The Martin County property appraiser determines the value of property in that county, based on state statutes. Martin County may otherwise be accessed differently, based on location they cannot be, simply because every county in the state of Florida must make those determinations based on the same rules and regulations. Conversely, some states allow counties to determine the manner in which the value of property is determined.
Like every county in Florida, Martin County appraises the value of property every five years. In this way, property owners that experience a real market decrease in the value of their property are not faced with tax bills based on the previous value. This has in fact been a growing problem around the nation.
When the real estate market was booming, many pieces of property in Florida were valued significantly higher than ever before. Because the Martin County property appraiser makes value determinations every five years or less, property owners can receive a realistic assessment based on current factors and avoid property taxes which would far exceed the value of the property.
The location of each piece of property may also influence the value as determined by the Martin County property appraiser. In some cases, locations have experienced an increase in value due to the addition or parks and other community benefits. Conversely, property values have dropped in some locations because of the presence of closed businesses and fewer community amenities.
