Dan Sowell, CFA Property Appraiser
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Transcript of Dan Sowell, CFA Property Appraiser
Dan Sowell, CFA Property Appraiser
Contact Information
860 W. 11th Street
Panama City, FL 32401
(850)248-8401
baypa.net
WHAT WE DO…
Responsibilities of the Property Appraiser
•To locate, identify, and accurately appraise all properties subject to ad valorem taxes.•To maintain property value roll equity and fairness.•To process allowable exemptions.
WE MEET OUR RESPONSIBILITIES BY:
•Conducting Frequent Reappraisals.
•Hiring and Retaining a Professional Staff.
•Making Market Data Available.
•Keeping Property Owners Informed.
WHAT WE DON’T DO…
The Property Appraiser has NO jurisdiction or responsibility for district budgets, tax rates, special assessments, or determining the amount of taxes you pay. These matters are handled by the various taxing authorities; i.e. the county government, city government, school board and other taxing districts.
BAY COUNTY TAXING AUTHORITIES
2011 MILLAGE RATES/ TAXES…
NON MUNICIPAL TAXING AUTHORITIES
TAXING AUTHORITY 2011 MILLAGE RATE
Bay County Commission
3.6500
School Board 7.1180
Fire Districts 1.0000
Water Management District
.0400
Mosquito Control .1525
Basic County Rate 11.9605
CITY LIVING
CITY BASIC COUNTY RATE
ADD CITY MILLAGE
ADD BEACH MOSQUITO CONTROL
TOTAL 2011 MILLAGE RATE
Parker 10.9605 - - 10.9605Springfield
10.9605 10.9605
Panama City Beach
10.9605 .1438 10.9518
Callaway 10.9605 2.7324 13.6929Lynn Haven
10.9605 3.0887 14.0492
Panama City
10.9605 3.9095 14.8700
Mexico Beach
10.9605 4.7300 15.6905
PC DIB 10.9605 6.7533 17.7138
MILLAGES BY LOCATION
Sprin
gfield
Pana
ma City
Bea
ch
Count
y
Callaw
ay
Lynn
Hav
en
Pana
ma City
Mex
ico B
each
PC D
IB0
4
8
12
16
ESTIMATING PROPERTY TAXES
Basic FormulaTaxable value/1000*millage rate=taxes
Example of house located in Lynn Haven with taxable value of $100,000$100,000/1000=100 X 14.0492(Lynn Haven 2011 millage rate)= $1404.92
ESTIMATED 2011 PROPERTY TAX REVENUE BY TAXING AUTHORITY
Taxing Authority
2011 Millage Rate Taxable Property Value
Estimated 2011 Revenue
County Commission 3.65 14,325,374,403 $ 52,287,617
Callaway 2.7324 504,285,994 $ 1,377,911
Lynn Haven 3.0887 1,016,225,637 $ 3,138,816
Mexico Beach 4.73 362,789,309 $ 1,715,993
Parker 0 199,863,220 $ -
Panama City Beach 0 3,633,988,101 $ -
Panama City 3.9095 2,175,158,484 $ 8,503,782
City of Springfield 0 196,260,147 $ -
PC DIB 6.75 60,563,508 $ 408,804
County Mosquito 0.1525 6,068,463,791 $ 925,441 PCB Mosquito Control .1438 7,318,263,357 $ 1,052,366
School Discretionary 7.118 15,482,775,446 $ 110,206,396
Fire Districts 1.000 5,766,987,829 $ 5,766,988
NFWWMD .0400 14,662,850,736 $ 586,514
BAY COUNTY PROPERTY DATA
PROPERTY DEMOGRAPHICS
TYPE OF PROPERTY
NUMBER OF PARCELS
TOTAL NUMBER OF PARCELS 113,231SINGLE FAMILY PARCELS 53,933HOMESTEADED PARCELS 39,751
VACANT RESIDENTIAL 19,268MOBILE HOMES 8,992COMMERICAL 6,041AGRICULTURAL 1,144GOVERNMENTAL/INSTITUTIONAL
1,692
MISC 2022
BAY COUNTY LAND USE
--INCLUDING WATER SURFACE BAY COUNTY CONSISTS OF 1033 SQ MILES. LAND AREA ALONE IS 764 SQ MILES OR 488,960 ACRES.
