A Property Appraiser is a professional who is paid to find flaws and property deficiencies in a property. Property Appraisers work under the supervision of an Appraiser, who is usually a licensed Realtor with a Master's degree in Appraisal Management. In Broward County, they are required to obtain a separate license to assess properties. They are bound by state and county regulations and are subject to disciplinary action if they fail to disclose material non-public information, fail to obtain all necessary licenses, or engage in other unethical practices.
The Florida Real Estate Settlement Procedures Act allows a new application to be filed with the Broward County Property Appraiser that gives them more time to investigate the claims made on the appraisal certificate. If a new application is filed after the due date, the old application will be withdrawn from the market and a new one will be filed. If a property appraiser does not find enough to support a new application, they may refer the case to the Board of Equalization for further proceedings. If the Board of Equalization finds merit in the claim, the case will then go back to the Appraiser for determination of the appropriate exemptions.
One such important exemption is the homestead exemption. The homestead exemption protects the property owner from any encumbrances, liens, or interests which would prevent them from living in their home and use it as their primary residence. This includes any mortgages, liens, or interests of any type which would interfere with the homestead. If a homestead exemption is granted, the appraiser has to remove the property from the market and allow the owner to purchase another homestead. If the homestead is restored and the property reverts to the owner, then this entire deal could be voided and a new application would have to be filed with the Appraiser.
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Another exemption includes the former residences of the resident family as well. This exception applies if a member of the family has been assessed and paid the amount of difference between the current market value of the property and the previous year's assessment amount. This can only apply if the residence was vacant at the time of assessment or if there was an error in the calculation. A resident family that lives in the home on the prior year and later gets a home assessment that significantly exceeds its market value, then the homestead exemption will apply. So, for example, if a home had an assessed value of three thousand dollars, and the appraiser gives it a market value of six hundred dollars, then the resident family would be able to get the exemption.
One more exemption comes from the Florida Property Appraiser's Manual. If a person has been living in Florida continuously for one full year after filing the initial homestead application, then the person can move into the state with a new application. For a period of six months after the person becomes a resident, he or she can file a new application with the Appraisal Commission to register the new ownership of real estate within Florida. This exemption is called the portability application.
A full exemption can only be used for real estate in Florida if there was a building, structure or portion of a structure built in Florida before the application was filed. It cannot be used for any residential or commercial property in Florida if the property owner did not construct or install the structure. Also, this exemption does not apply to permanently disabled first responders. A permanently disabled first responder is someone who must be totally disabled (usually paralyzed) before he or she may legally purchase and occupy a home.
One last homestead exemption in Broward County is for "residents." Residents here qualify for a full exemption if they are 65 years of age or older. This applies to the entire household. A second household must consist of two residents. A house in an assisted living facility does not qualify for this exemption. Also, if a homemaker is working in a residence and performing work that allows him to earn more than the residence allows, he does not have to pay Florida any money in excess of what the resident's income would allow in order to be exempt from paying Florida property taxes on his or her own income.
If you plan to sell your house before the end of the calendar year in which you get your exemption, you must mention it on the check you write to the Appraisal Company. If you do not mention it on the check, the Appraisal Company will assume that you meant to buy it and you will not get an exemption. If you buy a house during the year when you get your exemption and then try to sell it before the end of the year in which you get your adjusted gross income limitation, you may not get an exemption. You must mention it on the check you write to the Appraisal Company. Failure to mention it on the check can lead to a $1000 fine.
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