TRIM Notices Mailed for 2012

PRESS RELEASE CLAY COUNTY PROPERTY APPRAISER * PO BOX 38 * GREEN COVE SPRINGS, FL 32043 * 904-284-6305 * FAX 904-284-2923

For Immediate Release

Date :

August 17, 2012

Contact:

Roger A. Suggs, CFA, AAS, Property Appraiser State Certified General Real Estate Appraiser RZ2771

Phone:

904-269-284-6305

Fax:

904-284-2923

TRUTH IN MILLAGE NOTICES FOR 2012

Clay County, Florida – Roger A. Suggs, CFA, AAS, Clay County Property Appraiser, announces that on August 20, 2012, the Notice of Proposed Property Tax forms, also known as Truth in Millage Notices (TRIM), will be mailed to all property owners. There is important information printed on the notice, so please review it carefully and verify the accuracy of data, such as property owner’s name, mailing address, legal description and exemptions. An explanation of different columns of taxes can be found on the notice, and in the informational insert included in the mailing. Mr. Suggs requests property owners to separate the issue of taxes from the issue of the accuracy of the market value of their property. Florida law establishes that the Property Appraiser is responsible for administering exemptions, and estimating the market value of all property as of January 1 each year. The notice will identify three values: market value, assessed value, and taxable value. The market value is the most probable sale price and may increase or decrease as the market dictates. The assessed value is the market value less any benefit for the Save-Our-Homes cap, or other assessment limitation. The Save- Our-Homes cap will not allow a homestead property’s assessed value to annually increase more than 3% or the Consumer Price Index, whichever is less. In the current real estate market, the market value of most homes is declining. However, if a property’s market value exceeds the assessed value, the assessed value will increase even if the market value decreases. This is known as the “Recapture Rule” in the Florida Administrative Code (FAC 12D-8.0062). The taxable value is the assessed value minus any exemptions. If a property owner questions their exemption status or property’s value, please contact our office for an informal review. This informal review can be handled in person, by telephone, by email, or by mail. The Property Appraiser’s Office always prefers to settle property owner concerns via an informal review. Our goal is to produce fair and accurate assessments and provide you with a thorough explanation.

A property owner also has the option to file a formal appeal via petition with the Value Adjustment Board by the deadline listed on the bottom of your TRIM notice.

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