Broward County Property Appraiser Lori Parrish Answers Your Questions…
“Estimate of Taxable Value Increases 6.41% for Broward!”
I read in the newspaper last week your office just released a report on the 2014 Broward County’s property tax valuation increases. Is this report available to the public?
B.R., Fort Lauderdale, FL (via email)
On May 28, 2014, our office released the 2014 Estimate of Taxable Values. This is the third consecutive year property tax values have risen in Broward after four years of declines during the historic real estate collapse. These numbers resulted in a total countywide taxable value increase of 6.41%, and a total taxable value of $139.995 billion. The 6.41% increase does not apply to every municipality within the county (please keep in mind the 6.41% increase represents the sum total of all taxable value in Broward County). Some areas, such as Hallandale Beach, Coconut Creek, Cooper City and Davie saw a taxable value increase greater than 6.41%, while Lauderdale Lakes, Pembroke Park, and Dania Beach saw an increase of less than 6.41%. To see a breakdown by taxing authority (County, Municipal, District, etc.), go to our website,www.bcpa.net, click on “Site Index” on the left side of the homepage, then click “2014 Tax Roll Information,”and finally“2014 June 1st Taxable Value Report.”
The numbers released on May 28th will be virtually identical to the final numbers formally confirmed by the Certification of Tax Roll Value on July 1, 2014. The only changes, if any, will be to correct any errors discovered over the next 30 days and to extend any exemptions received and approved. All new 2014 exemptions and Save Our Home portability applications filed to date are already reflected in these numbers.
Please keep in mind the 2014 property assessments reflect the values as of January 1, 2014. Florida law requires our property assessments be based a year in arrears, meaning the 2014 property assessments are based upon the qualified sales from January 2, 2013 thru January 1, 2014. Any sales which occur in the 2014 calendar year will be reflected in the 2015 property assessments.
Lori Parrish, CFA