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Putting up a fight is worth the tax savings
The Florida county property appraisers mailed out their annual TRIM (Truth In Millage) notices in the last couple of weeks. Many people don't give too much thought to these. But that sentiment has changed some in the last few years as values spiked tremendously but have not gone down nearly as much.
The local governments will tell you how terrible it is and how broke they are, but in looking at the taxes being paid now and then comparing them to what was paid back in 2004 or so, the dollar amount is not much different. Makes you wonder just how broke they really are when they are getting the same amount of tax dollars or more then they were back then. But government waste and stupidity is a story for a different day.
The fact is that you can challenge your assessed value if you do not believe it is accurate. The value is actually about a year behind, so the value your property is worth today is not what matters. The value on the TRIM notice is supposed to be the value it was worth on January 1, 2010. In order to challenge the value, you must use comparable sales from the ... more
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