Make sure you pay only your fair share. Appeal With Us.

The coronavirus pandemic has caused unprecedented and unexpected disruptions to almost every facet of our lives and this will surely flow through to the relationships between tenants and landlords and ultimately the valuation of real estate.

We hope that all our valued owners and managers will do everything they can to keep tenants in place and hopefully everyone gets back to work safely and soon.

If you are like us though, you probably had some difficulty with your tenants during 2020 that affected your property. For example, tenants not paying rent because they knew the eviction moratorium was in place or causing damage as they moved out.

Your real estate taxes for 2020 were likely unaffected by the disruptions and the governments mandated stay-at-home orders because the real estate values are based on January 1st of each year, and by all accounts real estate, especially industrial properties in South Florida, which were at phenomenal levels at the end of the 2019.

However, the 2021 appraised values for tax assessment purposes will need to take into account the lost cash flows, and loss of subsequent value that may occurred as a result of tenants businesses being shutdown, landlords proactively cutting rents or providing other incentives, or worse.

We expect to have a very active tax appeal season for the next two years because of this, and we urge all returning and new clients to attempt to keep notes on how the shutdowns have affected their properties and any deals they are making with tenants.  Most appeals will rely on factual numbers to analyze property, but personal stories are helpful as well.

The window to file an appeal open in August and runs through September 15th of each year. You will receive the TRIM (Truth In Millage) notice in August, but you will be able to check the proposed the new values online earlier. If you would like to have your property assessment reviewed for 2021, please use our online form or contact us today.

Please email us if you have any questions or concerns.

Dear Clients and Friends

The coronavirus pandemic has caused unprecedented and unexpected disruptions to almost every facet of our lives and this will surely flow through to the relationships between tenants and landlords and ultimately the valuation of real estate.

We hope that all our valued owners and managers will do everything they can to keep tenants in place and hopefully everyone gets back to work safely and soon.

Your real estate taxes for 2020 will likely be unaffected by the disruptions and the governments’ mandated stay-at-home orders because the real estate values are based on January 1st of each year, and by all accounts real estate, especially industrial properties in South Florida, were at phenomenal levels at the end of the 2019.

However, the 2021 appraised values for tax assessment purposes will need to take into account the lost cash flows, and loss of subsequent value that may occur as a result of tenants being shutdown or landlords proactively cutting rents or providing other incentives.

We expect to have a very active tax appeal season for the next two years because of this, and we urge all returning and new clients to attempt to keep notes on how the shutdowns have affected their properties and any deals they are making with tenants.  Most appeals will rely on factual numbers to analyze property but personal stories are helpful as well.

We hope everyone is able to stay safe and healthy.

Please email us if you have any questions or concerns.

Introducing the first in our educational video series. This presentation will cover some basic negotiation concepts and tactics that can benefit everyone in their daily lives.

We are currently reaching out by email to all of last years clients to renew their appeal petitions for 2019.  If you have not received an email from us or want to discuss the 2019 appeal process.  Please call or email us today.

As a courtesy to our clients if we represented you last year (2018 Tax Year) and your assessed value has been raised we may decide to preemptively file a petition on your property to make sure you don’t miss your chance.

However, if you have bought or sold any property, please try to let us know by either entering the information in our online form or contacting us directly at 305.443.4966

If you have never worked with us before please fill out our online form and we will have everything we need to get the petitions in on time and we will follow up with you soon after the filing deadline if we need more detailed information.

Hurricane Dorian, Thurday 11am Update

Once again it seems that a hurricane is threatening South Florida right as owners are receiving their TRIM Notice from the County that details their upcoming real estate taxes.

Because of this, we expect some disruption in our office hours between now and Sept 17th.

As a courtesy to our clients if we represented you last year (2018 Tax Year) and your assessed value has been raised we may decide to preemptively file a petition on your property to make sure you don’t miss your chance.

However, if you have bought or sold any property, please try to let us know by either entering the information in our online form or contacting us directly at 305.443.4966

If you have never worked with us before please fill out our online form and we will have everything we need to get the petitions in on time and we will follow up with you soon after the filing deadline if we need more detailed information.

Stay safe and prepared, South Florida.

Track Hurricane Dorian on the Official NOAA Website

 

 

We just finished creating an updated version of our “world famous” Township, Range & Section Map for Miami-Dade County using free GIS Data from Miami-Dade County and QGIS.

Download it here for a printable copy [DCRE 2018 TRS Map] Or invite us out for lunch and we’ll bring you an 11 x17 poster-sized version once they arrive.

 

Tom was quoted in the Miami Today, today, in a story about the tax implications of Miami’s priciest Office Towers.

“Thomas Dixon of Dixon Com­mercial Real Estate finds the larg­est office buildings contributing about S51 million to Miami-Dade in 2017 property taxes.

Reviewing the 20 largest multi-tenant properties within Miami-Dade, findings show how the investment per square foot of rentable space changed from 2016 to 2017. Mr. Dixon sees factors such as a building’s age and whether it was recently sold as influencing its property taxes.”

You can read the full article online if you have a subscription.