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Contact Information 860 W. 11th Street Panama City, FL 32401 (850)248-8401 baypa.net Dan Sowell, CFA Property Appraiser 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. 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 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 WITHOUT FIRE ADD CITY MILLAGE ADD BEACH MOSQUITO CONTROL TOTAL Parker 10.9605 - - 10.9605 Springfield 10.9605 Panama City Beach 10.9605 Callaway 10.9605 2.7324 13.6929 Lynn Haven 10.9605 3.0887 14.0492 Panama City 10.9605 3.9095 14.8700 Mexico Beach 10.9605 4.7300 15.6905 2011 MILLAGE RATE 10.9605 .1438 10.9518 MILLAGES BY LOCATION 18 16 14 12 10 8 6 4 2 0 ESTIMATING PROPERTY TAXES Basic Formula Taxable 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 County Commission 2011 Millage Rate Taxable Property Value Estimated 2011 Revenue 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 4.73 362,789,309 $ 1,715,993 Parker 0 199,863,220 $ - Panama City Beach 0 3,633,988,101 $ 3.9095 2,175,158,484 $ 8,503,782 0 196,260,147 $ - 6.75 60,563,508 $ 408,804 County Mosquito PCB Mosquito Control 0.1525 6,068,463,791 $ 925,441 .1438 7,318,263,357 $ 1,052,366 School Discretionary 7.118 15,482,775,446 $ 110,206,396 1.000 5,766,987,829 $ 5,766,988 Mexico Beach Panama City City of Springfield PC DIB Fire Districts - BAY COUNTY PROPERTY DATA PROPERTY DEMOGRAPHICS TYPE OF PROPERTY TOTAL NUMBER OF PARCELS NUMBER OF PARCELS 113,158 SINGLE FAMILY PARCELS 53,724 HOMESTEADED PARCELS 40104 VACANT RESIDENTIAL 19,379 MOBILE HOMES 9,012 COMMERICAL 6,041 AGRICULTURAL 1,144 GOVERNMENTAL/INSTITUTIONAL 1741 MISC 2022 REAL PROPERTY VALUES $ IN BILLIONS ASSESSED $17.6 EXEMPT $4.3 TAXABLE $13.3 Bay County Real Property Values $ in Billions 18,000,000 16,000,000 14,000,000 12,000,000 10,000,000 8,000,000 6,000,000 4,000,000 2,000,000 0 17,059,205 15,087,175 2008 2009 14,076,178 2010 13,328,337 2011 $ TAXABLE VALUE BY TYPE In Billions 9,000,000,000 8,000,000,000 7,000,000,000 6,000,000,000 5,000,000,000 4,000,000,000 3,000,000,000 2,000,000,000 1,000,000,000 0 2008 2011 %Value Decline by Property Types 100% 80% 60% 40% 20% 0% 2008 2011 Bay County New Construction $ in Millions 1200 1,085 1000 860 800 600 510 400 65 200 0 2007 2008 2009 2010 EXEMPTED VALUES $ IN BILLIONS CATEGORY VALUE NUMBER OF PARCELS HOMESTEAD 1.843 40,104 DISABILITY .125 4,552 GOVERNMENT 1.861 1,114 REGILIOUS/NONPROFIT .366 729 EXEMPTIONS AND AMOUNT Homestead $50,000 Seniors $50,000 Disabled $500 Widowed $500 Deployed Military % of total tax for time spent in combat zone $5,000 % of Combat Disability Veterans Veterans % Disability 100% of Tax. Value T&P (sc/nsc) 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. 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 will be effective for the 2011 tax year. Must be in support of the following operations: --Iraqi Freedom --Enduring Freedom --New Dawn BP OIL SPILL (DEEP HORIZONS) NO DISCERNABLE IMPACT ON PROPERTY VALUES Bay County Property Appraiser’s Achievements for 2010 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 Branch with the main office Continued to Assess Property at the lowest value possible Continued Aggressive Homestead Exemption Fraud Program, which and added $10.9 million of taxable value to tax roll 2011 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 Close PCB office for cost savings JOINT ISSUES Estimated Taxes on New Sales Identifying Incentives With New Sales We support our troops!