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 a discussion about how property sales costs are handled when determining property values for tax purposes. Specifically, it addresses the deduction of selling costs and personal property from net proceeds when calculating property valuations. The Value Adjustment Board (VAB) in Pasco County is reviewing this matter, which is currently under discussion and advisory. This process involves legal counsel and the Property Appraiser's office to ensure correct application of valuation methods. The work related to this item involves legal research, advisory opinions, and the consistent application of established appraisal practices. Local businesses involved in real estate transactions, property appraisal, and legal services may find this discussion relevant to their operations. Understanding these valuation rules early can help businesses prepare for future property tax assessments and transactions.

cost of sale deductions

15 percent