Open Your Mail! File Your Property Tax Appeal!

Open Your Mail! File Your Property Tax Appeal!

Don’t ignore your mail just because of a hurricane! Last week you got an important letter from the Property Appraiser if you own commercial or residential property in Miami. Don’t trash it! Tiny font at the bottom notifies you of your right to file an appeal of your taxes by Tuesday September 18! Do it! Who wants to pay more tax?

Open your Letter from the Property Appraiser! Your Appeal Rights are at the Bottom and Tuesday September 18, 2012 is the Deadline to File Your Property Tax Appeal!

If you trashed your letter there is hope for you… hurry…look it up online now at http://services.miamidade.gov/paportal/trimpdf/Mainmenu.aspx

The letter is not a bill, it is the Notice of Proposed Property Taxes – in real estate lingo, a “Trim Notice.” Your Tax Bill comes in November.

Although not a bill, this notice is important.

In little tiny writing at the bottom it says that if you feel the market value of your property is wrong (ie too high so your taxes are too high) that you may file a petition for adjustment by Tuesday, September 18th. If you file an appeal the best case is your taxes will be reduced, the worst case is they will remain the same (they won’t be increased).

We’re not on “Miami Time” here. If you don’t file your petition in by Tuesday, September 18th you lose your appeal rights! You can find the petition form on line at http://www.miami-dadeclerk.com/property_vab.asp

My students say it’s “weird” to appeal your property taxes before you receive the final bill. Well, that’s the way it is in Miami (and its not the only “weird” thing about Miami!)

If you wait for your tax bill in November and scream “Oh my taxes are too high and I want an appeal”… it’s too late for you. The deadline to appeal is Tuesday, September 18th.

The Trim Notice also gives you, the property owner, advance-notice of what your tax bill could be so you can budget to pay it. The Trim Notice tells you the market value of your property deducts your exemptions from your market value and then shows you the tax rate. In real estate lingo, the tax rate is the “Millage Rate.”

In little tiny writing at the bottom, the notice also says that you may call the property appraiser and go over your property value with them. I did this last year and it was helpful to learn about how the property appraiser arrives at value!

Feel free to contact me Professor Real Estate® if you have any questions about property taxes, millage rates, property tax exemptions and property appeals!

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Disclaimer: Professor Real Estate® written materials apply generally to real estate subjects and are not intended to apply to specific legal issues.

Copyright © 2012 Suzanne Hollander, Professor Real Estate® The People’s Professor.

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1 Comment for “Open Your Mail! File Your Property Tax Appeal!”

  1. Great advice to the layman/RE tax payor. Now is the time to file your appeal and there are good, honest specialists in this field. Don't be caught out or over-charged for this service. Contact the author or Steve Epstein, P.A. Broker-Associate – Accelerated Realty, Inc. below for more help. Thanks Suzanne

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