How often are properties reassessed?
Per Section 192.042, Florida Statutes, all property in the state is reassessed every year. Also, Florida law sets that assessments are done a year in arrears with January 1 being the statutory date for determining the annual assessment (i.e., what the property was worth as of 1/1/09). This means your 2009 assessment — the amount used for your November 2009 tax bill — is based on the qualified sales in your neighborhood (excluding non-arm’s length transactions, etc.) between January 2, 2008 and January 1, 2009. Any drop in value after January 1, 2009, will be reflected in your 2010 assessment.
Per Section 192.042, Florida Statutes, all property in the state is reassessed every year. Also, Florida law sets that assessments are done a year in arrears with January 1 being the statutory date for determining the annual assessment (i.e., what the property was worth as of 1/1/10). This means your 2010 assessment — the amount used for your November 2010 tax bill — is based on the qualified sales in your neighborhood (excluding non-arm’s length transactions, etc.) between January 2, 2009 and January 1, 2010. Any drop in value after January 1, 2010, will be reflected in your 2011 assessment.
