Assessed property values drop 3%

Published: Friday, July 18, 2014 at 06:15 PM.

CHIPLEY - Washington County Property Appraiser Gil Carter recently certified the preliminary property tax roll, and the county's overall taxable value is preliminarily listed at $813,482,973 - down 3.23 percent from last year.

Carter says many factors can impact values, but this year's decrease is a standard deprecation in set value based on sales.

"Taxable values are down because the market is down right now," said Carter.

2014 values are based on the previous year's sales and do not reflect any sales or property improvements after December 31, 2013.

While values have decreased, it's too early to tell if property owners can look for a 3 percent drop in their tax bill as well.

The values have been submitted to the Florida Department of Revenue, as well as the local taxing authorities, which include the Board of County Commissioners, district school board, Northwest Florida Water Management (NFWMD), City of Chipley, and City of Vernon.

Those taxing authorities will soon set their millage rates so the appraiser's office can apply the numbers to the values to determine final bills.

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