MARTIN COUNTY PROPERTY APPRAISER LAUREL KELLY, CFA

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1 MARTIN COUNTY PROPERTY APPRAISER LAUREL KELLY, CFA

2 Fun Facts Real property parcels ,532 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 $18.6 Billion Total taxable value of commercial/industrial.... $4.9 Billion (26% of Total Taxable) Full time & part time employees Rev 10/15

3 Fun Facts cont d Single family homes ,086 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 Limited income senior exemptions 2,335 Houses built before Restaurants Golf courses. 34 Parks & conservation areas Highest sale on a single family home... $38 Million Rev 10/15

Fun Facts cont d 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.

4 Fun Facts cont d 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 Tiger Woods Properties (RP)..... $56 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 Sandhill Cove Properties Inc (RP & TPP) $29.5 Million Rev 10/15

5 Fun Facts cont'd Median Sale Price of Single Family Homes (Arms Length) 2006 $345,000 (Peak) 2007 $313, $262, $222, $225, $205,000 (Low) 2012 $219, $250, $270, $280, , , , ,000 0 Median Sale Price Rev 10/15

6 Fun Facts cont d Number of Houses Added to the Tax Roll 2,000 1,800 1,600 1,400 1,200 1, , ,738 (Peak) (Low) Rev 10/15

7 TPP Deadlines & Annual Mailings Waiver cards mailed on January 5 th Business returns will be mailed January 20 th Reminder Letters are mailed Mid March Exemption denial letters mailed by July 1 st Rev 10/15

8 TPP Extension Request On January 1 st the TPP Extension Request becomes available on our website and turns off April 1 st. Rev 10/15

9 Tangible Personal Property Value Estimates Detailed asset lists vs providing lump sums Value estimates using NAICS code on business owners that fail to file Rev 10/15

10 Reporting Leased Equipment How to report leased equipment for business owners. When equipment should be leased by an owner or a lease company. Rev 10/15

11 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

12 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

13 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)

14 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)

15 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 Homestead to Non-Homestead Ratio 0.8% Cap 10% Cap Example of 50% / 50% Ratio

Key Factors of Taxable Value Growth Treasure Coast County s Ratio

10,864,935,575 $ 9,778,013,821 $ 10,897,788,174 Homestead Market

16 Key Factors of Taxable Value Growth Treasure Coast County s Ratio Comparison Martin Indian River Saint Lucie 51.65% 48.35% 48.41% 51.59% 44.65% 55.35% $ 11,607,599,318 $ 9,176,703,599 $ 8,792,791,471 $ 10,864,935,575 $ 9,778,013,821 $ 10,897,788,174 Homestead Market Value (.8% Cap) Non-Homestead Market Value (10% Cap) * Data From 2015 DR-403V (Excludes Classified Uses & Tangible Personal Property

17 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)

18 Key Factors of Taxable Value Growth 3. Net New Value / New Construction 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, % Indian River $ 172,966,581 $ 14,347,156, % Saint Lucie $ 84,539,883 $ 16,316,389, % * Data From 2015 DR-489V

19 Key Factors of Taxable Value Growth Taxable Value Growth COUNTY 2015 Taxable Value 2014 Taxable Value 1 Year % Increase 2010 Taxable Value 5 Year % Increase 2005 Taxable Value 10 Year % Increase Martin $ 18,633,364,511 $ 17,713,775, % Indian River $ 14,301,405,281 $ 13,402,059, % Saint Lucie $ 16,322,236,568 $ 15,627,853, % $ 17,487,143, % $ 14,139,034, % $ 15,013,709, % $ 17,685,232, % $ 14,242,739, % $ 17,531,857, %

20 Key Factors of Taxable Value Growth 30,000,000, Year Taxable Value Growth Trends Martin Indian River Saint Lucie 25,000,000,000 20,000,000,000 15,000,000,000 10,000,000,000 5,000,000,

21 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.

