The office of Orange County Property Appraiser is always there to serve you. The official website of Orange County Property Appraiser was prepared to give you the overview of a lot of functions of the office of Orange County Property Appraiser and to provide the insight into how the office and the various taxing authorities interact with you, the owner of the property.
It is the pleasure for everyone at Orange County Property Appraiser to provide those helpful facts on the valuation and tax process as well as to explain the various benefits available through a lot of different exemptions. Aside from that, you will also be able to find the information on how to review and or appeal your property valuation should you feel the need to do so. The main goal of Orange County Property Appraiser is to establish the fair and equitable values for all the property.
Orange County Property Appraiser has a responsibility to identify, locate, and fairly value all property, both real and personal, within the county for tax purposes. A thing called “market” value of the real property is based on the current real estate market. Discovering the “market” value of the property can be described as discovering the price most people would pay for your property in its current condition. Making a decision about the fair and equitable value is the only role of this office in the taxing process.
The thing that should be remembered is that the property appraiser does not create the value. Everyone makes the value by buying and selling the real estate in the market place. Orange County Property Appraiser has the legal responsibility to study those transactions and appraise your property accordingly.
Aside from that, Orange County Property Appraiser also tracks ownership changes. It maintains maps of parcel boundaries, keeps the descriptions of the buildings and property characteristics up to date, accepts and approves the applications from individuals eligible for exemptions and the other forms of property tax relief. The most important thing is to analyzes the trends in sales prices, construction costs, and rents to best estimate the value of all assessable property.
Economically, all of this must be done for less than a tenth of which is would cost you to hire somebody to independently appraise your property. Apparently, the office of Orange County Property Appraiser has been recognized for the state of the art technological approach to the valuation process. The mass appraisal (C.A.M.A.) system was assisted by the progressive computer which is used by the experienced appraisers to make sure that the fair values are set for all the property owners of Orange County.
In addition, appraisers are also assisted by the Geographic Information System (G.I.S.) that will help everyone to provide the detailed and up to date property ownership maps for field inspections. The system of G.I.S. is updated every day to reflect the new changes to the land in Orange County. Besides, this information is also used to analyze the property data and gives appraisers another tool for comparing similar properties.