Thursday, August 6, 2009

Want To Lower Your Property Tax Bill?

It's that time of year again... property tax "TRIM" notices should arrive no later than August 24Th in Miami-Dade County. Your property taxes are based off the assessed value of the property. Since property values have decreased significantly over the past few years, you may need to apply for an appeal of your tax bill if what you receive is too high. This is especially important if you have purchased a home within the past 6 years, or if you do not have Homestead Exemption. If you find that the assessed value listed is significantly higher than what it would appraise for today, you can apply for an appeal within 25 days, up to September 18Th.

But wait! You may not need to appeal. Attached in the link is a letter with an explanation of the average tax reduction already in place by municipality. Take a look at this link and look up your area. It's a lot of Moo-La that the government has to cut. Here's the letter. http://www.miamidade.gov/pa/library/NR-09%20Prelim%20Tax%20Roll-09-07-01.pdf