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FPTS as seen on NBC: "Save Thousands on Your Property Taxes"

2011 Appeals

New 2011 Tax Bills have been issued by the tax collector’s office. A new statute passed last year now requires taxpayers with a pending tax appeal petition to pay the taxes by the delinquency date or the appeal will be cancelled. Here’s what you need to know:

NOTICE TO 2011 PETITIONERS OF TAX PAYMENT REQUIREMENT

Petitioners filing for a Value Adjustment hearing challenging assessed values must pay all non-ad valorem assessments and at least 75% of ad valorem taxes on or before April 2, 2012.

Petitioners filing for a Value Adjustment hearing challenging denial of a classification or exemption must pay all non-ad valorem assessments and pay the amount of tax the taxpayer in good faith determines to be owing on or before April 2, 2012.

Payments on the 2011 tax roll must be received by the Tax Collector no later than April 2, 2012.

***On April 3, 2012, taxes will become delinquent and Petitions before the Value Adjustment Board will be denied as required by Florida law.***

This new law was passed by the 2011 Florida Legislature as Florida Statute 194.014 (2011).
                                                                                             

In Miami-Dade and Broward counties, the 2011 cases will not begin until AFTER the 2010 cases have concluded AND that the 2010 cases may not conclude until sometime in 2012.

2010 Appeals

Check status of appeals on the county web site (Dade only):

Dade County

News & Notes

The Non-Homestead 10% Assessment Cap

Effective for 2009 Tax Year - How it Affects Your Appeal

The non-homestead cap is similar to the Save Our Homes (SOH) limitation except that for non-homestead properties the cap is established at 10% rather than the 3% for homestead properties. The 10% assessment cap for non-homestead properties does not apply to school levies.

For properties benefiting from a capped assessment, it is important to understand that there are two levels of taxes levied on the ad-valorem portion of the tax bill:

1. The capped assessed value is the maximum value the assessment may be increased in one tax year and is taxed at the full millage rate.
   
   
2. Portion Exceeding the Cap is the difference between the market value and the capped assessed value and is taxed at the school district rate only.

If a non-homestead cap applies to your assessment, you are already receiving a tax savings benefit and further reductions may be marginal. In these cases, FPTS will continue its efforts to further your tax savings by attempting to reduce the market value.

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