The 2010 property tax notices will be mailed out for Miami-Dade, Broward and Palm Beach Counties in August.
These are the "Notice of Proposed Property Taxes" or "TRIM notices". They show both the 2009 taxes and the 2010 current taxes. Due to the decline in market values in south Florida, hundreds of thousands of property owners will decide to appeal their tax assessments. See this link for the Miami-Dade tax roll site. The 2010 tax assessments are posted.
Property owners have 25 days from the receipt of their notices to file an appeal with the county property appraiser's office. The fee is $15 and if you have consecutive folio numbers, there is a discount. Click here for the link to filing the 2010 petition in Miami-Dade. The deadline for filing a timely petition is September 20th, 2010.
Broward sends out the 2010 TRIM notices between August 13-20 and the deadline is also September 20, 2010. See this link to look up the Broward assessments. The Palm Beach info is found here, and tax payers have until September 16, 2010 to file the petition.
Homeowners that purchased after 1992 when the Save our Homes (SOH) law was passed will see their "market values" increase until the assessed value is equal to the market value. This is the "recapture" provision and the increase is the lesser of 3% or CPI. This year the increase is 2.5% (CPI increase). Click here for Miami-Dade to see your tax assessment and how the "assessed value" and "market value" compare. One always appeals the "market value."
Links:
7315 N.W. 31 Street, Airport West - Tax assessment reduced from $6,047,363, to $5,831,219 totaling a $216,144 savings.
Two office condominiums at South Miami's Plaza 57 were appealed by Rosen Tax Appeal, LLC. One was reduced from $1,131,700 to $1,032,864, an approximate $100,000 reduction. The other was a smaller unit which also was reduced substantially.
7901 S.W. 67 Avenue, South Miami, FL (Ludlum Rd). This office buidling was appealed with Britt providing testimony and the market value was reduced from $2,587,789 to $2,245,448.
Unit #1104 at the Watergarden Condo in Fort Lauderdale was successfully reduced from an assessed value of $477,370 to $433,880, for the 2008 appeal. The Waterfgarden's 315 units are located just off Las Olas Boulevard on the New River in Ft. Lauderdale.
In February 2009, Pam Moore and Britt J. Rosen were able to get the tax assessment reduced for a one bedroom unit at Brickell on the River located at 31 D.E. 5th Street in downtown Miami. This is a new building on the Miami River adjacent to the People Mover in the Brickell corridor. The $32,745 reduction represented a 14% decrease in the total assessment.
Pam Moore and Britt J. Rosen successfully obtained a reduction in the real estate tax assessment for a North Coconut Grove home. The property was assessed for $711,031 and the assessment was reduced to $657,404, or by $53,627.
Britt J. Rosen, CCIM, was an expert in the case of a Fisher Island Drive condominium where the assessment was reduced from $8,057,830 to $7,500,000. The tax savings was $10,385.23.
Britt J. Rosen, CCIM, and attorney Jim Schiff successfully obtained a reduction of property tax to a multi-tenant industrial complex on Milam Dairy Road (N.W. 72nd Avenue) in NW Miami-Dade County in December 2008. The assessment of $14,090,561 was reduced to $12,863,320 by the Special Magistrate, saving the property owner $22,847.79.
Miami, FL - Britt J. Rosen, CCIM, successfully obtained a reductions in the real estate taxes in both 2007 and 2008 for this corner property locaated at 2830-34 NW 5th Avenue in Wynwood, in Miami-Dade County, Florida.
The property was assessed for approximately $1,119,000 in 2008. Britt presented an income & expense analysis along with comparable sales.
The Miami-Dade VAB Magistrate reduced the assessment by approximately 30% of the 2008 assessed value. Similar results were obtained in 2007.
View looking north at subject. N.W. 5th Avenue is located on the right. This area is known as the "garment district."
Contact Us | Links | CCIM | Home | Site Map | Blog
Copyright © 2012 Rosen Tax Appeal, LLCPortions Copyright © 2012 a la mode, inc.Another XSite by a la mode, inc. | Admin Login| Terms of Use| Site Map
