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MR. LAW DISCUSSED THE TABLE -OF "WEIGHTED MEANS," NOTING <br />THAT THERE ARE TWO COUNTIES IN THE 50% BRACKET, 6 AT 60%, 33 AT 7n%, <br />23 AT SO%, (WHICH INCLUDES INDIAN RIVER COUNTY), ONE AT 90% AND <br />ONE AT 100%. HE STATED THAT FOR THE PAST TWO YEARS HE HAS BEEN WORK- <br />ING WITH THE COUNTY ROLL TRYING TO GET IT TO WHAT HE HOPED WOULD­BE <br />AN ACCEPTABLE LEVEL FOR THE D.O.R., BUT THEY NOW HAVE CHANGED THE <br />RULES OF THE GAME AND BY USING THE "WEIIGHTED MEAN" FOR EACH STRATA <br />OF CATEGORY, HAVE DRAGGED DOWN OUR PERCENTAGE OF ASSESSMENT. HE <br />INFORMED THE BOARD THAT THEY HAVE INDICATED A NEED FOR CORRECTIVE <br />ACTION, AND IT ALL BOILS DOWN TO A COMPLETE RE-EVALUATION OF THE <br />ENTIRE COUNTY. <br />PROPERTY APPRAISER LAW INFORMED THE BOARD THAT IT NOW IS <br />A STATEWIDE ORDER FOR ALL COUNTIES TO BE AT FULL ASSESSMENT LEVEL <br />THIS COMING YEAR. THIS PRESENTS THE PROPERTY APPRAISER WITH AN <br />ALMOST IMPOSSIBLE TASK BECAUSE IT WILL REQUIRE DOING THE EQUIVALENT <br />OF AT LEAST 18 MONTHS' WORK IN A PERIOD OF SIX MONTHS IN ORDER TO <br />MAKE THE .JULY IST DEADLINE FOR THE ROLL. MR. LAW COMMENTED THAT THE <br />D.O.R. APPARENTLY IS VERY SINCERE ABOUT THIS ORDER AND ALREADY HAS <br />MADE CHANGES IN THEIR DEPARTMENT WHICH INDICATE THEY ARE GEARING UP <br />FOR THE SUIT THEY HAVE THREATENED AGAINST THE PROPERTY APPRAISERS <br />AND THE COUNTIES IF THE ROLLS ARE NOT BROUGHT UP TO THEIR STANDARDS. <br />MR. LAW THEN DISPUTED THE D.O.R.'S APPROACH AND INTERPRE- <br />TATION OF WHAT IS FULL JUST VALUE AND ALSO HOW THEY ESTABLISH THEIR <br />"MARKET VALUE." HE DISCUSSED THE SPIRALING INCREASES IN SALES <br />PRICES OF PROPERTIES IN THE COUNTY, GIVING EXAMPLES OF INCREASES <br />IN ONE YEAR'S TIME OF 24%, 44%, 66%, AND EVEN 114%. ALTHOUGH IT IS <br />OBVIOUS THAT PROPERTY VALUES ARE INCREASING, MR, LAW FELT THE D.O.R. <br />IS WRONG IN NOT QUALIFYING THE SALES AND THAT SALES SUCH AS THOSE <br />ABOVE DO NOT ESTABLISH A TRUE MARKET. HE NOTED THAT IF WE ARE RE- <br />QUIRED TO GO TO 100%, THESE ARE THE TYPE INCREASES WITH WHICH WE <br />ARE FACED. <br />THE PROPERTY APPRAISER THEN WENT ON TO REVIEW THE POSSI- <br />BILITIES DISCUSSED AT THE MEETING OF THE STATE PROPERTY APPRAISERS <br />ASSOCIATION, WHICH INCLUDED CHALLENGING THE ERRORS IN THE D.O.P.'S <br />42 4:53 <br />JAN 91990 <br />37 flox <br />