From Village Hall · Wellington

Home Valuation and Property Taxes

Thu, Sep 3

Home Valuation and Property Taxes The annual tax notice and final tax bill for county homeowners contains much information on your home values that determine the amount of ad-valorem property taxes. Ad-valorem taxes use the taxable value of the home and a taxing authority’s millage rate to calculate the amount of tax due each year. Three home values appear on the property tax bill, and defined by the county property appraiser’s office as follows: Market Value – The estimated price a willing buyer would pay and a willing seller accept, both being fully informed and the property exposed to the market for a reasonable period. Official links: https://www.pbcgov.org/papa/homestead-exemption.htm https://www.wellingtonfl.gov/ImageRepository/Document?documentId=1905

Read at Village of Wellington official website (complete corpus) ↗Ask Fiona about this

Summary by Wellington Roundup, from Village of Wellington official website (complete corpus). The full story is at the source; we link, we don’t reprint. Provenance: wellingtonfl.gov public sitemap page (government).