TIME IS OF THE ESSENCE FOR VALUATION APPEALS.
From the time that you receive this notice, you have 25-day window to file a petition(s).
Depending upon the respective calendar – petition filing deadlines are usually on the following dates:
- Miami-Dade County: TRIM NOTICE mailed by Mid- August 2023
- Petition filing deadline is September 17, 2023.
- Broward County: TRIM NOTICE mailed Second Week on August 20, 2023
- petition filing deadline is September 18, 2023.
- Palm Beach County: TRIM NOTICE mailed August 18, 2023
- petition filing deadline September 12, 2023.
This is NOT a Do IT YOURSELF Project – 95% Failure Rate
Approximately 95% of property owners who attempt to represent themselves before a Magistrate will fail. The petitioner must overcome the Property Appraiser’s presumption of correctness by proving by the preponderance of the evidence that their assessment of your property is excessive. Property owners attempting this on their own must submit evidence that includes comparable sales and the respective adjustments. Income analysis has comparable sales and the respective adjustments. Income analysis must include market rent and appropriate market cap rates for their property. Most all property owners who attempt to go it alone do not know how to find comparable sales with the required adjustments. They usually submit evidence about the house next door or down the street with a similar size house and lot but are paying lower taxes. IT IS ALL ABOUT ARMS LENGTH, PRIMA FACIA SALES, AND NOT COMPARATIVE ASSESSMENT ANALYSIS. IT IS ALL ABOUT SALES IN THE ENTIRE YEAR OF 2021. SALES CREATE VALUE NOT STANDING ASSESSMENT WITH HOMESTEAD EXEMPTION EFFECTS. Same with income property; knowing how to create a discounted cash flow or an Internal Rate of Return analysis. But you can be sure that the Property Appraiser WILL submit evidence to support their valuation, with sound appraisal principles. Since the PA has the position of correctness, the Magistrate will have to accept and rule on the side of the appraiser, therefor the petition will be denied as the Petitioner did not prove his case because of faulty or nonrelevant evidence.
You Need a Property Tax Expert
ATTEMPTING TO REPRESENT YOURSELF BEFORE A MAGISTRATE IS ANALOGOUS TO REPRESENTING YOURSELF IN COURT WITHOUT A LAWYER.
If you do not agree with their assessment, contact PROPERTY TAX EXPERTS, INC. for a free consultation to discuss the possibility of a successful appeal.
