What is a property tax assessment board?

Property tax assessment boards are important bodies that assess and determine the value of a property for the purpose of taxation. In Florida, they are called Value Adjustment Boards (VAB). The board is made up of members appointed by the county commission, school board, as well as a couple of elected citizens. The primary purpose of the board is to make sure that a property is assessed fairly and accurately for the purposes of taxation. It also serves as an impartial review board for property owners who feel their property’s value has been determined incorrectly. If a property owner is not satisfied with the assessment, they have the right to petition the board for review. The board will go through a review process, analyze any relevant evidence and come to a fair conclusion about the value of the property. This is done to ensure that the taxpayer pays an equitable amount of taxes based on the property’s true value. The board also has the authority to grant exemptions or special assessment adjustments for taxpayers who are eligible. Overall, the property tax assessment board is an important factor in ensuring that property taxes are assessed fairly and equitably in Florida. Its members are committed to ensuring that taxpayers receive accurate information regarding their property’s value and that tax assessments are fair and accurate.

Related FAQs

What is the average property tax rate in my state?
What is a property tax rebate?
What is a mill levy?
What is a homestead exemption?
What is a “split roll” property tax system?
How do I calculate the property tax increase on a new assessment?
What happens if my property value increases?
What is a property tax lien?
How can I calculate my property tax rate?
What credits or deductions can I get for my property taxes?

What is a property tax assessment board?

Related FAQs

Related Blog Posts