Record Card TermsParcel Number
Millage Group
Millage Rate
Mailing Address
Short Legal
Land Value
Improvement Value
Just Value
Assessed Value
Exemption Value
Taxable Value
Type of Property Use
Book(Official Record Book)
Page(Official Book Page)
Date(Sale Date)
Improved?(At Time Of Sale?)
Sale Price
Effective Year Built
Total Area
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. Visit our Tax Authority page to see a list of
the jurisdictions that effect each group. Taxing Authority's must
hold public hearings each year before any taxes are levied.
Millage Rate
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 by1000=$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,
convert to $25.00
Thousands of Taxable Value = $
50,000, convert to 50.
Thus:
50times$25=$1250.00
(a very close estimate to $1240.48)
Mailing Address
This is
the legal mailing Address as specified by the owner.
Short 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 Value
This is the value that the Property Appraiser has attributed to the land portion of your total Just Value. The Land Value, along with the Improvement Value, comprise the parcel's Total Just value.
Improvement Value
Like the Land Value, the Improvement
Value is the value that
the Property Appraiser attributes
to the building(s) and all other miscellaneous improvements that have been
built on the property.
Just Value
This value represents the total
"Just Value" of the parcel. It includes Land Value and Improvement Value.
Assessed (Assessed Value)
Assessed Value only differs from Just 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 property's "Just Value" may increase more than
this percentage, their Just 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 Just Value as well as a yearly Assessed
Value on every parcel in the county.
Exemption (Exemption 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 amount,
after all legal classifications
and exemptions have been applied,
that the approved millage in your jurisdiction(s) is levied against.
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, 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,
convert to $26.00
Thousands of Taxable Value = $
47,500, convert to 48.
Thus:
48times$26=$1248.00
(a very close estimate to $1249.45)
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.
Date (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.
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.
Property Use
The Property Type or Property
Use describes the actual utilization of a property. In the case of more
than one use, the dominant use of the parcel is described.
Effective Year Built
This is the many times the Actual Year the particular building was completed. In the case of an older building being renovated, a newer year would be assigned to this property that would more equitably reflect it's age in depreciated years. This is know as the Effective Year Built.
Floor Area
This is the size in square feet of the buildings area.