Why is it important to have a certified Marion County Property Appraiser on your team of financial and business experts? See a problem there! Let me explain... marion county property appraiser calculates values of personal and real property in Marion County, Florida for Advantages of Tax Purposes. It administers the required property and personal exemptions permitted by Florida Law. Appraisers are required by law to be licensed in each of the 50 states and must have a professional certification.
A Marion County property appraiser must also complete an approved Property Appraisal/Advisory Service (PAS) Examination. These examinations evaluate the applicant's knowledge of property appraisal and their ability to complete an approved property search. There are two types of PAS's; homestead exemption and comparable sales tax rate. If the homestead exemption is selected then the county will pay the property taxes on behalf of the exempt homestead holder.
Comparable sales tax rates are set by each county. Your county clerk should be able to assist you with this information. Appraisers are required by law to furnish you with the tax homestead exemption amount on request. The homestead exemption is the amount that you must pay tax on your own home. There are additional fees that apply if you claim a second or additional homestead. These fees are listed on the Assessment Roll.
What is Involved With a Property Appraiser?
A qualified Marion County property appraiser will provide an adjusted value that is lower than the homestead exemption in order to determine the taxable rate. The county will then either issue a county-wide sales tax or an oral assessment, which is the official value established by the county. In ocala assessment, the assessment is based on market values as determined by national and county statistics. Your county clerk should be able to help you with the adjustments that need to be made to your current property taxes.
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Many people believe that when they file their taxes that their property is exempt from the county property tax. This is not true. All property is subject to the assessment laws and it is up to the county assessor to determine what the sales tax rate will be. If the assessor determines that your property is indeed exempt from taxation, then you will have to pay the entire amount of your tax without any savings on the sales tax.
A knowledgeable and qualified Marion County property appraiser will prepare your tax estimate and recommendation. He or she will first gather the information needed to determine your tax liability. Based on the information gathered, the appraiser will prepare a tax estimate that will include the sales tax rate, local government levies, and property tax if applicable. After preparing the tax estimate the appraiser will discuss this information with the county auditor and request an itemized list of the sales tax exemptions.
The certified public accountant will review the list and will provide you with an itemized statement showing the sales tax, local governments levies, and exemptions. The certified public accountant will also review the appraisal to ensure that the valuation is accurate and complete. After reviewing the sales tax and the exemptions the certified public accountant will again review the property to make sure that it meets all the requirements of the law. Once this process is completed the certified public accountant will prepare a final report that will be provided to you.
In conclusion, you are encouraged to consult with a certified Marion County property appraiser prior to the sale of any property. They will provide you with valuable information that can help you reduce the amount of your tax bill. If you would like more information concerning the qualifications of a particular Marion County property appraiser please visit the site listed below. You will find helpful information on how to select an appraiser, property value guides and other useful information.
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