determine its utility. The potential allowed use of a parcel
is a major consideration in the estimation of value.
It is not uncommon to see a property being used for a purpose other than
its highest and best potential. Consider the case of a 30 year old house
that sits on a prime parcel of commercial land. The knowledgeable buyer
would not consider this property a residential parcel nor would a
knowledgeable owner sell it as such. On most properties, however, the
existing land useage is the highest and best use.
The Property Appraiser's Office lists each land use for all sections
of the parcel.
Number of Units
The number of units refers to the amount of land for each section described
in our records. Residential units may be quantified as "front Feet", "lot"
or "acres" while commercial may be in "square feet" or "units buildable".
the Property Appraiser chooses the most appropriate unit of measure
indicated by the particular parcel's situation.
Unit Type
This is the unit of measure used to describe the parcel. In most
cases this is a size measure like acres and square feet. Other units types
may be more appropriate for estimating certain parcel's value like front
feet, lots and units buildable. The data in this field refers to the unit
of measure currently being used to describe the parcel.
Improvement Type
This describes the type of building (or Improvement). Although there
could be many buildings on a single parcel, there will only be one
Improvement Type per building. Examples of Improvement Types would include
Single Family Residences, Mobile Homes, Multi-family and Condominiums
to name just a few.
Bedrooms/Baths
The number of bedrooms in a residential structure.
Number of Bathrooms in a residential structure. A full bath
would have a minimum of 3 fixtures (shower or tub, sink and toilet).
Total Floor Area
This is the size in square feet of the Buildings total area being described in the section.
Effective Year Built
This is the usually the same as the year we have on record as the year the structure was first built.
In some cases, we move this date up to account for major rehabilitation & remodeling or structural
upgrades.
Fixture Count (Commercial)
In commercial structures, it is more appropriate to count plumbing fixtures
instead of bathrooms. This fixture count may include several bathroom stalls
in a large mall or dozens of utility sinks at a factory.