The 2023 Tax Appeal
You can check the proposed new assessed values today on the County Property Appraiser Website.
REAL ESTATE TAXES IN SOUTH FLORIDA
The real estate tax assessment is established each year by the County Property Appraiser using mass appraisal techniques and covers the over 900,000 parcels in Miami-Dade County.
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 owner must pay, based on the assessed value and millage rate.
The millage rate is derived by dividing the funds the school board, city, and county government need to operate, by the total assessed value of real estate.
The real estate taxes for a property are then calculated by multiplying your assessed value by the millage rate.
The County’s Budget / Total Value of all properties in the County = Millage rate (tax rate) Assessed Value x Millage rate = Your Yearly Real Estate Taxes
As a taxpayer, you are only obligated to pay your fair share, but the only part of the real estate tax equation which can be appealed is the value assessment. This is where we can help.
After you receive the TRIM notice, there is a period of usually 25 days to file an appeal petition if you wish to contest the proposed valuation assessment.
In the next 6-8 months, there will be a hearing before a Special Magistrate to present evidence that the property is over-assessed. If the magistrate agrees with the evidence, the County will issue a refund check for the difference.
As a property owner, you are permitted to file your own appeal and present your arguments before the Special Magistrate. However, most property owners find that using a professional that has experience with both the data and process is much more effective.
With our 40 plus years of combined knowledge of South Florida real estate valuations as estate brokers, former professional appraisers, and teachers, we are well-equipped to represent property owners in the successful appeal of real estate tax assessments.
For over 20 years, Dixon Commercial Real Estate has been assisting property owners in minimizing their taxes by:
- Proactively filing appeal petitions for clients in good standing.
- Reviewing annual real estate assessment changes.
- Preparing a no-nonsense valuation analysis that can be easily understood by the Special Magistrates that review cases.
- Personally presenting the appeal information to the VAB Special Magistrates at the individual hearings.
- Following up with both clients and the Tax Collector’s office to confirm the correct amount is refunded.
Specialized skills to achieve results:
- Knowledge of local markets – Residents of Miami for 40+ years.
- Extensive use of latest technology for research and presentation.
- Over 20 years of commercial appraisal experience.
- Over 20 years of real estate tax appeal experience.
- Over 40 years as an owner, manager, and developer of commercial real estate.
- Active real estate brokers of commercial and multifamily and residential properties.
Tom Dixon is a licensed Real Estate Broker and a Miami Commercial Realtor member and past president of the Miami Association of Realtors and The Commercial Industrial Association of South Florida (CIASF).
Andrew Dixon is a licensed Real Estate Broker and also Miami Commercial Realtor member and formed Board Member(2015-2018) and as well as board member of The CIASF.
Roger Lopez is a licensed Real Estate Sales Agent and Miami Commercial Realtor.
Our office is the author of the annual CIASF Industrial Market Report and co-producers of other CIASF Market Reports and events.
We are results oriented, we charge only a $25/folio fee to cover County filing costs and review research. All other fees are based on successful reductions.