Memorandum
DATE: April 10, 2025
TO: Members of the 2024 Value Adjustment Board (VAB)
FROM: Anissa Mercado, VAB Supervisor, Comptroller Clerk of the VAB
SUBJECT: Final Meeting Report of the 2024 VAB
BACKGROUND:
This discussion item is to provide the VAB an update on petition filing activity and expenses of the 2024 VAB described in the Final Meeting Report of the 2024 VAB. Staff highlighted activities since the onset of petition filing.
On August 19, 2024, the VAB approved its budget totaling $731,700. Sec 194.013, Florida Statutes, provides that all filing fees collected by the clerk shall be allocated and utilized to defray, to the extent possible, the costs incurred in connection with the administration and operation of the VAB. Since August, the VAB heard 2,103 hearings for 2,264 properties located within Orange County. Expenses paid to date reflect a five percent increase from the 2023 VAB tax cycle.
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REQUEST:
Acceptance of the Final Meeting Report of the 2024 Value Adjustment Board dated April 17, 2025.
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