Florida county assessors are required to re-appraise real property annually. Property appraisers establish the value of a property each year as of January 1st....
Florida county assessors are required to re-appraise real property annually. Property appraisers establish the value of a property each year as of January 1st. They also review and apply exemptions, assessment limitations, and classifications that can affect a property’s taxable value. Value changes from prior assessments are typically based on market conditions and transactions that occurred within the past year.
Florida property owners should be receiving their Truth in Millage (TRIM) notices this month (August). Property owners have 25 days from the date of mailing of the TRIM notices to file an appeal.
Market analysts are expecting assessed values in Florida to continue to rise. This, plus skyrocketing property insurance premiums, are likely to have a significant impact on company bottom lines and investor returns. Jack Schindler and Muthu Periakaruppan, each with over 20 years of experience, are looking forward to assisting Sunshine State property owners in the review of their portfolios and the potential filing of property tax appeals.
Source: Florida Department of Revenue, The Real Deal
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