Pickens County Reassessment Program. Utilizing CAMA GIS MLS SQL

Transcription

1 1 Pickens County 2019 Reassessment Program Utilizing CAMA GIS MLS SQL

2 Pickens County Reassessment History 1980 Countywide Reappraisal 1990 Countywide Reappraisal 1999 Countywide Reappraisal 2004 Countywide Reappraisal Implemented in Countywide Reappraisal Implemented in Countywide Reappraisal 2019 Countywide Reappraisal 2

3 Countywide Reassessment 2019 Tax Year WHY?

4 SOUTH CAROLINA LAW SECTION Quadrennial reassessment; postponement ordinance. (A) Once every fifth year each county or the State shall appraise and equalize those properties under its jurisdiction. Property valuation must be complete at the end of December of the fourth year and the county or State shall notify every taxpayer of any change in value or classification if the change is one thousand dollars or more. In the fifth year, the county or State shall implement the program and assess all property on the newly appraised values. (B) A county by ordinance may postpone for not more than one property tax year the implementation of revised values resulting from the equalization program provided pursuant to subsection (A). The postponement ordinance applies to all revised values, including values for state-appraised property. The postponement allowed pursuant to this subsection does not affect the schedule of the appraisal and equalization program required pursuant to subsection (A) of this section. (C) Postponement of the implementation of revised values pursuant to subsection (B) shall also postpone any requirement for submission of a reassessment program for approval by the Department of Revenue. January 2019 Reappraisal 2019 Pickens County Assessor's Office 4

5 2019 Reassessment Program Strategy, Staff Training, and Timelines Design Reassessment Queries in SQL Document and Schedule Batch Processes

6 The Mass Appraisal Assignment Mass Appraisal of 68,700 total accounts Appraising a large number of properties by adopting techniques and using the appraisal process in order to achieve uniformity and equity for tax purposes. The Mass Appraisal includes: Identification of properties to be appraised Defining market areas of consistent behavior that applies to properties Identify supply and demand in the market that impacts value Develop and calibrate a model structure that reflects the relationship among the characteristics affecting value Analyze and apply the conclusions to the market model Review, modify, and measure the results

7 The Appraisal Process Data Collection and Processing Photos Market, Income and Cost Data Sales monitoring and analysis Study of local economic trends and markets Market based depreciation studies New construction activities and markets Ratio study and appraisal accuracy measurements New construction trends and developments December 31, 2018 appraisal date

8 VALUATION APPROACHES MARKET INCOME COST RECONCILE IMPLEMENT

9 Market Approach Searching for Comparable Sales in our Database and MLS The appraiser will try to find homes that have sold that match yours as closely as possible.

10 Subject and Comparable Sales Subject Comp 1 Comp 2 Comp 3

11 Let s review some of the more important data items. What s the Market Value? 1. Location 4. Quality 7. Exterior Improvements 2. GLA Square Feet 5. Condition 8. Land Description 3. House Style Design 6. Interior Description 9. Highest and Best Use Compare Capped Value to Market Value January 2019 Reappraisal 2019 Pickens County Assessor's Office 11

12 Pickens County Reassessment Appeal History 1980 Countywide Reappraisal N/A 1990 Countywide Reappraisal 6,753 Appeals 1999 Countywide Reappraisal 5,752 Appeals 2004 Countywide Reappraisal 4,552 Appeals 2009 Countywide Reappraisal 3,487 Appeals 2014 Countywide Reappraisal 1,265 Appeals 2019 Countywide Reappraisal? Appeals

13 Pickens County Reassessment History 1980 Appeals N/A 1990 Appeals 6, Implemented Appeals 5, Appeals 4, Implemented 2010 Appeals 3, Appeals 1, Appeals?

14 STATUTORY APPEAL TIMELINES

15 APPEAL METHOD 2014 REASSESSMENT WALK INS 28% TAX YEAR MAIL WALK INS FAX FAX 0 0% MAIL 72% 910

16 APPEAL METHOD 2010 REASSESSMENT

17 Mass Appraisal of 68,700 accounts Accounts Types

18 REVENUE PERCENTAGES Tax Base Components Personal Property. 1.35% State Assessed % Vehicles % Real Property % January Reassessment Program - Pickens County Assessor's Office 19

19 Shift in Tax Base Components % 9.43% 14.09% 9.96% 14.52% 0.91% Real Property Vehicles State Assessed 75.61% 74.59% Personal Property January 2019 Reappraisal 2019 Pickens County Assessor's Office 20

20 15% CAP LAW SC Code of Laws: thru 3170 Act 388 or the TAX CAP Law limits the increase in property value by 15% during a Reassessment unless there is an ATI conveyance which removes the 15% cap. The remainder value above the capped value is considered an exemption. Areas or properties experiencing higher levels of value growth will receive more exemption than those increasing at lesser amounts. This value stays in place for the five year cycle the property is sold or improvements are made. January 2019 Reappraisal 2019 Pickens County Assessor's Office 21

21 Working With Your Assessor You must make a case that the assessor is wrong and you are right and you must name a specific figure to which you wish your assessment reduced. The assessor, because of his or her knowledge of property valuation, is presumed to be right unless the contrary can be shown. Evidence of value can be a recent purchase price or appraised value of your home or sales of similar properties. Your ability or your inability to pay your Real Property Taxes does not constitute evidence.

