Property values generally hold steady

Published: Friday, July 5, 2013 at 09:00 AM.

When prices are moving up, as was historically the case for decades, that system works to the advantage of the property owner who can, over those six months, see the value of property move higher on the market than the county assessment.

When the market declines, however, property owners can be in retreat on value compared to assessment for a given year.

The BOCC and Coastal Community Association lobbied state lawmakers to allow the use of bank and short sales, which were accounted for the first time in 2012.

The Property Appraiser’s Office assesses 17,527 properties in the county; 1,211, or just 6.9 percent, are not taxable and the vast majority of those properties are owned by government, local, state and federal.

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