Brevard County Property Appraiser is the official assigned valuation agent for all Brevard County properties. Appraisers are certified by the American Society of Appraisers. In addition to being certified by SSA, most Appraisers are also licensed by the Florida Department of Financial Services (DFFS). These licenses are especially important because they guarantee that the Appraisers are held to a certain standard of professionalism and expertise. These professionals have a significant role in ensuring that the values of the county's tax dollar are used wisely.

 

The county property appraiser determines the market value of a property through a complex set of calculation and theory. Appraisers use matrices, tax values, comparables, reinvestment theory and much more to come up with a fair and accurate assessment value for a home or other property. Each of these theories and methods are subject to change over time, making it difficult for the current owner to know what their new assessment value will be in the future. The best way to avoid this is to contract with a qualified and knowledgeable brevard county property appraiser who can give the new owner a better idea of what their new assessment value will be.

 

Appraisal values are based on many factors, including location, condition, taxes, market trends and more. One of the primary factors considered by the Appraiser is what is known as the "tax contribution ratio." This ratio measures the amount of taxes required to support a property's growth and development. This percentage is often referred to as TCR or the T&C ratio. It can be calculated by using the Assessor's Assessments of Tax Liability, which is a Brevard County public report that lists the Brevard County taxing authority's assessed values, purposes, rates, collections and special assessments.

Brevard County Property Appraiser and Exemption Certificates

 

These values are then compared to current market and long term trend data in order to determine an accurate assessed value. Comparisons are usually made between counties in accordance with their tax rates and populations. Where a property is located on the assessed value list, it is assigned with a taxable value. The tax rate is then used as the basis for the amount of assessment and capital gain interest that may be applied. This is generally done by each individual or each specific taxing authority. This is also where property tax revenue bonds may be used.

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There are several things that can be done when a property is placed on the market. This includes placing it on the market for sale, using it as a buy-to-let investment, or as a second home. A Brevard County property appraiser can look at many of these situations and give you a better understanding of the value of your property. In all cases the county assessor shall look at the current market value of the property and the previous three years tax rate. They will look at the location of the property and any recent improvements that have been made.

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This information is then compiled into an Assessor's Exemption report. This report is then available to the public. The purpose of this report is to allow the public to see how much of a cap the market value of the property is already broken. In some areas the entire cap may be covered in the Exemption report. In other areas, a portion of the cap may be covered. An important thing to consider is that if a homeowner applies for cap relief and it is found that they do not have enough exemptions they could lose their house from the county as a result.

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You may also be able to get a break on your tax bill if your property appraiser gives you a full market value based on the cap. If the assessment value is higher than the cap then you will either have to pay less or get a refund. It is up to the county assessor to determine what percentage is too high and what percentage is too low. If you still want to see the full market value assessed value then you may call the county office to see what options you have for a cap-relief. In many cases, they will reduce the cap amount to a level that allows you to pay less.

 

The final thing to note about the exemption certificates is that they are based on the last year of tax returns. The values shown there will likely change since a new base year has just been issued. In order to get the full market value, you should request your certificate from the county assessor and not from the appraiser.

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