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Last month to appeal property Taxes in Florida

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Mortgage and Lending with Mortgage Solutions FCS DRE 02062657, NMLS 146016

Aug. 11, 2010 - August is Property Tax Appeal month in Florida. Notices of annual tax assessments are mailed to taxpayers in August, and the window of opportunity closes soon for homeowners who want to contest their property tax assessment.

The tax notices also include information on filing an appeal with the local Value Adjustment Board (VAB), which generally includes a September deadline for filing a petition. VAB Notices include three values: market, assessed and taxable. Taxpayers can appeal market value if they believe their assessments are too high. If successful, as a result of a VAB Hearing, their property taxes may be lowered.

However, the VAB must receive a petition requesting a hearing by the deadline date to be assured of an administrative appeal - postmarks do not count.

Petitions are one page forms and can be obtained from the Florida Department of Revenue, the Value Adjustment Board in any Florida county, or the property appraiser in each county.

Some guidelines for property owners who wish to appeal:

· Separate petitions generally are required for each property id or parcel number.

 

· Fees may be charged for each petition filed, but $15 is the maximum fee a VAB can charge.

 

· Taxpayers can file petitions to appeal their assessments, or their agents or attorneys can represent them. Petition forms include requirements for anyone who represents a taxpayer before the VAB.

 

· Complete petitions must include the name of the petitioner (taxpayer or representative), property identification numbers, property addresses, the address of the petitioner, sworn signatures, times requested, and boxes to check requesting information or certain conditions.


Commercial Property Services (CPS), a licensed Florida real estate brokerage that appeals property taxes, recommends that petitioners check a box asking for property record cards, which can include information that helps with an appeal. Many record cards identify the appraisal method used by the taxing authorities, as well as cost calculations. Some records include income data.

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Christopher Shearer is a multi-family / commercial real estate consultant achieving property owners the highest possible NOI through the implementation of optimal rents for the property, accomplished through careful market, property, comparison grid analysis, effective cost control and revenue improvement programs; identify and analyze trends and recommending appropriate strategies to increase a properties maximum efficiency. Expert at Preparing new investment analysis presentations, offering memoranda and marketing materials, including key investment metrics. IRR, COC, DCR, CR etc.

A seasoned professional, with over 15 years' experience in real estate and finance management. A real estate broker licensed in Florida and Virginia specializing in real estate and asset management of multi-family and commercial properties. Christopher is currently pursuing his M.B.A. in real estate, he holds a B.A. in business as well as an A.A. in business management. Christopher has the following state licenses; Virginia Real Estate Broker, Florida Real Estate Broker, Florida Mortgage Broker and Colorado Mortgage Broker.

Contact me for a consultation and analysis of your commercial or multi-family properties.