MARTIN COUNTY PROPERTY APPRAISER LAUREL KELLY, CFA

Fun Facts Real property parcels ………...………………………………………………. 94,532

Full time & part time employees.……..…………….……………… 43

Commercial & industrial parcels ….…………………..…………………….3,525 (3.7% of RP parcels)

Tangible personal property accounts …………………………….……. 13,351

Total just value……..………………………………………...………..…$26.4 Billion

Total taxable value of commercial/industrial ………….…... $4.9 Billion (26% of Total Taxable)

Rev 10/15

Total taxable value..………………………………………...………..…$18.6 Billion

Fun Facts cont’d Single family homes…………...………………………………………………. 47,086

Limited income senior exemptions ……………………………………… 2,335

Residential condominium units…………………………………………… 14,678 Mobile homes owning land………………………………………….………. 4,706 Properties with homestead (45% of all prop) ………………………43,051 Largest house contains 17,806 square feet of A/C space

Rev 10/15

Houses built before 1940 ……………..……………………………………….. 477 Restaurants………………………...…………………………………………………… 424 Golf courses………………………………………………………………………………. 34 Parks & conservation areas………………………………………….………….. 130 Highest sale on a single family home …………………..…….… $38 Million

Fun Facts cont’d

Rev 10/15

Top ten taxpayer values:

Florida Power & Light Company (RP & TPP).………......… $2 Billion Indiantown Cogeneration LP (RP & TPP)………….……$99.4 Million Treasure Coast-JCP Assoc LTD (RP & TPP)……….…... $81.6 Million

Florida Gas Transmission Co (RP & TPP)…………...…. $45.8 Million Gulfstream Natural Gas Sys LLC (TPP)………….…...... $36.7 Million Jeffrey H Sands (RP)…………………………………….…...... $36.1 Million Florida East Coast Railway LLC (RP & CA)…….…......... $36 Million Edward H Hamm (RP)………………………………...…....... $33.6 Million

Tiger Woods Properties (RP)………………….…………...…. $56 Million

Sandhill Cove Properties Inc (RP & TPP)..…...…....... $29.5 Million

Fun Facts cont'd

0

100,000

200,000

300,000

400,000

2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

Median Sale Price

Median Sale Price of Single Family Homes (Arms Length)

2006……$345,000 (Peak) 2007……$313,450 2008……$262,500 2009……$222,500 2010……$225,000 2011……$205,000 (Low) 2012……$219,900 2013……$250,000 2014……$270,000 2015……$280,000

Rev 10/15

Fun Facts cont’d

0

200

400

600

800

1,000

1,200

1,400

1,600

1,800

2,000

2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

2006………1,673 2007………1,738 (Peak) 2008…………840 2009…………346 2010…………179 (Low) 2011…………218 2012…………220 2013…………316 2014…………380 2015…………391

Number of Houses Added to the Tax Roll

Rev 10/15

TPP Deadlines & Annual Mailings

Rev 10/15

Waiver cards mailed on January 5th

Business returns will be mailed January 20th

Reminder Letters are mailed Mid March

Exemption denial letters mailed by July 1st

TPP Extension Request

Rev 10/15

On January 1st the TPP Extension Request becomes available on our website and turns off April 1st.

Tangible Personal Property Value Estimates

Rev 10/15

Detailed asset lists vs providing lump sums

Value estimates using NAICS code on business owners that fail to file

Reporting Leased Equipment

Rev 10/15

How to report leased equipment for business owners.

When equipment should be leased by an owner or a lease company.

Topics 1. Key Factors of Ad Valorem Taxable Value

Growth & Comparisons between Treasure Coast Counties

2. The Save Our Homes Benefit & Non-Homestead Cap

3. New Website Features

Key Factors of Ad Valorem Taxable Value Growth

1. Strong Local Real Estate Market Rising Market Values Supported By: Increase in Sale prices (High Demand, Limited Supply)

Increase in Rental Income (High Demand, Limited Supply)

Sale activity/volume

Key Factors of Taxable Value Growth

2. A County’s Homestead to Non-Homestead Ratio

Save our Homes / Homestead Cap since 1995

Not to exceed lower of the following: Maximum of 3%

Percent change in CPI (.8% for 2015)

Key Factors of Taxable Value Growth 2. A County’s Homestead to Non-Homestead Ratio Non-Homestead assessment increase limitation

Always 10%

Began 2009

First real estate expansion where all real property parcels have a

potential cap

Capping exceptions New construction in 1st Year

Most sales (Excluding Portability / Assessment Transfer)

Parcels with a Classified use (2,400 Agricultural classified parcels)

