Friday, August 25, 2017

Deadline Approaching for Challenging Property Taxes

Every August, property owners in Florida receive updated tax assessment figures from the local tax authority. This is done through a Truth in Millage (TRIM) Notice. The purpose of the TRIM Notice is to explain any proposed changes in the millage rate of each taxing authority, and to inform the property owner of the assessed value.

An important procedure that is often overlooked by taxpayers is the property tax petition. Specifically, local counties allow property owners to contest their assessed value before an independent appeals board known as the Value Adjustment Board.

However, in order to be eligible for appeal, you must file for the petition prior to the deadline established by your county. Please pay close attention to the deadlines below for the local South Florida counties:
1)      Palm Beach County: September 15, 2017
2)   Broward County: September 18, 2017
3)   Miami-Dade County: Due date varies; date is listed on the actual TRIM notice. 

The failure to file a petition for appeal prior to the due date will result in the loss of the ability to petition your assessment for the year. Since the dates listed above are rapidly approaching, it is crucial that you file the petition as soon as possible should you wish to appeal your property tax assessment. Should you need assistance with your appeal, please call Morris Law Group for a referral.