Slide 1

Report
Contact
Information
860 W. 11th Street
Panama City, FL 32401
(850)248-8401
baypa.net
Dan Sowell, CFA
Property Appraiser
Responsibilities of the Property Appraiser
•To locate, identify, and accurately appraise all
properties subject to ad valorem taxes.
•To maintain property value roll equity and
fairness.
•To process allowable exemptions.
WE MEET OUR RESPONSIBILITIES BY:
•Conducting Frequent Reappraisals.
•Hiring and Retaining a Professional Staff.
•Making Market Data Available.
•Keeping Property Owners Informed.
The Property Appraiser has NO jurisdiction or
responsibility for district budgets, tax rates,
special assessments, or determining the amount
of taxes you pay. These matters are handled by
the various taxing authorities; i.e. the county
government, city government, school board and
other taxing districts.
BAY COUNTY TAXING AUTHORITIES
NON MUNICIPAL TAXING AUTHORITIES
TAXING AUTHORITY
2011 MILLAGE RATE
Bay County Commission
3.6500
School Board
7.1180
Fire Districts
1.0000
Water Management
District
.0400
Mosquito Control
.1525
Basic County Rate
11.9605
CITY LIVING
CITY
BASIC COUNTY
RATE WITHOUT
FIRE
ADD CITY
MILLAGE
ADD BEACH
MOSQUITO
CONTROL
TOTAL
Parker
10.9605
-
-
10.9605
Springfield
10.9605
Panama
City Beach
10.9605
Callaway
10.9605
2.7324
13.6929
Lynn
Haven
10.9605
3.0887
14.0492
Panama
City
10.9605
3.9095
14.8700
Mexico
Beach
10.9605
4.7300
15.6905
2011
MILLAGE
RATE
10.9605
.1438
10.9518
MILLAGES BY LOCATION
18
16
14
12
10
8
6
4
2
0
ESTIMATING PROPERTY TAXES
 Basic Formula
Taxable value/1000*millage rate=taxes
 Example of house located in Lynn Haven with
taxable value of $100,000
$100,000/1000=100 X 14.0492(Lynn Haven 2011
millage rate)= $1404.92
ESTIMATED 2011 PROPERTY TAX REVENUE
BY TAXING AUTHORITY
Taxing Authority
County Commission
2011 Millage Rate
Taxable Property
Value
Estimated 2011
Revenue
3.65
14,325,374,403
$
52,287,617
Callaway
2.7324
504,285,994
$
1,377,911
Lynn Haven
3.0887
1,016,225,637
$
3,138,816
4.73
362,789,309
$
1,715,993
Parker
0
199,863,220
$
-
Panama City Beach
0
3,633,988,101
$
3.9095
2,175,158,484
$
8,503,782
0
196,260,147
$
-
6.75
60,563,508
$
408,804
County Mosquito
PCB Mosquito
Control
0.1525
6,068,463,791
$
925,441
.1438
7,318,263,357
$
1,052,366
School Discretionary
7.118
15,482,775,446
$
110,206,396
1.000
5,766,987,829
$
5,766,988
Mexico Beach
Panama City
City of Springfield
PC DIB
Fire Districts
-
BAY COUNTY PROPERTY DATA
PROPERTY DEMOGRAPHICS
TYPE OF PROPERTY
TOTAL NUMBER OF PARCELS
NUMBER OF
PARCELS
113,158
SINGLE FAMILY PARCELS
53,724
HOMESTEADED PARCELS
40104
VACANT RESIDENTIAL
19,379
MOBILE HOMES
9,012
COMMERICAL
6,041
AGRICULTURAL
1,144
GOVERNMENTAL/INSTITUTIONAL
1741
MISC
2022
REAL PROPERTY VALUES
$ IN BILLIONS
 ASSESSED

$17.6
EXEMPT
$4.3
TAXABLE
$13.3
Bay County Real Property Values
$ in Billions
18,000,000
16,000,000
14,000,000
12,000,000
10,000,000
8,000,000
6,000,000
4,000,000
2,000,000
0
17,059,205
15,087,175
2008
2009
14,076,178
2010
13,328,337
2011
$ TAXABLE VALUE BY TYPE
In Billions
9,000,000,000
8,000,000,000
7,000,000,000
6,000,000,000
5,000,000,000
4,000,000,000
3,000,000,000
2,000,000,000
1,000,000,000
0
2008
2011
%Value Decline by Property Types
100%
80%
60%
40%
20%
0%
2008
2011
Bay County New Construction
$ in Millions
1200
1,085
1000
860
800
600
510
400
65
200
0
2007
2008
2009
2010
EXEMPTED VALUES
$ IN BILLIONS
CATEGORY
VALUE
NUMBER OF
PARCELS
HOMESTEAD
1.843
40,104
DISABILITY
.125
4,552
GOVERNMENT
1.861
1,114
REGILIOUS/NONPROFIT
.366
729
EXEMPTIONS AND AMOUNT
Homestead
$50,000
Seniors
$50,000
Disabled
$500
Widowed
$500
Deployed Military
% of
total tax for time spent in
combat zone
$5,000
% of Combat Disability
Veterans
Veterans %
Disability
100% of Tax. Value
T&P (sc/nsc)
Home Sales and Homestead Exemption
 When a homesteaded property sells, the exemption (any
exemption) stays with the property for the year in which
the sale took place.
 The new owner must file for the homestead in their name
by March 1st of the year following the sale.
 The value goes to market value for the new buyer as the
previous owner’s cap no longer applies. This increase can
be lessened if the buyer is able to port their cap from a
previously homesteaded property.
 Deployed Military Property Tax Exemption – New
Constitutional Amendment
 CS/HJR 833 (Adopted).
The legislature passed a resolution providing that deployed military personnel
receiving homestead exemption will receive an additional percentage exemption
equal to the number of days that they are deployed during a calendar year divided by
365. The measure appeared on the ballot in 2010 and passed. The exemption will be
effective for the 2011 tax year. Must be in support of the following operations:
--Iraqi Freedom
--Enduring Freedom
--New Dawn
BP OIL SPILL
(DEEP HORIZONS)
 NO DISCERNABLE IMPACT ON PROPERTY
VALUES
Bay County Property Appraiser’s
Achievements for 2010
 Sponsored Roundtables With Area Business, Governmental and





Educational Leaders
Increased Community Awareness of Available Exemptions and
made Exemption Filing Even Easier
A concerted effort to reduce petitions filed with the Value
Adjustment Board (VAB) resulted in a significant savings to the
county.
Consolidated the Lynn Haven Branch with the main office
Continued to Assess Property at the lowest value possible
Continued Aggressive Homestead Exemption Fraud Program, which
and added $10.9 million of taxable value to tax roll
2011 Objectives
 Seek Additional Property Tax Relief for the Widowed
and Disabled
 Enhance Our Website with More Features and
Information
 Seek approval to e-mail TRIM notices beginning in
2012
 Close PCB office for cost savings
JOINT ISSUES
 Estimated Taxes on New Sales
 Identifying Incentives With New Sales
We support our troops!

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