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Press Room

NEWS AND UPDATES

  • 2017 State of Orange County Real Estate

    Last night, the Orange County Property Appraiser’s office (OCPA) hosted the 2017 State of Orange County Real Estate. Started in 2014, the State of Orange County Real Estate (SOCRE) allows the office to educate residents on the worth of the county’s tax roll, new data on demographics such as household income and population, the market value of each taxing municipality in Orange County, and more.

    During the event, Rick Singh highlighted services the office offers that taxpayers may take advantage of, such as homestead exemptions and understanding your TRIM (Truth-in-Millage) notice.

    Orange County Property Appraiser Rick Singh noted in his presentation that Orange County’s market value has reached a historic high of $172.6 billion, up from a low of $110.9 billion in 2011. The total number of parcels is over 450,000, and the total commercial value of the county is up to $78.4 billion. The county’s commercial property value accounts for 45% of the entire tax base.

    This reveal is important to the community as the tax roll allows the county’s 13 municipalities to set budgets and millage rates for the next fiscal year. Those in attendance were also given a glance at important statistics related to growth and home values. Foreclosures in Orange County reached a high of 11,500 in 2010 during the recession, and have since tumbled to a low of just 1,005.

    Home sales priced $500,000 and above are trending upward and projected to reach over 2,000 sold by the end of the year. New construction stands at $3.1 billion for the year, and there were 5,475 new single-family homes built in the last year.

    These trends show that Orange County’s economy has recovered from the recession of 2008 and continuing to rise.

    After his presentation, Singh said that it is important for county residents to hear about the growth that’s happening in the county, and how it relates to them.

    “The market value of $172.6 billion is big and shows the tremendous amount of growth we’re witnessing in Orange County; it also displays the force of our tax dollars. Infrastructure, schools, vital services needed to keep the county running all relate back to that number.”

    “It is so vital that we educate our residents on the services available to them through my office. From homestead exemptions to TRIM notices, we offer an array of services that benefit home and business owners. We’re able to showcase that here as well.”

    Close to 1,000 people were in attendance for last night’s event.

    To view the 2017 State of Orange County Real Estate presentation, please click here.

     

  • Nagesh Singh, Consul General of India in Atlanta

    Recently I had the great opportunity to welcome Nagesh Singh, Consul General of India in Atlanta, to Orange County. Mr. Singh’s background includes serving as a director in the Ministry of External Affairs in Pakistan, Afghanistan, and Iran, as well as the Joint Secretary/Officer on Special Duty to the Vice President of India.

    A consul is an official representative of his or her government of the consul’s country and is utilized to assist in trade and to forge friendships with other countries. In this case, Mr. Singh is visiting Florida, and we talked about the growth that’s happening in Orange County. We spoke about new development in the business sector and residential property growth around the county. We also chatted about how we may be able to partner, and what I can do as property appraiser that oversees one of the state’s largest tax rolls, to forge a stronger bond with India.

    I always welcome the opportunity to greet an international representative to our county. It allows me to show off the work we’re doing on behalf of residents and taxpayers of Orange County. It also gives me the chance to learn more about the country of the delegate I’m speaking with. I gained best practices and knowledge that will benefit our office now and in the future.

    As you may be aware, India has one of the world’s largest GDPs or Gross Domestic Product, and according to the International Monetary Fund, is the world’s fastest growing major economy. Obviously, we cannot compare the strength of a county’s economy to that of the second most populous country in the world. But it shows how important it is to reach out to potential partners internationally to make sure that Orange County remains strong.

    Our market value is strong, standing at $172.6 billion, new residential growth is climbing, and new construction in Orange County has reached $3.1 billion. Those are amazing numbers, and I was happy to brag about the strength of our economy and the wonderful work we’re doing in the property appraiser’s office to the Consul General of India, Nagesh Singh.


  • The 2017 Tax Roll

    A little over a month ago, I signed the 2017 preliminary tax roll for Orange County that has a total market value of $172.6 billion. That’s up from last year’s historic high of $159 billion. That’s an amazing amount of growth that we’ve witnessed in just one year’s time.

    This year's tax roll features $6.1 billion in residential market value growth, $3.1 billion in new construction, over 450,000 parcels, and more than 61,000 tangible personal property accounts.

    My office is responsible for not only maintaining the tax roll but inspecting thousands of parcels in the county, and ensuring that exemptions and classifications of property are just and correct. I also ensure that each of the county's 13 municipalities receives information from the tax roll to set their millage rates and budgets for the next fiscal year.

    I’m proud of the work that we do in our office and the expertise that we offer to our residents. To give you a peek into the hard work that we do, our office has successfully defended 99.5% of our valuations at the Value Adjustment Board (VAB). That gives us a top ranking in the state among our peers.*

    If you’d like more information on Orange County’s market value and the growth this county is experiencing, I implore you to register for the 2017 State of Orange County Real Estate that’s happening on August 24th from 5 pm - 8 pm. I’ll go into more detail about what’s driving growth in our county and what to look forward to in the future. I hope to see you there!

    Yours in service,


    *Source: Florida Department of Revenue

RICK SINGH REPORT

2017 State of Orange County Real Estate


The 2017 State of Orange County Real Estate was a huge success. The event was held on August 24, 2017 at the Wyndham Orlando International Resort, and featured Rick Singh along with a panel of industry experts sharing insights on the latest trends shaping the future in Orange County real estate.

The Property Appraiser's office also spoke with attendees about services the office offers, such as homestead and TPP exemptions and information about TRIM (Truth-in-Millage) notices.

For a digital version of Rick Singh's full presentation, click here.

Brazilian American Business Council and Jewish Chamber Event


On August 10, OCPA staff joined the Jewish Chamber of Commerce of Central Florida & Brazil America Business Council at Boi Brazil restaurant and had the opportunity to speak with constituents about the State of Orange County Real Estate and TRIM Satellite Offices.

Community Round Table with Senator Victor Torres and Representative Amy Mercado


On August 10, our office also attended a community round table with Senator Victor Torres and Representative Amy Mercado. Our staff answered questions for taxpayers regarding values and exemptions.

Home and Garden Show


On August 25, 26 and 27, OCPA attended the Home & Garden Show at the Orange County Convention Center. Staff was there to answer questions about TRIM notices, exemptions, and other questions from residents.

TRIM Satellite Offices


The 2017 TRIM (Truth-in-Millage) Notices were mailed out August 21, 2017. OCPA opened satellite offices around Orange County to help answer questions taxpayers may have about their TRIM notice. For questions and more information about TRIM notices, please click here.


REQUEST AN INTERVIEW

We always welcome opportunities to speak with the media. If you'd like to request an interview, contact
Jason Henry, Administrative Operations Coordinator at jhenry@ocpafl.org.

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