23 SAVE OUR HOMES DOR WEBSITE INFO

24 TRIM Notice - Save Our Homes Benefit Example APPLIED ASSESSMENT REDUCTIONS

25 TRIM Notice - Save Our Homes Benefit Example cont d MARKET ACTIVITY STATE LAW (2015 SOH CAP 0.8%) *2013 SALES *2014 SALES DIFFERENCE DIFFERENCE X = 320,850 X.018 (18 mills) = $ PORTABLE SAVINGS!

Millage) * 2013 SALES * 2014 SALES DIFFERENCE 280,000 X 1.

26 TRIM Notice Non Homestead 10% Cap Example MARKET ACTIVITY STATE LAW (Non Homestead 10% Cap applies only to Non School Millage) * 2013 SALES * 2014 SALES DIFFERENCE 280,000 X 1.10 = 308,000 X.011 (11 - non school mills) = $286 NOT PORTABLE SAVINGS

27 Ad Valorem Tax on $200,000 Taxable Value in each Taxing District * EXCLUDES NON AD VALOREM ASSESSMENTS (SPECIAL ASSESSMENTS) TAXING DISTRICT TAXABLE VALUE TOTAL MILLAGE *TAXES CITY OF STUART TOWN OF JUPITER ISLAND TOWN OF OCEAN BREEZE HUTCHINSON ISL. (COUNTY UNINCOP.) COUNTY UNINCORP. TOWN OF SEWALL S POINT $200, $3, $200, $3, $200, $3, $200, $3, $200, $3, $200, $3, HUTCHINSON ISL. (COUNTY UNINCOP.) COUNTY UNINCORP. TOWN OF OCEAN BREEZE TOWN OF SEWALL S POINT CITY OF STUART TOWN OF JUPITER ISLAND

28 New Website Features Martin County GIS Online Map Tool (MC Maps) County Property Information Lookup Online Homestead Application

29 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

30 New Website Features (MC Maps) Several ways to access the new MC Maps Direct through URL 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.

31 New Website Features (MC Maps) New Desktop Look & Additional Tools Parcel Search Layer List Historic Images Draw Measurement Help Legend Print Street View

32 New Website Features (MC Maps) New Desktop Look & Additional Tools Buffer Graphic Tool found under Location Tab of Parcel Search

33 New Website Features (MC Maps) New Desktop Look & Additional Tools New Street View Available in MC Maps

34 New Website Features (MC Maps) New Layer (Foreclosure Layer) Highlighted parcels have a certificate of title recorded in the year represented by color

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

36 New Website Features (MC Maps) Large List of Interactive Maps

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

38 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.

39 Website Features (MC Property Info Lookup) Several Ways to Access Martin County Property Lookup Direct through URL 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.

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

41 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

42 Website Features (MC Property Info Lookup)

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

44 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 ,145 3,877 4,126 4,564????

45 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.

46 New Online Homestead Application Front Disclaimer Page

47 New Online Homestead Application List of all available exemptions

48 New Online Homestead Application Example of single application questions Example of dual application questions

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

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

51 New Online Homestead Application Example of Confirmation page.

52 New Online Homestead Application Example of automated confirmation

53 New Online Homestead Application Post online application processing Exemption clerks will review application and request additional required information through or phone. Denials sent out by July 1 st. Exemptions will appear on annual TRIM

54 Value Adjustment Board Arguments used by tax reps trying to reduce real property value. 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. Rev 10/15

55 Value Adjustment Board Arguments used by tax reps trying to reduce tangible personal property values. Inutility based on business directly represents value loss to TPP. Inutility of Asset versus inutility of Business. Rev 10/15

56 Agricultural Classification bona fide, commercial agricultural use 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). Rev 10/15

57 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.

My Open Door Policy. Fairly appraise all properties, so you pay only your required share of taxes. Treat everyone with courtesy, honesty and respect.

My Open Door Policy. Fairly appraise all properties, so you pay only your required share of taxes. Treat everyone with courtesy, honesty and respect. 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