Page 11 - Martin Downs Bulletin - August '21

Martin Downs, Page 11

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Martin County Total Market Residential properties experienced one of the largest growth Estimate Your Taxes Before

Value Increases By More Than years since 2006 with 7.89 percent increase over last year. The You Buy A Home
median sale price of single-family homes increased to $388,945
$2 Billion compared to $365,000 in 2019. Median condominium sale prices
increased to $168,500 compared to $148,750 in 2019. By Jenny Fields,
By Jenny Fields, Martin County Property Appraiser “This year’s residential market value growth may be attributed Martin County
With 2021 tax roll figures in today, the Martin County to the overwhelming amount of demand which has far outpaced Property Appraiser
Property Appraiser’s Office announced that the county saw an local supply,” said Martin County Property Appraiser Jenny You are all settled into
increase in total market value to more than $36 billion. This is an Fields. “Listing times have shrunk significantly, properties are your new home and in
increase of more than $2.1 billion or 6.42 percent as compared receiving offers above asking prices, and many properties are November you are sent your
to last year’s figure of $34 billion. Taxable value increased more being purchased sight unseen. Home buyers are relocating to first tax bill. It is then you
than $1.2 billion or 5.27 percent as compared to last year’s figure Martin County from out of state and highly populated counties realize, “Wait! Why are
of $23.8 billion. Reported values are based on market conditions in Florida.” they so different from last
as of Jan. 1, 2021. Commercial and industrial properties logged another year?”
year of growth this year with a 5.9 percent increase Two things I highly
Martin County compared to last year. recommend before buying a
“Net new construction growth was $297 million this year home:
History of Total Market Value which is comparable to the past three years,” said Fields. 1) Please read this article; and
“We are however, seeing many multifamily projects in the 2) Use our Property Tax Estimator found on our website.
$ Billion pipeline that may finish construction this year and will go This easy and handy tool can save you “tax-bill-sticker-
38 on the 2022 tax roll.” shock” when you receive your first tax bill the year following
36 $35.29 $36.26 Fields and her team of professionals certified the 2021 your home purchase.
34 Preliminary Tax Roll to the Florida Department of Revenue The reality is when you purchase a new home, the property
32 $30.25 (DOR) on Friday, June 25. This is the earliest the office has ever taxes will be affected. Please do not assume that the property
submitted preliminary numbers to the DOR. A deadline is set for taxes you’re looking at online or on a Multiple Listing
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28 July 1 each year for all property appraisers’ offices throughout Service (MLS) will be the same for you. The property taxes
the state to submit their values. The early tax roll submission shown are representative of what the current homeowner
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$23.15 was a result of a multiyear conversion project to upgrade the is paying, and not what you will pay. The reason is that
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software used for appraisal and assessment administration. The the assessed value of the property you are interested in
22 new system is already creating efficiencies by reducing the time purchasing will reset to full market value on Jan. 1. When
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2007 2012 2017 2021 to run and validate technical tax roll reports. the value resets, your property taxes will be higher than what
Taxing authorities will use these values next to help them the prior owner was assessed.
Figures from July 1, 2021 prepare for their upcoming budgets and to determine their That’s why our office recommends using the Property Tax
Martin County History of Total Market Value proposed millage rates. Estimator before you purchase your home. It’s easy to use
and only takes minutes to calculate the range of what you
Residential Taxable Values For All Municipalities may pay.
The Property Tax Estimator is located at www.pa.martin.
Median Sale Price fl.us/tools-downloads/property-tax-estimator.
• The first question asks: Will you get homestead? Answer
Condo Single Family $388,945 yes or no.
• Next, you are asked to enter the market value and

$295,000 $327,000 $340,000 $365,000 assessed value of your current home. If you don’t know the
values, go to the Real Property Search section of our website
and search for your address or last name. Click the link on

the page. Your home’s current market and assessed values
$115,000 $126,900 $133,000 $148,750 $168,500 Founded in 1925, The Martin County Property Appraiser’s your property and then select the Value History at the top of
Office (MCPAO) is one of 67 county appraisal offices in the
state of Florida. Governed by the Department of Revenue,
will be found there.
the MCPAO values more than 100,000 real, commercial, • Finally, fill in the sale price of your new home, and select
industrial and tangible personal properties throughout if your home is in Martin County or a municipality in the
the county for a total of 543.46 land area square miles. county.
2016 2017 2018 2019 2020 The MCPAO is one of 52 offices in the United States and A variety of results will populate including the range
Year of Sale
Canada to receive the prestigious Certificate of Excellence of what you can expect to pay in property taxes the year
Figures from July 1, 2021
in Assessment Administration from the International following your sale. This will help you calculate what your
Martin County Residential Median Sale Price Association of Assessing Officers. monthly mortgage may be and avoid surprises in the future.
Before you purchase a new home, please make it a point
to visit our website and use the Property
Tax Estimator.
Next month, learn about the “Save
Our Homes Benefit.”
Using your mobile device’s camera,
scan this QR code and visit us on the
NoN-Toxic cancer immunotherapy Web, Facebook, Instagram and LinkedIn.

Art Happenings from page 10
Available NoW mixed-media artist. This exhibit will remain on display

Safe and Effective! through Oct. 30. “Exquisite Miniatures” features
50 exquisite miniature paintings by artists Wes and
Rachelle Siegrist with subjects ranging from still lifes
This is the Original Immunotherapy that and landscapes to artist self-portraits and will remain
through Dec. 15.
balances and optimizes your immune system to For more information, call the museum at (772) 225-
fight almost any type of cancer. 1961 or visit the website, www.hsmc-fl.com.
About The Historical Society Of Martin County
Since 1955, the Historical Society of Martin County
Hundreds of successes over the years. has served as a guardian of local history and a cultural
center by operating the Elliott Museum, (825 N.E. Ocean
Continuously available since 1977 Blvd., Stuart) and the House of Refuge Museum at
Gilbert’s Bar, (301 S.E. MacArthur Blvd., Stuart) which
in Freeport, Grand Bahama Island opened in 1876 and served as a haven for shipwrecked
survivors. The Elliott Museum seeks to preserve and
celebrate the region’s colorful history by presenting an
See our website for more info: eclectic mix of traveling and rotating permanent exhibits,

www.Quantumimmunotherapy.net lectures and experiential events. The House of Refuge’s
mission is to educate the public about the historical
significance of Martin County’s iconic landmark and
or call for more information: Toll-free number (561) 766-0878 to ensure its historical integrity and preservation. For
more information, go online to www.elliottmuseum.org
Email: Quantimmuno@gmail.com or call (772) 225-1961.