
Frequently Asked Questions
Q.
When will I first know the Proposed Amount of My Tax Bill?
A. The
Property Appraiser sends a Truth in Millage (TRIM) Notice
to all property
owners as required by law, usually in August of each year. This notice is
very important. You will recognize it by the "DO NOT PAY - THIS IS NOT A
BILL" statement on the envelope and document.
The TRIM Notice tells you the taxable value of your property and provides information on proposed millage rates and taxes as estimated by each Brevard County taxing authority which includes the County Commission, School Board, Cities, etc.
The TRIM Notice also gives you information on proposed millage rates and taxes as estimated by your county taxing authorities. It also tells you when and where these authorities will hold public meetings to discuss tentative budgets and set your final tax millage rates.
Q. Who decides the
amount of my property taxes each year?
A. The tax rate (millage) is set by the various taxing authorities
including the County Commission, Cities, School Board, and Special Districts all
of which are authorized by law to levy taxes on real estate and tangible
personnel property to fund their operations and services.
As part of their budget process, these taxing authorities set millage rates based upon their determination of what services are needed. They set the rate by dividing their total budget by the taxable value of all property within the taxing district
Q. How is my property
tax determined?
A. The November tax bill you receive from
the Tax Collector is calculated by multiplying your property's taxable value
(appraised value less any exemptions) times the millage (tax) rate set by each
taxing district in which your property is located.
Q. What information is required in order to
qualify for homestead exemption?
A. The form used for this purpose can be easily reviewed by clicking here.
The requirements are listed thereon. You may
wish to print a copy of the form to be sure you have all the necessary information in hand
when you visit any one of our offices. Also visit our Exemptions
page.
Q. Why is the valuation on my home prepared
by my insurance company lower than the market value placed on my property by the Property
Appraiser's Office?
A. Probably because the appraisals for insurance purposes do not include the land
value or foundation cost for the improvement.
Q. What is the difference between market,
assessed, and taxable values?
The market value is the most
probable selling price, based on the actual sales of similar properties, less
the typical costs of sale.
The assessed value may be less than the market value if the property is a residential property having homestead exemption and is therefore protected by the "Save Our Homes" Constitutional assessment limitations.
The taxable value is the assessed value less any applicable exemptions.
Q. I paid $120,000 for my property four years
ago and the market value assessed on my property is $140,000. How can this be?
A. The $140,000 reflects changes that have occurred in the real estate
market over the last several years. Other sales of similar properties have taken
place that indicate the market value of your property has increased. You are
probably not aware of this if you have not consulted a real estate agent and have no
interest in selling your property. However, the current market conditions must be
reflected in the market value assessed for ad valorem tax purposes as required by State
Law.
Q. Why did the market value on my property
increase so much in one year?
A. It is likely that your property has not been re-assessed in a few years
due to the fact that there were insufficient market transactions to verify that an
increase was previously warranted. Sometimes, it takes several years for a
sufficient number of sales to take place to clearly indicate a significant movement of
market values, either up or down. Also, the previous market value allowed for some
tolerance before an adjustment would be warranted.
Q. The market value of my property went down
(or stayed the same) from the prior year, yet my assessed value increased, why?
A. Prior year(s) increases in your assessed value were limited by
Constitutional Amendment 10 (Save Our Homes) and therefore a
difference developed between your assessed value and the actual, true market value.
The Florida Department of Revenue proposed an Administrative Rule which requires the assessed value to be increased annually as long as it is lower than the market value. That Rule was adopted by the Governor and Cabinet, sitting as the Administrative Commission, over the objections of Property Appraiser Jim Ford and other property appraisers.
Q. How can my property be assessed at
$100,000 when I only paid $75,000 for it three years ago?
A. Market prices paid for similar/comparable homes within your geographic
market area have risen over the last three years and such must be reflected for all
properties, not just those which have sold.
Q. Why are my taxes increasing when my
assessed value on my home has not increased?
A. This occurs when one or more taxing authorities have increased the tax
millage rate to raise additional tax revenues, or increased their special non-ad valorem
assessment fees on your property.
Q. What is your responsibility to me as
a user of information on the web site?
A. The information provided by or through the Brevard County Property Appraiser's
Office's (BCPAO) website is provided "As is", "As
Available," and all warranties expressed or implied are disclaimed,
including but not limited to the disclaimer of any implied warranties of merchantability
and fitness for a particular purpose. The BCPAO's sole and entire maximum
liability for any inaccurate information, for any reason, and the user's sole
and exclusive remedy for any cause whatsoever, shall be limited to the amount
paid by the user for the information received (if any). The BCPAO is not
liable for any indirect, special, incidental or consequential damages (including
damages for loss of business, loss of profits, litigation, or any other similar
damage), whether based on breach of contract, breach of warranty, tort
(including negligence, product liability or any recognized legal authority) even if
advised of the possibility of such damage. The limitations of damages set
forth herein are fundamental elements of the basis of the bargain between the
BCPAO and any user using this website for any purpose, as the BCPAO could
not provide this website and the information provided by it without these stated
limitations. No representations, warranties or guarantees, express or
implied, are made as to the accuracy, adequacy, reliability, correctness,
completeness, suitability or applicability of the property records and
mapping data herein to a particular situation, or for their use or
interpretation by the User. The Brevard County Property Appraiser
assumes no liability for any damages, losses, costs or expenses, including but
not limited to attorney's fees, arising from any User's use or misuse of the
property records or mapping data provided herein. Furthermore, all
responsibility and liability for any damages caused by viruses contained within
the files of this website are disclaimed.
Copyright © 1997 Brevard County Property Appraiser. All rights reserved.
This page last modified on: 06/18/04