The hillsborough county property appraiser monitors and coordinates the sale of real estate throughout the county. They determine the market value for millions of individual parcels and administers property tax refunds and other property ownership information. A well-organized and experienced realtor will be a valuable asset when selling real estate in Hillsborough County. Here are some tips to help you find a reliable hillsborough county property appraiser who is both licensed and experienced in these highly competitive real estate markets:
...read the paper...it is a good idea to read the local newspaper prior to making a big purchase. You can often find important news stories in the paper...especially on Sundays. You never know when a property appraisal service will come out with a new "pandem" or "covid-19 pandemic." This is an outbreak of a rare virus that has killed several people in Hillsborough...all in an area where homes are on the market...all within a short time frame.
...read the town news...you may want to read the city section on a weekend or two. Often Hillsborough homeowners will have noticed that the property tax rates at the town government offices have gone up. The property appraiser will likely be looking for any properties that have increased in market value. If you notice an item like this in your community, contact the town hall immediately. This is important to let the residents of your community know that you care about their needs and are concerned about rising property taxes. Let them know that if the homestead exemption rate continues to increase, then you will be very unhappy.
Hillsborough County Property Appraiser - Are You Getting A Fair Assessment Of The Market?
This is just one of many conflicts that may arise as a result of a homestead exemption rate increase in Hillsborough County. There are many other factors that may be driving the real estate market in Hillsborough County. However, raising homestead exemptions is just one of the many factors that can lead to increased property taxes. When a county property appraiser comes out with a new market value, it is simply a projection of how much your home will be worth after the homestead exemption is taken off the equation. This is why the appraisers who are typically appointed by the Hillsborough school board are not necessarily doing an inaccurate assessment.
Now consider this...a homestead exemption that was once removed has the potential of saving a Hillsborough County property appraiser thousands of dollars each year. In some cases the tax roll could go up as much as thirty percent! This makes sense when you consider the money that can be lost through property depreciation. Appraisals are being revised all the time due to new information that becomes available and this doesn't happen overnight.
If you ask a Hillsborough County property appraiser if they are under any financial constraints, you will likely get a resounding "No". Most appraisers have a full staff and they have access to the latest computerized equipment. These appraisers don't have to worry about whether they are being accurate because they can download new data as it becomes available. The current real estate market has driven up the cost of appraisal because of the volatility in interest rates. It just makes good business sense for an appraiser to keep up with the current marketplace.
Another reason that the Hillsborough property appraiser is not under any financial duress is because they are not tied to the counties specific real estate tax rates. The only thing an appraiser can do is give you a fair estimate based on the information that you have provided them with. If you have a good understanding of property values in general, you probably understand that prices have dropped dramatically in some areas while in other places they have risen. You should trust your appraiser when it comes to the assessment of tangible personal property, business assets, and the appraised market value of the tax roll that you as the owner provide to the County.
If you want a fair assessment of the current real estate market, then you need to have a professional appraiser to look at the current tax roll. The experts who specialize in desktop appraisal know what the values are for properties in different parts of the county. This information is available online, and the information is updated on a regular basis. Most people do not have access to this information. As a result, they may be buying homes that are actually overpriced.
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