Invest Florida - A Real Estate Podcast

The Hillsborough County Property Appraiser comes on the show to discuss the inner workings of valuation. While the discussion is specific to Hillsborough County, the laws are applied across the State in a similar fashion. We cover how assessors arrive at their valuations, some of the rights property owners have and what you can do to contest a valuation if you don't agree.   Key Discussion Points [01:04] Introduction by Eric & Steven [04:19] About our guest: Bob Henriquez [06:32] Give us an overview of what's happening in the market related to property values [07:55] What is your process for doing property assessments? [11:56] Explain the difference on property tax bills of "assessed value" vs "market value" [17:36] With cap rates so low, and commercial property values rising, does that translate into proportionately higher taxes? [20:34] Explain about the "save or homes" cap and what happens to the cap when there's a new owner [25:56] Talk about property tax assessments that are non-owner occupied [30:04