As a resident of Broward County, it is necessary to have your property appraised by a qualified and licensed broward county property appraiser. Appraisals are usually done by a team of professionals with each specializing in a specific area of specialty. This process will vary slightly from one appraiser to the next, but the final product will end up with you as the victor!
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There are two primary methods that you may choose when determining which Broward County property appraiser you will hire. These two methods include bidding and hiring on your own. Bidding can be done at the courthouse or through the use of a third party. There are laws that govern this system and are completely legal. If you would like to learn more about these laws, please continue reading.
The bid process begins with the person who has requested the information being provided to submit a general information form. On the form, they will provide information such as the amount of money that they wish to bid on the real property being appraised. Once all bidders have submitted their general information, the courthouse clerk will review all of the bids and select the highest bidder. You may see a representative of the county come in and speak with the bidder about their bid. This is a third party agent that is in place in order to assist the public and make sure that the highest bidder receives the property that they are seeking.
Broward County Property Appraiser
Once the highest bidder is selected, the office will proceed with the second round of bidding. During this second round, if there is still an empty bid, then the office will require that another bidder fill in the data entry form. Data entry is required so that the Broward County property appraiser can input the data to the data base.
Once all of the data has been input into the data base and the appraiser has approved the sale, the next step is to provide a deposit and let the winning bidder know that all of the deposits have been received. When the winning bidder comes in to make the payment for the property, the money will be automatically deducted from the balance that the person had previously placed on the winning bid. This ensures that the winnings are completely given to the person who was the top bidder and that the office policies were followed in placing the bid in the first place. If an individual does not follow the office policies and does not withdraw their bid within a 24 hour period, then their deposit will never be returned. Once the winning bid is removed, all other bids will be re-opened and all new approvals will be made.
There are also separate exemptions that each person may have. Some of these are; exclusive, interest in, use of, and on a first come basis. Each and every homestead exemption have its own set of guidelines that must be followed. If you are attempting to purchase property with a homestead exemption and do not follow the guidelines then you can end up having your bid revoked and it will be worth nothing.
Once all of the exemptions have been checked off and the winning bid has been awarded then the property appraiser will issue a final value. If there are any discrepancies between the two values then either party can request a new appraisal. The new application can be filled out and filed along with all of the required documents that need to be submitted with the application. The entire process typically takes about three weeks from start to finish. A certified public accountant or tax consultant should be used to help with filling out the new application.
There are only two ways that the home value exemption changes. First, if a new applicant is living in the household or they move out and a new occupant is added before the end of the year. Second, if a homestead exemption is added prior to the close of escrow. Both of these are permanent and cannot be changed once the homesteaded exemption has been granted. Both of these exemptions are reviewed on an annual basis.
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