If you own real estate in South Florida, time is running out to challenge your property’s market value as set forth in the TRIM Notice of Proposed Property Taxes that you should have received recently (the “TRIM Notice”).
If you believe that the assessed market value for your property as set forth in your TRIM Notice is higher than the actual market value of your property as of this past Jan. 1, you should file a petition with the Value Adjustment Board (VAB) in your applicable county. The VAB settles disputes between a taxpayer and the Property Appraiser. The VAB is completely independent of the Property Appraiser’s office.
Depending on the County of your jurisdiction, taxpayers may file VAB petitions on the County Clerk’s website, in person at the County Clerk’s office or other branch locations, or by mail. Petition forms are generally available from the Clerk’s office, the Property Appraiser, and the Florida Department of Revenue websites.
The VAB has a statutory $15 filing fee, which must accompany the application. The application must be completed in full and submitted prior to the applicable deadline. For 2014 valuation appeals, the timely filing deadline for Palm Beach County is Sept.15, 2014, and the timely filing deadline for Broward County is Sept.17, 2014. If you live in a different jurisdiction in Florida, please refer to your TRIM notice for the applicable deadline or contact your county Property Appraiser’s office.
For more information, please contact:
John T. Metzger
We have an integrated team of attorneys who understand the challenges facing the real estate industry. We typically help clients acquire real estate, secure construction and permanent financing, negotiate architect and builder contracts, develop commercial and residential projects, and negotiate leases. Within our Real Estate Practice, our environmental attorneys combine regulatory, technical and business expertise to help clients meet the complex challenges posed by environmental laws and regulations. We service a wide range of clients in all aspects of compliance and transactional activities involving solid and hazardous waste, air, wastewater, underground storage tanks, site assessments, site remediation, voluntary cleanups, lender and corporate officer liability, wetlands, and asbestos.