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Assessed Value, Ad valorem tax, Just Value, Property tax and the Value Adjustment Board Taxes and Property assessments are big topics of discussions these days and why not, with generally all our individual, city, county and state finances being impacted by the biggest recession since the 1940's, we are watching our dollars. Below is the latest information on the property assessments and taxes for property owners in the State of Florida. Check out the Round Robin Appraisal Blog, I intend to put up a thread for a lively discussion soon. County Appraiser Assessment regulation and challenging the assessment F.S. 194.301 Administrative Code for the hearing to challenge your tax assessment 12D-9 Meeting with Bill Jeter, Attorney for the Duval County Value Adjustment Board INSURABLE VALUE ESTIMATE This would be a replacement cost new (RCN) estimate of residential or commercial improvements based on the Marshall-Swift Residential Cost Handbook or the Commercial Marshall Valuation Service Cost Estimates for the local. This (RCN) estimate would not include land values, underground piping and slab costs, but would include an estimated cost for debris removal. Prices vary according to project type. (Call me at the phone # above) Deficiency Judgment, Deed in Lieu. Short Sale Sometimes this type of economy will force a decision either on the part of the lender or borrower to make a choice among less attractive options. It is important to understand the advantages and disadvantages of each. An appraiser can play a role in each type of choice be it a deficiency judgment, deed in lieu of foreclosure or a short sale. Richard P. Zaretsky an Attorney in West Palm Beach, Florida presents a good comparison of the options. Neither Lenders nor borrowers want to lose money and a judge might need an opinion of value in order to fairly try a case that being litigated in his or her court. If market value is an unknown quantity call or email this appraisal office and order an appraisal to resolve the issues. Visit the City-Data Forum, it is a good site to ask questions regarding these types of issues. Short sales can have an IRS drawback. The Jacksonville Bar Association has a good referral system if you need a local attorney.
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