Key Factors of Taxable Value Growth 2. A County’s Homestead to Non-Homestead Ratio Ratio regulates the potential for taxable value of real property

to grow

10% Cap 0.8% Cap

Homestead to Non-Homestead Ratio

Example of 50% / 50% Ratio

Key Factors of Taxable Value Growth

48.35% 51.65%

Martin

51.59% 48.41%

Indian River

55.35% 44.65%

Saint Lucie

$ 11,607,599,318

$ 10,864,935,575

$ 9,176,703,599

$ 9,778,013,821

$ 8,792,791,471

$ 10,897,788,174

* Data From 2015 DR-403V (Excludes Classified Uses & Tangible Personal Property

Homestead Market Value (.8% Cap) Non-Homestead Market Value (10% Cap)

Treasure Coast County’s Ratio Comparison

Key Factors of Taxable Value Growth 3. Net New Value / New Construction Has direct impact to taxable value increase. No caps applied

in the 1st Year

Regularly reported new value categories according to the Florida Department of Revenue (DOR): New construction and additions

Annexation

Subtracts deletions (demolitions)

Key Factors of Taxable Value Growth

COUNTY 2015 Taxable Value (Net New Value)

2015 Total Taxable Value

2015 Net New Value as % of Total Taxable

Martin $ 188,416,794 $ 18,630,861,777 1.01 %

Indian River $ 172,966,581 $ 14,347,156,036 1.21 %

Saint Lucie $ 84,539,883 $ 16,316,389,398 0.52 %

3. Net New Value / New Construction

* Data From 2015 DR-489V

Key Factors of Taxable Value Growth

COUNTY 2015 Taxable Value

2014 Taxable Value

1 Year % Increase

Martin $ 18,633,364,511 $ 17,713,775,850 5.19%

Indian River $ 14,301,405,281 $ 13,402,059,461 6.71%

Saint Lucie $ 16,322,236,568 $ 15,627,853,623 4.44%

2010 Taxable Value

5 Year % Increase

$ 17,487,143,925 6.55%

$ 14,139,034,830 1.15%

$ 15,013,709,614 8.72%

2005 Taxable Value

10 Year % Increase

$ 17,685,232,225 5.36%

$ 14,242,739,175 0.41%

$ 17,531,857,063 -6.90%

Taxable Value Growth

Key Factors of Taxable Value Growth 15 Year Taxable Value Growth Trends

-

5,000,000,000

10,000,000,000

15,000,000,000

20,000,000,000

25,000,000,000

30,000,000,000

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

Martin Indian River Saint Lucie

Key Factors of Taxable Value Growth There are many other factors that have an impact on taxable

value growth

These 3 factors have been recognized as having a significant role Local Real Estate Market

Capping Ratio (Homestead to Non-Homestead)

Amount of Net New Value (New Construction)

State laws have been established to protect property owners and taxing authorities from the volatilities of the real estate market.

SAVE OUR HOMES – DOR WEBSITE INFO

TRIM Notice - Save Our Homes Benefit Example

APPLIED ASSESSMENT REDUCTIONS

TRIM Notice - Save Our Homes Benefit Example cont’d

X 1.008 = 320,850 DIFFERENCE DIFFERENCE

X .018 (18 mills) = $812.88

MARKET ACTIVITY STATE LAW (2015 SOH CAP 0.8%)

PORTABLE SAVINGS!

*2013 SALES

*2014 SALES

TRIM Notice – Non Homestead 10% Cap Example

DIFFERENCE

X .011 (11 - non school mills) = $286

NOT PORTABLE SAVINGS

MARKET ACTIVITY

* 2013 SALES * 2014 SALES

STATE LAW (Non Homestead 10% Cap applies only to Non School Millage)

280,000 X 1.10 = 308,000

Ad Valorem Tax on $200,000 Taxable Value in each Taxing District

TAXING DISTRICT TAXABLE VALUE TOTAL MILLAGE *TAXES

$200,000 18.8060 $3,761.20

$200,000 18.4003 $3,680.60

$200,000 17.9547 $3,590.94

$200,000 17.5126 $3,502.52

$200,000 17.2405 $3,448.10

$200,000 16.8433 $3,368.66

CITY OF STUART

CITY OF STUART

TOWN OF SEWALL’S POINT

TOWN OF SEWALL’S POINT

TOWN OF JUPITER ISLAND

TOWN OF JUPITER ISLAND

TOWN OF OCEAN BREEZE

TOWN OF OCEAN BREEZE

HUTCHINSON ISL. (COUNTY UNINCOP.)

HUTCHINSON ISL. (COUNTY UNINCOP.)

COUNTY UNINCORP.

COUNTY UNINCORP.