22 The Players Responsibility Political Subdivisions County-School-Fire-Water and Sewer-Towns-Special Purpose Tax Administration The Taxpayer County Administrator Finance Director and Department Managers City Administrators School Districts Assessor Auditor Treasurer Delinquent Tax Office County Board of Assessment Appeals SC Department of Revenue SC Administrative Law Court Court of Appeals - Supreme Court January 2019 Reappraisal 2019 Pickens County Assessor's Office 23

23 Distribution of Tax Money Cost of Services Property tax revenue helps pay the costs of local services provided by Schools County-City-Town Public Safety Fire Protection Road and Bridges Emergency Medical Services Water and Sewer Systems The Judicial System Public Libraries January 2019 Reappraisal 2019 Pickens County Assessor's Office 24

24 The Results Measurements Capped Values and Market value appraisals as of December 31, 2018 Approval from the SC Department of Revenue Ratio Studies and Equity measurements-iaao Standards Median Coefficient of Dispersion Coefficient of Variation Forecasting the number of appeals Millage and Rollback millage rate calculations Reapportionment of the State Property Tax Relief Exemption Studying tax shifts Timely responses and sharing information to the taxpayer citizens of Pickens County January 2019 Countywide Reassessment 2019 Pickens County Assessor's Office 25

25 Millage Rate BUDGET ( ) Total Assessed Value = Millage Rate A mill is always equal to 1/1000 of a dollar. Per Mille (Latin, literally meaning 'for (every) thousand') is a tenth of a percent or one part per thousand. A per mil is defined as: 1 = 10 3 = = = 0.1% The mill levy is simply the tax rate levied on your property value, with one mill representing one tenth of one cent. So, for $1,000 of assessed property value, one mill would be equal to one dollar. $1,000 x = $1.00 Tax levies for each tax jurisdiction in an area are calculated separately and then all the levies are added together to determine the total mill rate for an entire region. Generally, the city, county and school district each have the power to levy against the properties in their boundaries. So each entity would calculate its required mill levy, and it would all be tallied up to equal the total mill levy. For example, if the millage rate is mills, and the assessed value is 1,000, the tax amount on the property is $ January 2019 Countywide Reassessment 2019 Pickens County Assessor's Office 26

26 Millage Rate = Budget Requirement Taxable Assessed Value

27 The Property Tax Equation The general equation that can be used to calculate property tax is as follows: Millage Rate x (Taxable Market Value x Assessment Ratio) 1000 We can test this formula by calculating the property tax on the example property we discussed above. Let's say the property's taxable market value is $100,000, and the property has an assessment ratio of 6% and a millage rate of x ($100,000 x 6%) 1000 In the above example, the property tax due on the property is $1, or the equivalent of 1.41% ($1,412.4/$100,000) of the property's fair market value. January 2019 Countywide Reassessment 2019 Pickens County Assessor's Office 28

28 ROLLBACK MILLAGE RATE On the whole, real estate values have increased since 2014, therefore the post reassessment tax base will be larger. To prevent local governments and taxing entities from receiving a windfall, millage rates must be lowered to produce a increase that is limited to inflation (CPI) and revenue from new taxable property added in the prior year. January 2019 Reappraisal 2019 Pickens County Assessor's Office 29

29 Public Relations Greet customers with the respect that they deserve it s a little thing that leaves a lasting impression Listen to the taxpayer Ask questions that helps you... help them Explain the reassessment process Explain the initial-appeal process Understand this what some people may say is not directed to you as a person January 2019 Reappraisal 2019 Pickens County Assessor's Office 30

30 The Taxpayer & Assessor Working Together Taxpayers Participation Insure correct owner and mailing address Insure we have accurate data recorded in CAMA database to determine values and assessments Timely filing of all required documents What will the taxpayer see from us Prompt, courteous, and professional service State mandated notification Guidance regarding Appeal procedures and information Information through brochure, Internet, and staff S.C. Licensed appraisers Experienced and trained support staff January 2019 Reappraisal 2019 Pickens County Assessor's Office 31

31 County Board of Assessment Appeals CBOAA

32 CBOAA 164 CBOAA 113 CBOAA 257 CBOAA 187 CBOAA 111 Tax Year Tax Year Tax Year Tax Year Tax Year

33 The Taxpayer The Effects on Property Owners State Property Tax Relief Spread Thinner: Owner- occupied structures that qualify for the legal residence special assessment receive a credit against the school district s operating millage. One-hundred percent of the school-operating millage is exempt from property taxes for owner occupied structures. The state reimburses the school district for this exemption amount. Homestead Exemptions: Qualifying homeowners, age 65 or disabled, whose new appraisal is above 50,000 may see higher tax bills because a smaller proportion of their appraised value will be covered by the exemption. January 2019 Reappraisal 2019 Pickens County Assessor's Office 34

34 TAXES DON T INCREASE JUST BECAUSE THE VALUES INCREASE HISTORICALLY, AN INCREASE IN PROPERTY VALUE DOES NOT EQUAL THE SAME INCREASE IN THE TAX DOLLAR AMOUNT January 2019 Reappraisal 2019 Pickens County Assessor's Office 35

35 Key Reassessment Dates Effective Reappraisal Date Dec. 31, 2018 Reassessment Implementation Year 2019 Tax Year Reassessment Notices Mailed Deadline to File 2019 Property Appeals Appeal Conferences Conducted by Phone In Person On Site County Board of Assessment Appeals 3rd Week Each Month Projection May 3, 2019 Projection August 1, 2019 Projection May 20, 2019 Projection July 15-18, 2019 First Tax Bills Impacted by Reassessment October 1, 2019 January 2019 Reappraisal 2019 Pickens County Assessor's Office 36

36 No.1 Question How much are my taxes? 2019 Countywide Reassessment

37 How much will I owe in taxes? The millage rates haven t been calculated. So, no one really knows right now.

38 2019 Reassessment

39 For more information Pickens County Assessor s Office