Charlotte County Property Appraiser - Paul L. Polk, CFA, AAS, RES
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How will COVID-19 Impact My Property Value?

AWARENESS

Our offices are aware of the impacts that the COVID-19 crisis has had on our community and respect that many of our citizens have concerns about the value of their property as well as their property tax obligation during this challenging period.

ACTION

Under Florida law, county property appraisers must value every property in the state as of an effective date of January 1, 2020. Any impacts from COVID-19 would not impact 2020 property values, as we must analyze sales data and trends from 2019.

FUTURE

Our appraisers consistently monitor market transactions and trends. Any increase or decrease in sales prices which occur in 2020 will impact property values as of our January 1, 2021 valuation.

Do you have additional questions? Read our FAQ below, email us at rp@charlottecountyfl.gov or give us a call at (941) 743-1498.

Additional information on COVID-19 including information on the CARES Act, can be found at: https://www.charlottecountyfl.gov/covid-19/

Frequently Asked Questions

How will COVID-19 impact my property values?

It is too early to know the full impact of COVID-19. Our office is governed by the Florida Constitution, Florida Statutes, and the Rules and Regulations of the Florida Department of Revenue. We are responsible for assessing the value of every property in Charlotte County every year, as of the January 1 assessment date, for ad valorem property tax purposes. Any impacts on value due to market conditions directly related to this hardship will be reflected in the 2021 assessments following our analysis of a full year of sales and data that occur in 2020.

We highly encourage owners of income producing property to submit their properties' income and expenses for 2019 and 2020 to assist us in determining impacts. Any financial information provided is kept confidential.

How do you monitor the market?

Our appraisers utilize multiple methods during the assessment process. We analyze actual, recorded real estate transactions in Charlotte County, review multiple publications and services related to appraisal and market trends and talk to market participants.

Will my property taxes be reduced because of COVID-19?

Potential impact could vary depending on property type and would be reflected in 2021 assessments since Florida law requires us to value your property as of January 1, 2020. The first two cases of COVID-19 were not announced in the state of Florida until March 1, 2020.

How will I know if my property value was impacted by COVID-19?

Any impact would be reflected on your 2021 TRIM notice, which are mailed to property owners each August. We highly encourage owners of income producing property to submit their properties' income and expenses for 2019 and 2020 so that we may consider impacts via the Income Approach to Value.

Where may I find out more information about government budget decisions or ask questions about tax rates?

Keep an eye out for your August TRIM notice, which will list dates of budget-related public hearings from the Taxing Authorities applicable to your property and its taxes. You may find contact information for taxing authorities and elected officials by visiting: https://www.charlottevotes.com/Officials/Local-Elected-Officials