The Wakulla County Property Appraiser is deemed responsible for the location, identification, and determination of fair value on the property, both personal and real, within the county for tax purposes. Before we discuss further details, we invite you to check out other articles on Property Appraisers.
The “market” value of the real property is based on the present real estate markets. Estimating the “market” value of the property means discovering the price most people would pay for your property in its current conditions.
It is important to remember that the property appraiser does not create value. People establish value by selling and buying real estate in the market set up. The property appraiser has a legal responsibility to study the transactions and appraise your property accordingly. The property appraiser also does these other functions.
Other Functions of Wakulla County Property Appraiser
- Tracks the ownership changes
- Maintains the maps of parcel boundaries
- Keeps descriptions of the buildings and property characteristics up to date
- Accepts and approves applications from the individuals eligible for exemptions and other forms of property tax relief
- Analyzes the trends in sales prices, construction costs, and rents to best estimate the value of all assessable property
Wakulla County Assessor Responsibilities
The Wakulla County Assessor is responsible for appraising the real estate and assessing a property tax on properties located in Wakulla County, Florida. You can contact the Wakulla County Assessor for:
- Paying your property tax
- Information on your property’s tax assessments
- Appealing your property tax appraisals
- Reporting upgrades or improvements
- Your property tax bills
- Checking the Wakulla County property tax due date
There are three main roles involved in administering property taxes. They include Tax Assessors, Property Appraisers, and Tax Collectors. Take note that in some counties, one or more of the roles may be held by an individual or the office. For example, the Wakulla County Tax Assessor may also serve as the Wakulla County Tax Appraiser.
Main Roles in Administering Property Taxes
- Setting the property tax rates and collecting owed property tax on real estate properties located in Wakulla County.
- Determining the taxable value of each piece of the real estate, which the Tax Assessors will use to determine the owed property tax.
- Collecting property tax from the property owners. They issue annual tax bills to all property owners in Wakulla County and work with the county’s sheriff’s office to foreclose on properties with delinquent taxes.
A property tax is a tax on any owned property, levied on the property’s owned by a state, local, or national government. In the past, property taxes often collected on many types of wealth. Today, however, the most common form of the property tax levied on to the land and fix improvements, like buildings.
The common method of calculating property tax depends on two essential measurements. The property’s assessment value is the base taxable value of the property that needs taxing, and the property tax rate and millage rate is the actual tax rate levied on the assessed value of the property. For more details, see calculating property tax.
As opposed to the income taxes, the property taxes are not self-assessed. The local tax assessor determines the taxable value of your property and sends you a yearly tax bill based on their appraisal. The overall property tax bill breaks down into individual line items. Standard components of a property tax include:
1. School District Taxes
2. Municipal Garbage Disposal Fees
3. Municipal Utility Fees
4. Library Fees
5. General County Fund Taxes
The tax assessors will send you property tax statements several months before the property tax is due. The property tax bill usually includes an itemization of various taxes that make up your total property tax. Your entire property tax liability for the year listing in a prominent place on your statement. Payments are usually due to your county treasurer and can be made in person, through the mail, or online.
Property tax bills are sent at the beginning of each new year. Once you submit the invoice, property taxes are automatically attached to the title deeds of the properties which are due. If the taxes are left unpaid beyond the deadline, delinquent property taxes can turn into a lien against the property. If you do not remove the claim by paying the tax due, the property can be foreclosed on and auctioned in a tax delinquency sale.
Property Appraiser has a legal responsibility to study transactions and appraise property accordingly. They also track ownership changes, maintains maps of parcel boundaries, keep descriptions of buildings and property characteristics. Do you have any questions or suggestions? Please leave us a message in the comment section below.