The current fiscal year 2012 runs from July 1, 2011 to June 30, 2012.
The first two tax bills of the fiscal year which are due August 1st and November 1st are estimates based on the previous year's assessments. These are called preliminary tax bills. The actual bills which are due February 1st and May 1st will show your home's new value.
After extensive review of market activity it is important to note that FY2012 values for single family homes are based on valid sales activity over a 2 year period from July 1, 2009 to June 30, 2011. This was necessary to be in compliance with the 2% minimum requirements of the Department of Revenue's total count of all single family homes.
There were enough condominium sales in 2010 to be in compliance with the states 2% minimum requirements. Therefore FY2012 values for condominium are based on sales activity from January 1, 2010 to December 31, 2010.
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