What is a notice of value?

A notice of value is a document that is issued by a taxing authority like the state, county, or municipality in Florida that informs a taxpayer of the taxable value of their property. This document is typically sent out annually and serves two primary functions. First, the notice of value provides the taxpayer with an estimate of the amount of taxes they will be required to pay based on the value of their property. This allows taxpayers to budget for the upcoming year and to determine if they need to make changes in order to reduce their overall tax burden. Second, the notice of value serves as an official record of the taxable value of a property. This value is used in determining what the total amount of taxes owed on the property would be if it were sold at its assessed value. In conclusion, a notice of value is a document that is issued by a taxing authority to determine the taxable value of a property and to provide the taxpayer with an estimate of their tax burden. This document serves as an important tool for taxpayers to budget for the upcoming year and to plan ahead for future taxes.

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What is a notice of value?

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