The obligation of a manatee county property appraiser is to assess the value of a parcel of real estate based on comparable sales in the area and for that purpose they are required by law to issue a Property Appraisal. A property appraisal is prepared for many reasons such as, when a Manatee County real estate owner requests a Property Appraisal for reassessment; when a change in price assessment is requested by a Manatee County property owner for property use; when a new parcel of land is proposed for use or expansion of current facilities. In the case of a disputed land use application, the county's real estate valuation is the final say-so as to the value of the parcel. When a parcel is sold, it must be sold to the highest bidder and there are no exceptions.
When a property owner applies for a new zoning variances or when a new development is planned, it is incumbent upon the property owner to obtain and also review a property appraisal prior to submitting the needed documentation to the City of Manatee for zoning variances or if the development is in progress. If you're a property owner and you believe your property has been devalued, you should first obtain a property appraisal. If the appraisal determines that your parcel has fallen in worth, you have the full right to file a lawsuit to recover your losses. It is important to remember that all monies collected from a suit regarding a claim of loss due to devaluation or a law against surplus are repayable to the claimant and not the party who initially issued the monies. A typical claim of this nature could result in a payment of one thousand dollars to the claimant.
Your rights are only limited by the extent of the claim as well as whether you can prove the claim is unjust. You must have adequate proof to show the depreciation of your property occurred within a reasonable period of time after the notice of non-use was mailed. You may not recover monies if the monies were expended before the notice of non-use was received. However, if you can establish both circumstances, you may be able to seek a court action to recover your losses.
What Is A Manatee County Property Appraiser?
The typical Manatee County land use appraiser will not examine your home for valuation. Your agent will prepare a Home Valuation Report. Based on this report the appraiser will determine the fair market value of your parcel of real estate. The procedure outlined below explains how a typical appraisal is completed. Once the property appraised is deemed to be fair market value, you will be offered a purchase agreement. A closing date will also be scheduled.
The appraiser will issue a certified appraisal certificate. This appraisal certificate will be useful for the legal proceedings relating to your mortgage loan. On the certificate the appraiser will note the condition of the property and list the sales price. The appraiser will not sign the certificate unless he or she has approved it. If you dispute the value, you must obtain the appraiser's certification from the county courthouse.
On the certificate there will be a description of the repairs needed and why they were not listed on the appraisal. You have the right to see the repairs and ask for them. If the repairs are minor, the appraisal does not have to include them on the certificate. If the repairs are substantial, you must get your agent to object. The certificate will also detail any structural damage that is beyond the warranty period.
The certificate expires when the property appraised amount is less than the balance due on the mortgage loan. You will then have an opportunity to participate in the financing plan through the Manatee County Real Estate Exchange. During the negotiations, if you so desire you can offer additional funds to the county to assist with the costs associated with the foreclosure process. This will allow the county to finance the full balance of the mortgage if you so choose. At this point you will become the buyer of the foreclosed property.
The final step involves a signing party. After reviewing the appraisal and finding your agent acceptable to participate, this is when the real estate exchange will take place. The manatee county property appraiser will draw up a final report and you will read and sign it. Once this is completed, the property appraiser will officially give you the purchase price.
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