Thu, 10/15/2009 - 2:40pm

The Seminole County Property Appraiser ahs adjusted the Just/Market Value for homes in Heathrow.  This information can be found at the Appraiser website:  Once on the site click:  Record Search, then:  Yes - then enter the Owner's name.  Click on the name and the page will open which will provide the 2008 and 2009 Working Values.  The sharp drop in property values 25 - 30% then flows to the Assessed Value.  Some of us will find that our Save Our Homes (SOH) Adjustment has been wiped out while others will find it sharply reduced.  The result may be a smaller reduction in the Appraised Value (only about 10%) or little reduction since the market value reduction just reduces the SOH adjustment. If your appraised value goes down, your estimated taxes will likewise be reduced.  When property values begin to increase, the SOH cap will limit your annual increase to 3% and the starting point will be based upon the current lower valuations.

Listing Source is MRFMLS.

IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.

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Karen Arbutine, REALTOR® 
RE/MAX Central Realty
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