The Escambia County property appraiser makes determinations about the value of property in locations such as Pensacola Florida. The Escambia County property appraiser makes these determinations based on the laws and statutes of the state of Florida.
The state statutes include stipulations about location, size and community amenities when determining the fair market value of a piece of property. In addition, there are factors which can decrease the value of a piece of property as determined by the Escambia County property appraiser, including high crime rates. In essence, the value of property can be directly influenced by the desirability of a location.
Properties found on or near a body of water such as the Gulf of Mexico, are often found to have a higher fair market value than those that are not. However, the recent oil spill at the Deep Water Horizon, may greatly affect the value of properties on the gulf. In fact, the state of Florida has already prepared to lower taxes for those found in areas which are directly affected, including Escambia County.
Areas which relied on tourism have already seen the implications of the oil spill, even in areas that have not yet been directly hit by the oil. In fact, individuals that were in the process of buying property in those areas have often decided against it. All of these issues influence the fair market value of properties in places such as Escambia County and the Escambia County property appraiser does take those factors into account.
