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Florida Property Tax Relief Finally, but will Home Owners Really Benefit?
Gary Schneider sent this to me this morning. Important news for all of us real estate owners:
Good Morning,Did you know that House Bill 521 was passed and signed into law? The Bill transfers the burden of proof from the homeowner to the Property Appraiser's office in property value disputes. In the past, if you wanted to challenge the Property Appraiser's assessment, you had to prove he was wrong; now the Property Appraiser will no longer have the assumption of correctness, so he will now have to prove he is right. Over the next five years, Florida homeowners and owners of business, rental, or second-home properties are expected to save more than $2.1 billion due to the change in the law.
Gary Schneider
After receiving this email, I called the Alachua County Property Appraiser's office and spoke with JD Durrance. Isn't it funny how there are always at least two good sides to every story. He knew of the bill immediately and shared some concerns that, although this bill was presented as helping the everyday consumer, it might actually end up benefiting the big companies that are hired to fight property valuations for large scale properties. JD reminded me that his office ... more

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