dan sowell, cfa property appraiser

Dan Sowell, CFA Property Appraiser

Contact Information

860 W. 11th Street

Panama City, FL 32401

(850)248-8401

baypa.net

WHAT WE DO…

Responsibilities of the Property Appraiser

•To locate, identify, and accurately appraise all properties subject to ad valorem taxes.•To maintain property value roll equity and fairness.•To process allowable exemptions.

WE MEET OUR RESPONSIBILITIES BY:

•Conducting Frequent Reappraisals.

•Hiring and Retaining a Professional Staff.

•Making Market Data Available.

•Keeping Property Owners Informed.

WHAT WE DON’T DO…

The Property Appraiser has NO jurisdiction or responsibility for district budgets, tax rates, special assessments, or determining the amount of taxes you pay. These matters are handled by the various taxing authorities; i.e. the county government, city government, school board and other taxing districts.

BAY COUNTY TAXING AUTHORITIES

2011 MILLAGE RATES/ TAXES…

NON MUNICIPAL TAXING AUTHORITIES

TAXING AUTHORITY 2011 MILLAGE RATE

Bay County Commission

3.6500

School Board 7.1180

Fire Districts 1.0000

Water Management District

.0400

Mosquito Control .1525

Basic County Rate 11.9605

CITY LIVING

CITY BASIC COUNTY RATE

ADD CITY MILLAGE

ADD BEACH MOSQUITO CONTROL

TOTAL 2011 MILLAGE RATE

Parker 10.9605 - - 10.9605Springfield

10.9605 10.9605

Panama City Beach

10.9605 .1438 10.9518

Callaway 10.9605 2.7324 13.6929Lynn Haven

10.9605 3.0887 14.0492

Panama City

10.9605 3.9095 14.8700

Mexico Beach

10.9605 4.7300 15.6905

PC DIB 10.9605 6.7533 17.7138

MILLAGES BY LOCATION

Sprin

gfield

Pana

ma City

Bea

ch

Count

y

Callaw

ay

Lynn

Hav

en

Pana

ma City

Mex

ico B

each

PC D

IB0

4

8

12

16

ESTIMATING PROPERTY TAXES

Basic FormulaTaxable value/1000*millage rate=taxes

Example of house located in Lynn Haven with taxable value of $100,000$100,000/1000=100 X 14.0492(Lynn Haven 2011 millage rate)= $1404.92

ESTIMATED 2011 PROPERTY TAX REVENUE BY TAXING AUTHORITY

Taxing Authority

2011 Millage Rate Taxable Property Value

Estimated 2011 Revenue

County Commission 3.65 14,325,374,403 $ 52,287,617

Callaway 2.7324 504,285,994 $ 1,377,911

Lynn Haven 3.0887 1,016,225,637 $ 3,138,816

Mexico Beach 4.73 362,789,309 $ 1,715,993

Parker 0 199,863,220 $ -

Panama City Beach 0 3,633,988,101 $ -

Panama City 3.9095 2,175,158,484 $ 8,503,782

City of Springfield 0 196,260,147 $ -

PC DIB 6.75 60,563,508 $ 408,804

County Mosquito 0.1525 6,068,463,791 $ 925,441 PCB Mosquito Control .1438 7,318,263,357 $ 1,052,366

School Discretionary 7.118 15,482,775,446 $ 110,206,396

Fire Districts 1.000 5,766,987,829 $ 5,766,988

NFWWMD .0400 14,662,850,736 $ 586,514

BAY COUNTY PROPERTY DATA

PROPERTY DEMOGRAPHICS

TYPE OF PROPERTY

NUMBER OF PARCELS

TOTAL NUMBER OF PARCELS 113,231SINGLE FAMILY PARCELS 53,933HOMESTEADED PARCELS 39,751

VACANT RESIDENTIAL 19,268MOBILE HOMES 8,992COMMERICAL 6,041AGRICULTURAL 1,144GOVERNMENTAL/INSTITUTIONAL

1,692

MISC 2022

BAY COUNTY LAND USE

--INCLUDING WATER SURFACE BAY COUNTY CONSISTS OF 1033 SQ MILES. LAND AREA ALONE IS 764 SQ MILES OR 488,960 ACRES.

