Real prop FUN assingment 2
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Chase Sanders Assignment 2
Real Property fundamentals ORANGE COUNTY PROPERTY APPRAISER SCAVENGER HUNT
Instructions: Please use the websites below and answer the following questions. Please type your succinct answers on a separate sheet of paper and upload it into your assignment 2 folder.
Please put your name on your submission and type it in at least 12-point font, double spaced, with your answers running down the page. Also, upload any requested information as a separate file in that same assignment folder. Please do not write the questions--only give very BRIEF answers (for most of the answers, you don’t even need to write in complete sentences). Also, NEVER give me more information that I am requesting by copying and pasting paragraphs
—just directly answer the question being asked. Finally, there is an answer available for every question and so you should not leave anything blank or tell me that the answer cannot be found. This is an INDIVIDUAL ASSIGNMENT; therefore, there should be no collaboration.
https://ocpaweb.ocpafl.org/dashboard
1.
On the DR482 form for agricultural exemptions, what is the exact definition given for “bonafide” agricultural purposes? -the term "bonafide" agricultural purposes generally refers to agricultural activities that are considered legitimate and conducted in good faith, with the intention of making a profit. This could include activities such as crop production, livestock rearing, and fish farming, among others. The exact definition may vary depending on the specific jurisdiction and context.
2.
Please upload 2023 Orange County final millage rates (please do NOT include the "detailed view"). You will upload this into your assignment folder after you upload your answer key
.
https://ocpaimages.ocpafl.org/api/Content/GetContentDynamicFile?contentFileID=413953
3.
Please conduct a records search of the Orange County property of the Orange County Property Appraiser, Amy Mercado, and answer the following questions:
a.
What is the complete address of the property? 12349 Turtle Grass Dr
b.
What is the 2023 assessed value of her home?
$239,056
c.
What is her 2023 gross tax total?
$214,056
d.
In what year was her home built?
2018
e.
Which middle school is her home zoned for?
South creek middle school.
4.
What does someone need to bring with them to the property appraiser’s office in order to get an “RP” series sticker for their manufactured/mobile home? They must bring proof of ownership, a copy of their mobile home registration, as well as
proof of the mobile homes location.
5.
What is the total household adjustable gross income in 2022 for someone to qualify for the Limited Income Senior Exemption in 2023?
In 2022 the total household adjustable gross income is $31,800
6.
Please answer the following questions about the tangible personal property tax:
a.
Does an entity that borrows tangible personal property for the business need to report it on the tangible personal property return?
Yes they need to report it on the tangible personal property return.
b.
What section of the Florida Statutes requires that a Tangible Personal Property Tax return be filed?
Section 193.062, Florida statues, requires that a tangible personal property tax return needs to be filed.
c.
What form does a business need to complete if they have no assets to report?
If a business has no assets to report they will complete a TPP return Form 62-632 which is the return of tangible personal property form.
7.
Please conduct a records search and find the property of Alex J. Martins (the CEO of the Orlando Magic) and answer the following questions:
a. What is his 2023 total millage rate?
Total milage rate was 3.1730 in 2023
b. How much is his gross tax bill for 2023?
$14,463.22
d.
On what date was his 2023 tax bill paid?
02/18/2024
e.
What is his parcel id number?
18-22-30-6895-00030
f.
Looking at the plat, please give me the section, township, and range of this property.
Section :18 , Township : 22 , Range: 30 g.
Using the tax estimator tool, pretend you are going to buy this property for 975,000. And you have never previously utilized the homestead exemption and so you have nothing to port. However, you plan to file for homestead exemption. Please tell me the range that this tool estimates your property taxes will be.
$13,333.23 to $14,831.34
8. Please conduct a records search and find the homestead property of John H. Dyer (current Mayor of Orlando) and answer the following questions:
a. How many gas stations are located within a 1-mile radius of his home?
Gas Station information is not on the property records b. What is his 2023 portability amount?
I also could not find his 2023 portability amount
c. How many square feet is his gross area (Note: this is different than his “living area”)?
1,771 Sq. Ft
d. What is the 2023 market value that is listed?
