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Real Estate Appraiser

What Does a Property Appraiser Do?

What Does a Property Appraiser Do?

Property appraisers can be employed by a variety of entities. For example, a county real estate appraiser would be employed by the county government, whereas a real estate appraiser may be employed by insurance companies, banks or real estate agencies.
 
 Property appraisers must be able to determine the value of a home and/or property, based on the location, the state of the home and property, as well as any extra benefits which are included with the specific property, such as pools, hot tubs tennis courts etc.
 
Generally, property appraisers determine the fair market value of a home, which is not necessarily what the home would sell for, but should be rather close to that price. One of the largest factors used to determine property value, is the location of the property. 
The same piece of property is Lee County Florida, would likely appraise for a much higher market value if that property was in Collier County. However, county property appraisers also must be aware of the value or property in different locations within a county.
 
The entity which employs real estate appraisers determines which qualifications are required for the job. In most cases, county property appraisers must be certified and licensed, however, that is not always the case. Most property appraisers that work for real estate agencies generally have special qualifications, in addition to being certified and they are also likely to have their real estate license.

Shelby County Property Assessor

Shelby County Property Assessor

The Shelby County property assessor is an elected official that over sees the appraisal of properties in Shelby County Tennessee. The current assessor had been working for the department for over thirty years before becoming the Shelby County property assessor and she has a proven record for utilizing all applicable state and local laws when making determinations about the fair market value of properties in that county.
 
 
 
In contrast to Florida, which requires appraisals every five years, counties in Tennessee require updated appraisals of every property in the county every four years. Those frequent appraisals conducted by the Shelby County property assessor, do not necessarily indicate that there will be an increase in value of the property, as there are many factors which can decrease the value of a  piece of property.
 
 
 
Since the Shelby County property assessor makes determinations based on state laws, the residents are ensured that they will be subjected to fair taxation, based on the same laws which apply throughout the state. In essence, every property owner in the state can expect to have their fair market value of their property determined in the same manner as it is for every resident.
 
 
 
The location and size of a parcel of the land are the two biggest factors used to determine price. Larger parcels are generally valued higher, unless they are used for farming. Parcels of land located near community amenities, such a sparks and schools, also incur a higher value as determined by the Shelby County property assessor.
 
 

Understanding Real Estate Appraisal

Understanding Real Estate Appraisal

Real estate appraisers make determinations about the fair market value of properties, according to applicable laws. Generally, the factors which have the most weight in determining the value of a property is the location of that property, as well as the size of the parcel and improvements on that property.

Indian River County Property Appraiser

Indian River County Property Appraiser

The Indian River County property appraiser is located in Vero Beach, Florida. Like many counties in Florida, Indian River County has many properties which are located near a body of water and that factor has a big impact on the appraised fair and market value of property. 
 
 
There are also many other factors which influence the Indian River County property appraiser's determination about the value of each piece of property within the county and those determinations are made at least every five years, according to Florida state law.
 
 
 
While the location of property, as well as its proximity to certain community features, impacts the value of the property, there are many other factors as well. For example, the quality and quantity of schools offered influence the value of property. For example, communities that have state of the art schools, with high grades from the state, are likely to have higher property values as determined by the Indian River County property appraiser.
 
  
 
Communities found within the county, will not all have the same amenities such as schools with good state grades. The ranges of property values with a county can vary greatly, even for similar properties, depending on the factors used to determine the value. For example, the Indian River County property appraiser would value a home closer to the ocean at a higher value, than one which is located further away, even if the properties are identical.

Levy County Property Appraiser

Levy County Property Appraiser

The Levy County property appraiser makes determinations about the value of property found within the county. Properties in Levy County are appraised at least every five years, as prescribed by state law. However, these frequent appraisals do not necessarily translate into increases in fair market value.
 
 
 
The Fair market value is determined utilizing a variety of factors, including the current real estate market. Florida had experienced a boom in real estate sales, followed by a quick reduction in the sale of properties. Homes that had once been valued at three hundred thousand dollars may now have a value of less than one hundred thousand dollars. There are a variety of reasons for such a reduction, but the real estate market has played a large part in those reductions.
 
 
 
The Levy County property appraiser also takes into account the neighborhood where the home is found. Previous to the recession, many neighborhoods were flourishing. However, Florida currently has one of the highest rates of foreclosure on properties in the nation. 
 
 
Empty homes which are falling apart can present security issues for neighborhoods. These empty homes also reduce the fair market value of other homes in the neighborhood and the Levy County property appraiser takes those factors into consideration when determining the value of property in that county.

Nassau County Property Appraiser

Nassau County Property Appraiser

The Nassau County property appraiser makes determinations about the fair market value on parcels of land within that county, including those parcels which have improvements such as homes or pools. The Nassau County property appraiser must appraise each piece of land within the county at least every five years, in accordance with state law.
 