--THERE ARE 113,231 TOTAL PARCELS OF LAND IN BAY COUNTY

--THERE ARE 1144 PARCELS DESIGNATED AS AGRICULTURE IN BAY COUNTY

---70 OF THE 1144 PARCELS ARE DESIGNATED AS IMPROVED AG, HAVE SMALL ACREAGE AND HAVE BEEN HOMESTEADED

--CURRENTLY THERE ARE 290,000> or < ACRES WITH AN

AGRICULTURE EXEMPTION

--TIMBER DONIMATES AGRICULTURE IN BAY COUNTY WITH 991 PARCELS OF VARING TYPES and SIZES

BAY COUNTY LAND USE

ST JOE PAPER COMPANY 156, 029 ACRES

BEAR CREEK TIMBER, LLC 38,844 ACRES

PROFUNDUS HOLDING 27,526 ACRES

PLUMB CREEK TIMBER 5,947 ACRES

CEDAR CREEK RANCH 3,012 ACRES

ACCL/BAY PROPERTIES 2,320 ACRES

BAY COUNTY LAND USE

BAY COUNTY LAND USE

BAY LAND USE

BAY LAND USE

BAY COUNTY LAND USE

TAXABLE PROPERTY VALUES$ IN BILLIONS

ASSESSED EXEMPT TAXABLE $17.2 $4.3 $12.9

Bay County Real Property Values$ in Billions

Value Decline by Property Types

TAXABLE VALUE BY TYPE$ Are Billions

NEW CONSTRUCTION

EXEMPTIONS…

EXEMPTED VALUES$ IN BILLIONS

CATEGORY VALUE NUMBER OF PARCELS

HOMESTEAD 1.843 39,758

DISABILITY .130 4,552

GOVERNMENT 2.00 1,114

REGILIOUS/NON-PROFIT

.378 729

EXEMPTIONS AND AMOUNT

Homestead $50,000Seniors $50,000

Disabled $500

Widowed $500

Deployed Military % of total tax for time spent

in combat zoneVeterans

Veterans %Disability

T&P (sc/nsc)

$5,000% of Combat

Disability

100% of Tax. Value

Home Sales and Homestead Exemption

When a homesteaded property sells, the exemption (any exemption) stays with the property for the year in which the sale took place.

The new owner must file for the homestead in their name by March 1st of the year following the sale.

The value goes to market value for the new buyer as the previous owner’s cap no longer applies. This increase can be lessened if the buyer is able to port their cap from a previously homesteaded property.

WHAT HAPPENED IN 2011…

Deployed Military Property Tax Exemption – New Constitutional Amendment

CS/HJR 833 (Adopted).

The legislature passed a resolution providing that deployed military personnel receiving homestead exemption will receive an additional percentage exemption equal to the number of days that they are deployed during a calendar year divided by 365. The measure appeared on the ballot in 2010 and passed. The exemption was effective for the 2011 tax year. Must be in support of the following operations:

--Iraqi Freedom

  --Enduring Freedom

--New Dawn

--Noble Eagle (2012)

BP OIL SPILL(DEEP HORIZONS)

NO DISCERNABLE IMPACT ON PROPERTY VALUES

Bay County Property Appraiser’sAchievements

Sponsored Roundtables With Area Business, Governmental and Educational Leaders

Increased Community Awareness of Available Exemptions and made Exemption Filing Even Easier

A concerted effort to reduce petitions filed with the Value Adjustment Board (VAB) resulted in a significant savings to the county.

Consolidated the Lynn Haven and Beach Branches with the main office

Continued to Assess Property at the lowest value possibleContinued Aggressive Homestead Exemption Fraud Program,

which and added $10.9 million of taxable value to tax roll

WHAT’S HAPPENING IN 2012…

2012 Objectives

Seek Additional Property Tax Relief for the Widowed and Disabled

Enhance Our Website with More Features and Information

Seek approval to e-mail TRIM notices beginning in 2012

2012 LEGISLATIVE SESSION

Bills of Interest Related to Property Taxes

--Recapture Rule (Value down and Assessment Up)

--Non homesteaded (Assessment limited to 5% versus 10%)

--Increases Tangible Personal Property Exemption from $25,000 to $50,000

--Taxing authorities could totally exempt property taxes for low income individuals who are at least 65 years old and have permanently resided on the property for at least 25 years

PARTNERS WITH THE COMMUNITY

WE SUPPORT OUR TROOPS