marion county property appraiser is a professional that is hired to determine values of residential and commercial real estate in Marion County, Florida for tax purposes. It administers all property and personal liens allowed by Florida Law. They determine the value of the real property by performing an assessment of the land and its current condition.

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They also take into consideration the condition of all fixtures and exterior structures on the site. This would include how much work has been done on them; if any structural repair is needed; and any other conditions that affect the value of the property as it exists today. All of this information will be utilized to determine the value of the properties in Marion County. This is how the county property appraisers determine the value of your homes.

 

The three types of appraisal techniques used by the majority of the Marion County property appraisers are: replacement cost, income based replacement value and sales comparison. Each of these techniques requires different adjustments for properties located in different parts of Marion County. For instance, replacement cost uses the amount of money that you would have to spend in order to rebuild or repair the property based on what it is currently worth. Income based replacement value is based on the current income level of the residents of the area. Sales comparison is usually employed by most property appraisers.

Hiring a Marion County Property Appraiser

 

If you are considering purchasing residential properties in Marion County, you may want to hire an independent certified appraiser, known as a certified property appraiser, to determine the value of your property. An independent certified appraiser will have training and experience in dealing with residential properties. Most certified appraisers work under the supervision of a supervisor. Below is a description of the major areas handled by a certified property appraiser.

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Appraisal Methods: There are two major appraisal methods commonly used by qualified appraisers. These methods are: sales comparison and income-based replacement value. The income-based appraisal method is also known as the honorable villie smith method. The sales comparison method, on the other hand, is generally employed by the Certified Residential Appraiser (CRAA).

 

Information about each method is detailed in the paragraphs below. In addition, you will find out how CRAA differs from the traditional CMA. You will also discover exactly how a Hardship Note is different from a Special Needs Note and how you should hire a Hardship Note/Special Needs Assessment Specialist instead. After reading this article, you will be able to determine if you need to hire an appraiser, a CMA or a Hardship Note appraiser when it comes to selling or buying residential Marion County property.

 

Sales Comparability/Price Comparison: A sales comparison involves comparing the identical item or items in terms of price, location, and service with other similar items in the area. It compares apples to apples. A Hardship Note or Special Needs Note has special conditions that must be met in order to sell it. As a result, it is set at a much higher selling price than the typical property assessment field. This is why many counties in Marion County refuse to use the sale price in their valuation field, yet they use the sales comparison standard for all other properties in the county.

 

Not All Appraisals are Created Equal: There are many different types of appraisals. While each type is usually fair, the problem with most appraisals is that they don't take into account the items that need to be noted or taken into consideration in order to value the property correctly. This is why I strongly recommend hiring an experienced, knowledgeable and licensed real estate professional that is well trained in Marion County Real Estate Appraisals. My favorite are the two in Marion County, although they are not the only two; you are encouraged to review your local market and specific areas in your area for more information on specific types of appraisals. Good luck!

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