$372,172
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9. Go to the knowledge base tab on the home page and find the link about Amendment 1. Using this information, please answer the following questions:
a. What is the maximum amount someone is allowed for portability?
The maximum amount would be $500,000
b. How is the amount a homeowner can “port” determined? (include an explanation for both upsizing and downsizing) By comparing the difference between the market value and assessed value of of the new homestead property, if it has a higher market value than previous property the portability amount will be reduced, and vice versa.
10. Go to the home page and find information on the Tangible Personal Property (“TPP”) return and answer the following questions: a. What is the deadline for filing the TPP Return without penalty?
April 1st
b. What millage rate is used for the $25,000 tangible personal property tax exemption?
The non School millage rate
11. Go to the Tax Roll and Millage Rates page and review the statistics for the “top property owners” list and review the statistics for 2019. What is Publix’s total real and personal property taxable value in 2019?
Publix’s real and personal property taxable value in 2019 was 1.9 billion dollars
12.
Please return to the Orange County Property Appraiser’s Website and look under
"quick links" (found at the bottom of the home page) and click the link about the Value Adjustment Board (VAB). What is the filing fee for Value Adjustment Board (VAB) Petitions (other than a petition to appeal the denial of homestead)?
The filing fee for the Value Adjustment Board petitions other than a petition to appeal the denial of homestead, it is $15 per parcel number.
13. On the home page, do a property search using the “TPP/advanced search” tool and look up the tangible tax
data for ZaZa New Cuban Diner, LLC (this is the “property name”) at Waterford Lakes and answer the following:
a.
What is its total taxable value for tangible property taxes in 2023?
$86,041
b.
What is the business’s filing penalty for not filing this return on time?
%5
http://www.occompt.com
14. Please do a search of property owned by Joey Fatone (of Nsync) and tell me who filed a Notice of Lis Pendens against his property (give me the plaintiff’s name).
15 Please do a search of property owned by Joey Fatone (of Nsync) and tell me who filed
a Notice of Lis Pendens against his property (give me the plaintiff’s name).
16. What is the title and the date of the most recent document filed regarding property owned by Tiger Woods (NOTE: Please give me the date of the document—not the recording date). Deed , 09/03/2008
17. Who filed a lien against Orange County Mayor Jerry Demings and his wife, former Congresswoman Valdez (“Val”) Demings?
Palma vista homeowners’ association
18. Go to the Value Adjustment Board Tab and click “file a petition online” and tell me what is the time frame for portability appeals to the Value Adjustment Board (VAB)?
Within 25 days after the property appraiser mails your TRIM notice
19. Please read the 2022 online petition filing tutorial for the Value Adjustment Board (VAB) and tell me after a person has submitted their online petition, what will the confirmation e-mail give them?
20. For tax deed sales if the tax lien certificate has not been paid off within how many years, the holder of the tax deed certificate can apply to force a public auction of the property?
Two years
21. At what time of the day in February of 2024 will all of the tax deed sales take place?
Tuesdays at 11am
22. Under "Property Fraud in the News,” please click on the links described and answer the following questions:
a. Watch the video dated Nov. 6, 2018 and tell me how many documents does the comptroller state that his office records daily?
3000
c.
Read the article dated Nov. 28, 2019 and tell me what the article concludes is
the best safeguard against deed fraud.
Title insurance
d.
Watch the video dated Dec. 15, 2021, and tell me in Orange County how many homeowners have signed up for the free fraud notification service?
28,000
23. Read the Property Fraud FAQ section and tell me the phone number a property owner would call to set up a free property fraud alert?
800-728-3858
24. Please go to the fee calculators and click on the link to the mortgage recording calculator. If someone were to take out a $377,000. mortgage that was 8 pages long, what would the total
tax on that instrument be (including doc. Stamps, intangible tax, and recording fees)? 2143
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25. Go to the Erecording section and tell me what service does the Orange County Comptroller use to transfer funds for an e-recording transaction for transfer taxes, recording fees, and a nominal fee paid to the vendor? Automated Clearing House or (ACH)
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