Here are some examples:
Parcel A: This is a vacant platted lot. The assessment on the tax bill is $175.47.
Remove the November discount for early payment by multiplying $175.47 by .96 = $168.45. Subtract the District ($5) and Tax Collector ($1.45) charges = $162. Then subtract the Tier 2 per tax parcel charge of $162 = $0. This result is the assigned Tier 1 charge. Next, multiply this result by $1,000, then divide by $0.93. That will show the difference between the assigned just value and assigned land value of the tax parcel as of November 1, 2019, or $0.
Parcel B: This is a large several acre unplatted parcel that is likely husbanded or fenced. The assessment on the tax bill is $211.43.
Remove the November discount for early payment by multiplying $211.43 by .96 = $202.97. Subtract the District ($5) and Tax Collector ($1.45) charges = $196.52. Then subtract the Tier 2 per tax parcel charge of $162 = $34.52. This result is the assigned Tier 1 charge. Next, multiply this result by $1,000, then divide by $0.93. That will show the approximate difference between the assigned just value and assigned land value of the tax parcel as of November 1, 2019, or $37,118.
Parcel C: This is a modest home on a platted lot. The assessment on the tax bill is $249.76.
Remove the November discount for early payment by multiplying $249.76 by .96 = $239.77. Subtract the District ($5) and Tax Collector ($1.45) charges = $233.32. Then subtract the Tier 2 per tax parcel charge of $162 = $71.32. This result is the assigned Tier 1 charge. Next, multiply this result by $1,000, then divide by $0.93. That will show the approximate difference between the assigned just value and assigned land value of the tax parcel as of November 1, 2019, or $76,688.
Parcel D: This is a more highly valued home on a platted lot. The assessment on the tax bill is $565.69.
Remove the November discount for early payment by multiplying $565.69 by .96 = $543.06. Subtract the District ($5) and Tax Collector ($1.45) charges = $536.61. Then subtract the Tier 2 per tax parcel charge of $162 = $374.61. This result is the assigned Tier 1 charge. Next, multiply this result by $1,000, then divide by $0.93. That will show the approximate difference between the assigned just value and assigned land value of the tax parcel as of November 1, 2019, or $402,806.
Parcel E: This is a fast-food restaurant. The assessment on the tax bill is $541.08.
Remove the November discount for early payment by multiplying $541.08 by .96 = $519.44. Subtract the District ($5) and Tax Collector ($1.45) charges = $512.99. Then subtract the Tier 2 per tax parcel charge of $162 = $350.99. This result is the assigned Tier 1 charge. Next, multiply this result by $1,000, then divide by $0.93. That will show the approximate difference between the assigned just value and assigned land value of the tax parcel as of November 1, 2019, or $377,409.
Parcel F: This is a commercial building. The assessment on the tax bill is $2,633.42.
Remove the November discount for early payment by multiplying $2,633.42 by .96 = $2,528.08. Subtract the District ($5) and Tax Collector ($1.45) charges = $2,521.63. Then subtract the Tier 2 per tax parcel charge of $162 = $2,359.63. This result is the assigned Tier 1 charge. Next, multiply this result by $1,000, then divide by $0.93. That will show the approximate difference between the assigned just value and assigned land value of the tax parcel as of November 1, 2019, or $2,537,237.
We hope this might help in explaining the logic and general mechanics upon which the District has carefully developed its assessment approach. The Simplified Fire (TM) approach the District uses is a trademarked analytical tool, but one which conforms with Florida law, fundamental fairness and smart reasoned, practical and timely use of public data to fairly apportion and share costs (of the very important constant readiness or availability of a level of service) among parcels of property in our community.