WDCA shares “Ask Lori…Parrish on Appraisal” – “Estimate of Taxable Value Increases 8.08% for Broward!”

“Ask Lori…Parrish on Appraisal”

Broward County Property Appraiser Lori Parrish Answers Your Questions…

“Estimate of Taxable Value Increases 8.08% for Broward!”

Dear Lori:

I read in the Sun-Sentinel your office released the final July 1, 2015 Taxable Value Report for Broward County and it was better than expected.  What does this mean for Broward County property owners?

B.R, Fort Lauderdale, FL (via email)

On June 29, 2015, our office released the 2015 Taxable Values Report.  This is the fourth consecutive year property tax values have risen in Broward after years of declines during the historic real estate collapse. These numbers resulted in a total countywide taxable value increase of 8.08%, and a total taxable value of $150.678 billion.  The 8.08% increase does not apply to every municipality within the county (please keep in mind the 8.08% increase represents the sum total of all taxable value in Broward County).  Some areas, such as Hallandale Beach, Coconut Creek, Fort Lauderdale and Parkland saw a taxable value increase greater than 8.08%, while Lighthouse Point, Pembroke Park, Plantation and Weston saw an increase of less than 8.08%.  To see a breakdown by taxing authority (County, Municipal, School Board, etc.), go to our website, www.bcpa.net, click on “Site Index” on the left side of the homepage, then click “2015 Tax Roll Information”, and finally “2015 July 1st Taxable Value Report.”

The numbers released on June 29, 2015 are the final numbers which will be submitted to the Florida Department of Revenue and to Broward County’s various taxing authorities for certification.  We strive to produce the most accurate tax roll possible through the use of random audits, exemption and appraisal reviews.

Residential sales from the first half of 2015 indicate property values continue to appreciate in most parts of Broward County.  Please remember the 2015 assessments reflect the values as of January 1, 2015 as set by qualified sales during the January 2, 2014 through January 1, 2015 assessment period.

In August, all Broward property owners will receive their 2015 “TRIM” Notices, or proposed property tax notices, notifying them of their 2015 property tax assessment information, exemptions, proposed tax amounts and proposed tax rates.  Theses notices also inform property owners of their rights to both challenge their property assessment and to speak out at various taxing authority hearings.

Sincerely,

Lori Parrish, CFA

If you have a question for Lori, please email her at lori@bcpa.net or write to her at the Broward County Property Appraiser’s Office, 115 South Andrews Avenue, Room 111, and Fort Lauderdale, FL 33301.  (July, 2015)

07-15AskLoriTaxableValue (doc)

07-15AskLoriTaxableValue (pdf)