The actual income from a commercial property may be considered under the income approach to value. By providing this income information the Property Appraiser will be able to develop a more accurate assessment. Letters are mailed to commercial property owners according to the Office records.

Ultimately, the assessed value is a reconciliation of three approaches to value (income, cost & market). By providing this income information the Property Appraiser will be able to develop a more accurate assessment.

In accordance with Florida Statute 195.027(3) all financial documents submitted to the Office of the Property Appraiser for consideration are deemed confidential.

This request is for income associated with the rental of your property. Income generated by a business operation (For example; restaurant, cruise line, flower, import/export, etc.) is not needed.
Typical documents needed:

• Prior Year Federal Income Tax Return
• January (Current year) Rent Rolls
• Year Ending Prior Year Income and Expense Statements
• Copy of typical lease, Operating Agreements and other documents per letter