What is the “taxable value” of my property?

In Florida, taxable value is a term used to describe the total value of a property that is used to determine its property tax amount. The taxable value of a residential or commercial property can vary greatly from its actual market value, depending on the factors that are taken into consideration for calculating the property tax rate. The property tax rate in Florida is based on the taxable value of the property, and not the property’s actual market value. The taxable value of a property is determined by the Florida Department of Revenue using a formula, which takes into account the property’s size, usage, location and condition, the year it was built, the assessed values of surrounding properties, as well as other factors. In order to assess the taxable value, detailed records are kept of all the property that is being taxed. The taxable value is then used to calculate the amount of property tax that is due. Property tax rates vary from county to county, so the amount of property tax you owe will depend on where you live. Additionally, certain exemptions may also apply to the taxable value of a property, which can further reduce the amount of property tax you owe. To figure out the taxable value of your property in Florida, you can contact the local county appraiser’s office. The appraiser’s office will be able to provide you with the necessary information to calculate the taxable value of your property. This information will then be used to determine the amount of property tax that is due.

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What is the “taxable value” of my property?

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