Are Your Property Taxes Out Of Line With The Value Of Your Property?

Real Estate Broker/Owner with Investor Realty Group, LLC BK3075919

 Having gone before the Miami-Dade County  property tax appeals panel to dispute property taxes, I understand how challenging it can be to get your property taxes lowered.

  It all but seems that those who raised  our taxes during the boom are having a much harder time lowering these assessments  now that have prices have fallen!!!  Not only do they make it very challenging to prepare for a meeting with the panel who determines your fate, but the decreases that I have seen and heard about are still well below the ratio of current market values.

  Property owners are getting fed up with paying county fees that are exorbitant compared to the lower values of their properties.  It is just one more nail in the coffin that may be a deciding factor as to whether or not an owner will  keep a property or let it go!  

 In this tough market (especially Florida), where unemployment is high, wages are lower(one of the most impoverished counties in the country) and real estate prices were speculated to those values of New York or Paris, isn't it time to drop the assessments and live in the present with the rest of us?

  Why don't these counties commissioners  give up some of those perks and pensions and adjust their belts as we have all had to do, or we all may just may find a real estate market with owners refusing to pay these outrageous fees and a land full of renters. 


Comments (1)

Donne Knudsen
Los Angeles & Ventura Counties in CA - Simi Valley, CA
CalState Realty Services

Troy - Here in CA, they are assessing tax bills.  I don't know if a lot of people here are getting their taxes re-assessed but hubby and I got our taxes re-assessed last year.

Feb 03, 2010 03:57 PM