The filing period for appealing the 2011 tax assessment values is now over. Any petitions filed between now and Nov. will need be accompanied by an explanation to the VAB as to why it was not filed on time, if the reason is accepted by the Special Magistrate that reviews it, you will be granted a proper value based hearing.
If you would like to file for 2011, you will have to file a petition with them downtown.
Please call us if you would like to be added to our list of potential 2012 clients.
Real Estate Taxes in South Florida:
If you live in Florida and own property, you will receive a TRIM (Truth in Millage) notice in late August. This notice will give you an estimate of the real estate taxes that the property must pay, based on the assessment and millage rate. The assessment is established each year by the County Property Appraiser using mass appraisal techniques. The millage rate is based on funds the city and county government need to operate. The real estate taxes for a property is then calculated by multiplying the assessment by the millage rate.
The County’s Budget (/) Total Value of all properties in the County = Millage Rate (aka tax rate)
Assessed Value of your property (x) Millage Rate = Your Real Estate Taxes
As a taxpayer, you are only obligated to pay your fair share and the only part of the real estate tax equation which can be appealed is the assessment. For non-homestead property, the tax year of 2008 is very important because the Florida Constitution was changed to limit the increase in the assessment from year to year to a maximum of 10%.
After you receive the TRIM notice, there is usually a period of 25 days to file an appeal petition if you wish to protest the assessment. Then, sometime in the next 12 months there will be a hearing before a Special Magistrate to protest the assessment. As a property owner, you can file the appeal and present your arguments before the Special Magistrate. However, many property owners have found that using a professional is much more effective.
With our 40 plus years of combined knowledge of South Florida real estate valuations as estate brokers, professional appraiser, teacher and economic analysts, we are well equipped to represent property owners in the successful appeal of real estate tax assessments.
Assisting property owners in maximizing their investment returns by:
- Proactively filing appeal petitions
- Annual review of real estate assessments
- Preparing a no-nonsense valuation analysis
- Personally presenting the appeal to Special Magistrate
- Reducing real estate taxes by reducing taxable values
Specialized skills to achieve results:
- Knowledge of local markets – Residents of Miami for 40+ years.
- Extensive use of latest technology for research
- Over 20 years of Commercial Appraisal experience
- Over 10 years of Property Tax Appeal experience
- Owner and developer of commercial real estate
- Commercial Realtor and past president of the CIASF and Miami Association of Realtors (fka RAMB)
- Author of the annual CIASF Industrial Market Report and Co-Producers of the CIASF Office Market Reports
Results oriented:
- Only $20/folio to cover County filing costs ($15) and review research.
- Fees are contingent on successful reductions. We don’t make any money unless you do!
A list of Important Dates concerning your real estate taxes can be found here.
Connect to the Property Appraiser’s Property Map for Miami-Dade County