The Property Appraiser will begin locating hurricane damaged properties and monitoring their repairs to determine if they warrant a value reduction for 2017 based on the severity of the damage.
Nassau County, FL – Property Appraiser Mike Hickox, along with his field staff, began inspecting properties damaged by Hurricane Matthew immediately after the storm passed. “We are tracking structural damage throughout the county to estimate how much was adversely affected from the Hurricane,” said Hickox. “It’s hard to estimate the actual effect on value at this time, but we anticipate the properties most affected are on the Island and low lying areas in close proximity to the Island.” According to reports from the Emergency Operation Center (EOC), over 700 properties were damaged from the storm. The Property Appraiser will now begin locating those properties and monitoring their repairs to determine if they warrant a value reduction for 2017 based on the severity of the damage.
The market value is estimated based on the condition of the property as of January 1st of each year. Properties damaged from Hurricane Matthew could possibly see a reduction in their 2017 value based on the severity of the destruction if repairs are not completed by January 1st. The Property Appraiser and his staff will make every effort to locate and inspect each property, but those wishing to make the office aware of their damage may do so by calling 491-7300.