--THERE ARE 113,231 TOTAL PARCELS OF LAND IN BAY COUNTY
--THERE ARE 1144 PARCELS DESIGNATED AS AGRICULTURE IN BAY COUNTY
---70 OF THE 1144 PARCELS ARE DESIGNATED AS IMPROVED AG, HAVE SMALL ACREAGE AND HAVE BEEN HOMESTEADED
--CURRENTLY THERE ARE 290,000> or < ACRES WITH AN
AGRICULTURE EXEMPTION
--TIMBER DONIMATES AGRICULTURE IN BAY COUNTY WITH 991 PARCELS OF VARING TYPES and SIZES
BAY COUNTY LAND USE
ST JOE PAPER COMPANY 156, 029 ACRES
BEAR CREEK TIMBER, LLC 38,844 ACRES
PROFUNDUS HOLDING 27,526 ACRES
PLUMB CREEK TIMBER 5,947 ACRES
CEDAR CREEK RANCH 3,012 ACRES
ACCL/BAY PROPERTIES 2,320 ACRES
BAY COUNTY LAND USE
BAY COUNTY LAND USE
BAY LAND USE
BAY COUNTY LAND USE
TAXABLE PROPERTY VALUES$ IN BILLIONS
ASSESSED EXEMPT TAXABLE $17.2 $4.3 $12.9
Bay County Real Property Values$ in Billions
Value Decline by Property Types
TAXABLE VALUE BY TYPE$ Are Billions
NEW CONSTRUCTION
EXEMPTIONS…
EXEMPTED VALUES$ IN BILLIONS
CATEGORY VALUE NUMBER OF PARCELS
HOMESTEAD 1.843 39,758
DISABILITY .130 4,552
GOVERNMENT 2.00 1,114
REGILIOUS/NON-PROFIT
.378 729
EXEMPTIONS AND AMOUNT
Homestead $50,000Seniors $50,000
Disabled $500
Widowed $500
Deployed Military % of total tax for time spent
in combat zoneVeterans
Veterans %Disability
T&P (sc/nsc)
$5,000% of Combat
Disability
100% of Tax. Value
Home Sales and Homestead Exemption
When a homesteaded property sells, the exemption (any exemption) stays with the property for the year in which the sale took place.
The new owner must file for the homestead in their name by March 1st of the year following the sale.
The value goes to market value for the new buyer as the previous owner’s cap no longer applies. This increase can be lessened if the buyer is able to port their cap from a previously homesteaded property.
WHAT HAPPENED IN 2011…
Deployed Military Property Tax Exemption – New Constitutional Amendment
CS/HJR 833 (Adopted).
The legislature passed a resolution providing that deployed military personnel receiving homestead exemption will receive an additional percentage exemption equal to the number of days that they are deployed during a calendar year divided by 365. The measure appeared on the ballot in 2010 and passed. The exemption was effective for the 2011 tax year. Must be in support of the following operations:
--Iraqi Freedom
--Enduring Freedom
--New Dawn
--Noble Eagle (2012)
BP OIL SPILL(DEEP HORIZONS)
NO DISCERNABLE IMPACT ON PROPERTY VALUES
Bay County Property Appraiser’sAchievements
Sponsored Roundtables With Area Business, Governmental and Educational Leaders
Increased Community Awareness of Available Exemptions and made Exemption Filing Even Easier
A concerted effort to reduce petitions filed with the Value Adjustment Board (VAB) resulted in a significant savings to the county.
Consolidated the Lynn Haven and Beach Branches with the main office
Continued to Assess Property at the lowest value possibleContinued Aggressive Homestead Exemption Fraud Program,
which and added $10.9 million of taxable value to tax roll
WHAT’S HAPPENING IN 2012…
2012 Objectives
Seek Additional Property Tax Relief for the Widowed and Disabled
Enhance Our Website with More Features and Information
Seek approval to e-mail TRIM notices beginning in 2012
2012 LEGISLATIVE SESSION
Bills of Interest Related to Property Taxes
--Recapture Rule (Value down and Assessment Up)
--Non homesteaded (Assessment limited to 5% versus 10%)
--Increases Tangible Personal Property Exemption from $25,000 to $50,000
--Taxing authorities could totally exempt property taxes for low income individuals who are at least 65 years old and have permanently resided on the property for at least 25 years
PARTNERS WITH THE COMMUNITY
WE SUPPORT OUR TROOPS