East Volusia Cities Just West Volusia Cities Just

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1 Volusia s Real Estate Market Recovery & other mind of morgan sorts of things. Presented to: VCARD Daytona Regional Chamber of Commerce Daytona Beach Area Association of Realtors Volusia Building Industry Association Morgan B. Gilreath Volusia County Property Appraiser June 3, 2016

2 Red = Declining Values Green = Increasing Values

3 East Volusia Cities Just West Volusia Cities Just Daytona Beach 8.5% DeBary 4.2% Daytona Beach Shores 6.4% DeLand 9.3% Edgewater 4.2% Deltona 11.2% Flagler Beach 10.0% Lake Helen 8.2% Holly Hill 6.5% Orange City 6.9% New Smyrna Beach 9.0% Pierson 3.2% Oak Hill 10.2% Ormond Beach 6.7% County-Wide Just Ponce Inlet 7.5% County 7.5% Port Orange 7.8% South Daytona 7.8%

4 East Volusia Cities Taxable West Volusia Cities Taxable Daytona Beach 9.6% DeBary 3.3% Daytona Beach Shores 6.4% DeLand 9.0% Edgewater 7.2% Deltona 8.4% Flagler Beach 9.5% Lake Helen 5.5% Holly Hill 5.4% Orange City 7.3% New Smyrna Beach 8.4% Pierson 4.3% Oak Hill 7.4% Ormond Beach 5.6% County-Wide Taxable Ponce Inlet 6.1% County 6.9% Port Orange 6.9% South Daytona 6.0%

5 1997 Year Built through Projected 2016 Year Built Permitted, to be completed in $400? $ 574

6 Jurisdiction Annexation Just Value New Construction Total Daytona Beach # 1 87,120 79,658,563 79,745,683 Daytona Beach Shores 146,736 2,260,370 2,407,106 DeBary 0 13,178,135 13,178,135 DeLand # 3 861,044 65,512,742 66,373,786 Deltona 0 17,838,533 17,838,533 Edgewater 1,015,355 9, ,813,846 Holly Hill 0 771, ,040 Lake Helen 0 430, ,601 New Smyrna Beach # 2 13,726,295 59,219,093 72,945,388 Oak Hill 392,653 2,016,045 2,408,698 Orange City 143,962 4,301,122 4,445,084 Ormond Beach # 5 677,430 39,398,389 40,075,819 Pierson 0 33,537 33,537 Ponce Inlet 0 4,757,333 4,757,333 Port Orange # 4 167,632 40,191,977 40,359,609 South Daytona 0 825, ,958 Unincorporated -County 0 60,315,149 60,315,149 Totals 17,218, ,507, ,725,305

7 Local Govt s can have more money without a Tax Increase examples It s all about the Rolled-Back Rate

8 Residential 69 % Commercial 24% Vacant Land 7%

9 72 %

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11 (4 months) Annual % Inc. 4.2% Over the 18 years, Median SFR Sales Prices average annual compounded rate of increase was 4.2%

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13 Developer Transfers : Warranty Deeds Developers are the Single-Family Vacant Market

14 Wow!

15 (4 months annualized) Projected Normal levels of activity

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18 Higher # s of Homestead Applications with lower % of Portability Applications means lots of new homeownerfolks are moving into newly constructed homes.

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20 Purchase of a new Computer Assisted Mass Appraisal (CAMA) System Updated software configurations Allows easier updates, additional techno-features (website, interactive maps, online exemption applications, etc.) Continued fair and equitable mass appraisal applications, but better interactivity with new technology Continuing to monitor the real estate marketplace Expanding the use of computerized maps: Within the Department Within the County With Cities Is Private Industry interested???

21 Newer Technology More sophisticated Sketch Tool Field Mobile capability Integration between CAMA and GIS New Web Ability to file for homestead and tangible personal property tax returns on line New Mapping Application for the Web

22 Savings by using Pictometry: Turning in 10 vehicles Through increased productivity, eliminated 8 field appraiser positions Efficiency with Pictometry: One-fifth reviews can be done on rainy days Measurements can be done in the office without having to go in gated back yards

23 Oblique Imagery is captured at an angle to provide a more views and better imagery Objects are easier to recognize and interpret Images are captured from north, south, east and west directions to provide a 360-degree view of every property and parcel Each pixel is georeferenced resulting in intelligent images that are actionable Ability to interact with the image to measure and extract data

24 Verification of building measurements Accurate capability of measuring the square footage of swimming pools Change Detection during review of our Property Record Card to what Pictometry shows Access to review properties behind locked gates, isolated properties, hard to access in general, etc. Verification of market influences

25 The appraiser uses two desktop monitors. One with our CAMA system and the other with Pictometry.

26 Link to Property Record Card

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31 Digital Aerial Mosaic Data Combined with RE Databases your analytic capability is only limited by your own imagination

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33 DeLeon Spring area & Lake Woodruff Wildlife Preserve Actual DeLeon Spring Spring Garden Ranch Horse-Track Lake Woodruff Lake Woodruff Wildlife Preserve US Hwy17N

34 DeLeon Springs

35 DeLeon Springs 20 Million Gallons water a day Air-bubbles from Scuba Divers down underground in the springs

36 DeLeon Springs 20 Million Gallons water a day Scuba Divers

37 Image 4 of 8 showed the divers out of the underground spring

38 The Old Mill Cook your own pancakes on your own table, with stone-ground pancake mix best you ever had

39 Spring Garden Ranch s Trotting-Horse Training Track(s) People from all over the USA bring Trotters & Pacers here in the winter months to train Restaurant & Viewing Stands Lots of Stables

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41 Lake Konomac Lake Monroe Mass Transit Sun-Rail Station

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45 Sun-Rail s DeBary Station Train s Arriving!

46 Mason Avenue Dunn Avenue Probable future interchange with a twist from mbg s digital view..more direct access to I-95 + assists in more direct evacuation during disasters and during Speedway events

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48 A question for you Private Sector are you interested in Digital, Visual, Econometric Modeling? pursue if you want to

49 Thank you for allowing me the privilege of meeting with you here each year. This is my favorite meeting and you have always been an incredibly hospitable groups. Morgan