NEW YEAR, NEW ASSESSMENT
January 1 is the assessment date for all property located in Saint Lucie County. The value of your property is based on the market value as of January 1, annually.
The Property Appraiser’s Office determines the value of your property annually with a valuation date of January 1. We do not create value; value is created by transactions that occur in the marketplace. The Property Appraiser’s Office has the legal responsibility to study the transactions and assess property at Fair Market Value. This is accomplished by considering the three traditional approaches to value: Comparable Sales Approach, analyzing qualified arms-length sales of similar properties; Cost Approach, the current cost to replace the property, less depreciation for condition and other obsolescence; and Income Approach, capitalizing the Net Income generated by the property.
New Year, New Assessment!
Best wishes for a prosperous and productive 2019.
Have you filed for your exemptions? File online at www.paslc.org. The deadline to file is March 1 of the tax year for which you are applying.
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