In this digital age, staying informed about property values is essential for both homeowners and prospective buyers. We hope that this page has served as a valuable resource, providing you with insights into property values in the Marion County Property Appraiser. Our commitment to transparency and accuracy drives us to provide the most up-to-date and reliable property information.
Property Values are Rising in Marion County
What’s happening? The appraised value of the Marion County property. Between 2016 and 2017, it increased by 5.43%.
The total value added was $300 million for new construction, renovations and additions. The big addition to the tax list is FedEx’s new $50 million distribution center.
Is this trend new? Is not. In the same period last year, the calculated value increased 4.23% compared to the previous year. During the economic downturn, the value dropped year after year.
What are the numbers? The appraised value of the property went from US$ 17.25 billion in 2016 to US$ 18.19 billion in 2017. This is the number used by the school board. The amount the county commission uses for its general fund is smaller ($16.47 billion this year). The number of school boards is higher because the school board is not subject to the additional $25,000 exemption for properties that many homeowners can claim, nor the 10% annual limit for unoccupied properties. For school board purposes, the taxable property value increased by 5.43% from 2016 to 2017. For the county board, the percentage increase was 5.52 ($15.61 billion to $16.47 billion of dollars).
And my neighborhood? Each fiscal district experienced an increase in taxable assets. See the map for specific information.
These are preliminary data from the Real Estate Valuation Office. Final numbers are expected on July 1. Tax authorities such as the School Board, District Commission, City Councils and Water Districts will use these final numbers when setting budgets and mileage rates for 2017-2018.