v. TM Florida Ohio Realty Ltd. ,577 So.2d 573 (Fla.1991).

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

This agenda item concerns the Value Adjustment Board of Pasco County and how property taxes are assessed for apartment complexes. Specifically, it discusses how rent control and tax credits can affect property valuation for tax purposes. The board will review legal precedents regarding the fair market value of properties, especially those with rent restrictions or involved in low-income housing programs. The discussion will cover appraisal methods, including the use of average occupancy rates versus actual figures and the proper assessment of properties encumbered by leases. The item is currently under review by the board. This review could lead to changes in how properties are valued for tax assessments. Businesses involved in property appraisal, real estate, and legal services related to taxation may find this review relevant. Understanding these potential changes early could provide an advantage.