* EXCLUDES NON AD VALOREM ASSESSMENTS (SPECIAL ASSESSMENTS)

New Website Features

Martin County GIS Online Map Tool (MC Maps)

County Property Information Lookup

Online Homestead Application

New Website Features (MC Maps) County GIS Online Map Tool

MC Navigator is now MC Maps

New Updates & Enhancements

New Desktop Look & Additional Tools New Layers (Foreclosure Layer)

Mobile Friendly

New Website Features (MC Maps) Several ways to access the new MC Maps

Direct through URL http://geoweb.martin.fl.us/general/

From Martin County Website: Search MC Map in their new

search window and scroll down to general map.

From Property Appraiser Website: Click Property and Map Searches from home page and scroll down to Access the MC Maps Search button.

There is a map link on the Property Appraiser property summary page for individual properties.

New Website Features (MC Maps) New Desktop Look & Additional Tools

Parcel Search Layer List Historic Images Draw Measurement Help Legend Print Street View

New Website Features (MC Maps) New Desktop Look & Additional Tools

Buffer Graphic Tool found under Location Tab of Parcel Search

New Website Features (MC Maps) New Desktop Look & Additional Tools

New Street View Available in MC Maps

New Website Features (MC Maps) New Layer (Foreclosure Layer)

Highlighted parcels have a certificate of title recorded in the year represented by color

New Website Features (MC Maps) Large List of Informative Layers

New Website Features (MC Maps) Large List of Interactive Maps http://geoweb.martin.fl.us/maps/

New Website Features (MC Maps) MC Maps is configured to work on Mobile Devices

Website Features (MC Property Info Lookup)

County Property Information Tool Desktop & Mobile Friendly Versions

Provides valuable information for Properties

including flood zone, land use, building wind speed, school zones, utilities & solid waste, elected officials, and link to property appraiser site.

Website Features (MC Property Info Lookup) Several Ways to Access Martin County Property

Lookup Direct through URL http://geoweb.martin.fl.us/info/

From Martin County Website: Search Property Information in their new

search window and click Find Information on Property in Martin County

From Property Appraiser Website: Click Property and Map Searches from home page and scroll down to Access the Property Information Summary Page.

There is also a link map link provided in Parcel Search Results from MC Maps.

Website Features (MC Property Info Lookup) Example Desktop Search Screen

Website Features (MC Property Info Lookup)

Example of Full Desktop Property Information Lookup page

Map window is interactive so you can pan and select other properties

Clicking on Parcel # at top will bring you to Property Appraiser Site for property

Website Features (MC Property Info Lookup)

Website Features (MC Property Info Lookup) MC Property Info Lookup is configured to work on Mobile Devices

New Online Homestead Application Modeled after Lake County Property Appraiser’s Online

Application.

Focused on being user friendly & intuitive to use

Provides ability to completely apply for basic homestead exemption and begin application process for all other exemptions.

Convenience for users (public) by saving time and being able to file 24/7

Reduction in foot traffic related to exemption applications

2012 2013 2014 2015 2016 3,145 3,877 4,126 4,564 ????

New Online Homestead Application

How to access the New Online Homestead Application process.

Can be located from Property Appraiser home

page by clicking the Online Homestead Application button

Also available in the Property Appraiser home page drop down menu under Homestead & Exemptions.

New Online Homestead Application Front Disclaimer Page

New Online Homestead Application List of all available exemptions

New Online Homestead Application Example of

single application questions

Example of dual application questions

New Online Homestead Application Review application page allows ability to correct mistakes prior

to submitting information

New Online Homestead Application Example of Terms & Conditions / Sign & Submit page

New Online Homestead Application Example of Confirmation page.

New Online Homestead Application Example of automated email confirmation

New Online Homestead Application Post online application processing

Exemption clerks will review application and

request additional required information through email or phone.

Denials sent out by July 1st.

Exemptions will appear on annual TRIM

Value Adjustment Board

Rev 10/15

Sale of “Dark Box” stores represents market value of productive, well located property.

• Location of a dark box store no longer meets market demands.

• Functionality of dark box store improvements no longer meets market demands.

Arguments used by tax reps trying to reduce real property value.

Value Adjustment Board

Rev 10/15

• Inutility based on business directly represents value loss to TPP.

• Inutility of Asset versus inutility of Business.

Arguments used by tax reps trying to reduce tangible personal property values.

Agricultural Classification “bona fide, commercial agricultural use”

Rev 10/15

Now requesting current copy of IRS Form 1040F. Require current business license Leased property – Ag leases maintained in an

electronic database (Parties, expiration date, rate, etc).

My Open Door Policy Fairly appraise all properties, so you pay only your

required share of taxes. Treat everyone with courtesy, honesty and respect. Our public records are always open for inspection and

we will give you the time necessary to explain our methods and procedures.

The Property Appraiser’s office belongs to the people of Martin County.

My door is always open for questions, comments and concerns.

www.pa.martin.fl.us