Florida property appraisers issue their annual assessment of all property in the state in August. Property owners receive preliminary tax notices that contain their proposed assessed value of property as well as an estimate of 2002 taxes. These assessments are now also available on certain Property Appraiser’s websites.

Although the notices are sent in August, the valuations are based upon conditions as of Jan. 1, 2002. Last year saw an uneven economy. There were increased earnings in certain areas and an economic downturn in other areas, such as the hotel industry, caused by the Sept. 11 terrorist attacks. Therefore, property assessments should be carefully monitored this year.

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