 
 
Those properties which are larger, or include two or more parcels which have been combined, often incur a higher appraisal than smaller pieces of land. However, there are other factors which will influence the determination made by the Nassau County property appraiser. For example, farmland which is a large parcel, will incur a lesser appraisal than large pieces of land used simply as residential property.
 
 
 
In addition to the size of land and the size of the home, the location of the property is one of the most important factors used by the Nassau County property appraiser to determine the fair market value of a price of property in that county. Properties which are located near areas that have had a high percentage of foreclosures will be valued lowered than those found in areas that have not. 
 
 
Areas with a high rate of foreclosure often experience an increase in criminal and undesirable activity, making it difficult to sell homes in those areas. The inability to sell homes has a negative impact on their fair market value as determined by the Nassau County property appraiser.
 
 

Sarasota County Property Appraiser

Sarasota County Property Appraiser

The Sarasota County property appraiser has a website like all county appraisers in Florida, so that property owners can stay up to date on important information. For example, there is a tax exemption for homes and businesses which were built with contaminated drywall, but property owners must apply for the exemption.

 

Throughout the state of Florida many buildings were made using the contaminated Chinese drywall which has caused extensive property damage, including damage to pipes and other vital portions of property. However, the Sarasota County property appraiser does not make that determination when they make their value assessment. Instead, property owners must apply for the exemption and they can only do so if they were not aware of the issue when the bought the home.

 

Vital information such as allowable tax exemptions can be found ion websites such as the Sarasota County property appraiser website. However, homeowners can also call the Sarasota County property appraiser to find out the same information, making the process easier for homeowners that are confused about their property value assessment or about the taxes they owe.

 

The down economy has also led many property owners to dispute the assessment made by the Sarasota County property appraiser and the website can help them through the process. In addition, property owners can estimate the taxes they will owe in each year, simply by determining  the assessed value of their property and the estimated tax increase in any given year.

 

Collier County Property Appraiser

Collier County Property Appraiser

With cities such as Naples, the Collier County property appraiser handles the appraisal of some of the most expensive properties in the United States. There are however, sections of the county which have substantially lower property values, resulting in a large scale of property taxes in Collier County.
 
 
 
The Collier County property appraiser certainly takes locations into account when determining the value of a property in the county. Properties which are located nearest the Gulf have some of the highest property values. 
 
 
In addition, properties found in cities such as Naples, automatically have a higher value, based simply on the many services offered to Naples residents and Collier county residents. For example, Collier county residents receive free beach parking and have a wide array of parks to choose from, both of which influence the property values in that area.
 
 
 
Yet, there are factors which can substantially decrease than the value of properties in certain areas of Collier County. For example, even within Naples, there are areas that have higher crime rates and schools which have received failing grades for education. In those areas, the value or property would be lowered by the Collier County property appraiser, simply because the property is in an undesirable location.
 
 
 
Factors such as home improvements also influence the value of a property given by the Collier County property appraiser. In addition, hurricane prone areas and flood zones also receive lower property values.

Marion County Property Appraiser

Marion County Property Appraiser

The Marion County property appraiser must follow all rules, laws and statues as laid out by the state of Florida, when making determinations about the value of a piece of property. For example, property appraisals must be conducted at least every five years. In addition, there are specific factors which can substantially increase or decrease the value of a parcel of property in the county.
 
 
 
The Marion County property appraiser first makes determinations about the value of property based on location.  Properties which are located closest to a body of water, receive an automatic increase in the value of that property. For example, properties located nearest the ocean, are likely to be the most expensive properties in the county.
 
 
 
In addition, the Marion County property appraiser also considers the location of parks, whether county, local or state, to each piece of property, as properties closest to parks are often valued higher than those which do not have easy access to parks.
 
 
 
The quality of a school system in each area, including its state rating, also influences property value as determined by the Marion County property appraiser.  In addition, private schools in the area which are easily accessed by residents also increase property value.
 
  
 
The various factors used by the Marion County property appraiser, in order to determine the value of each piece of property are set out by state laws. However, there are some special circumstances which can alter the value determined for each piece of property.

Osceola County Property Appraiser

Osceola County Property Appraiser

The Osceola County property appraiser is located in Kissemme Florida, near Orlando. Much of this county is land locked and property owners may see lowered property values than the state wide average, simply because of the location. However there are factors which can increase property values in that area, when compared to the state average, such as being located near certain locations and entertainment venues, such as Disney World. In fact, this area of Florida has many jobs available, thereby increasing property values.

Areas which have little or no job opportunities, often experience a decrease in property values as few people wish to move anywhere that they will be unable to find work. However, Florida is sometimes an exception to that rule,as many people move to Florida when they retire. Yet, portions of Osceola county have experienced an increase in property values because of the various job opportunities available.

The Osceola County property appraiser will also take other factors into consideration, such as the school systems in each location. Those areas which have schools that have received top ratings in the state, are likely to have higher property values and therefore, higher taxes.

Conversely, areas which have a high crime rate, lower income opportunities and poor school systems, likely experience a decrease in properly values as assessed by the Osceola County property appraiser.

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