2013 Winter Newsletter

provides a brief overview of these.

It is too early to predict with certainty if values are going to remain the same, decrease, or increase. Still, the popular question for many gov- ernment agencies, business owners, property owners, and our offices is, ―Are values going down?‖ Our offices face many challenges in trying to answer that question. We continue to deal with the foreclosure mar- ket that is often competing with those transactions that are not under duress. Furthermore, the recovery for many business owners is slow, and with the many caps on property values, local government roll growth will be slow. According to economic experts, the economy for 2013 will continue to be sluggish. Real Estate Economist Peter Korpacz mentioned in his most recent IAAOWebinar titled ‗Quarterly Market

Lainie Claudio, CFE President

Update‘, ―the economy is an uneven recovery, and although it is improving, it is still vulnerable.‖ What does that mean for Florida? Unfortunately, we don‘t know the answer to that question. What we do know is that we are required to produce a fair and equitable tax roll; a goal that all of our of- fices have in common, while dealing with these challenges. On a final note, the Executive Board has begun its preparation for the 2013 Annual Seminar and Conference which will be held at the Hyatt Regency Hotel in Sarasota, April 30-May 3, 2013. We are working hard to bring great topics such as Florida Property Tax Trends and Outlook and an update on recent litigation involving golf courses. This is your conference and we value your input. As al- ways, we welcome your comments and suggestions. You can email me directly at lclaudio@pa.marion.fl.us.

We look forward to seeing you at our 2013 Annual Conference in Sarasota.

Sincerely, Lainie Claudio, CFE

President of FCIAAO

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Winter 2013 Newsletter of the FCIAAO