8) The net proceeds of the sale of the property, as received by the seller, after deduction of all of

Value Adjustment Board (VAB) · 2026-05-14 · agenda_item

This item concerns how property values are calculated for tax purposes, specifically focusing on the deduction of selling costs. The Value Adjustment Board (VAB) in Pasco County is reviewing how to properly account for these costs when determining a property's just valuation. This process involves assessing net proceeds from sales and adjusting for fees, financing, and personal property. The review is currently under consideration by the VAB, indicating an early stage in the public process. This review could lead to changes in how property appraisals are conducted, potentially affecting site data collection, model calibration, and the application of appraisal approaches. Local businesses involved in real estate, finance, and professional services may find opportunities to engage with the VAB or property appraiser's office as these valuation methods are refined. Early engagement could provide insights into upcoming changes and potential needs for specialized services related to property valuation and tax assessment.

criterion

8

criterion

1

percent

15