Florida: Deadline Rapidly Approaching to Appeal 2014 Real and Personal Property Tax Values

Truth-in-Millage Notices, or TRIM Notices, have started arriving in Florida taxpayers’ mailboxes. The notices are generally mailed each August and reflect the state’s proposed 2014 property taxes for both real and personal property.

SC&H Group recommends you review the notice as soon as it arrives and act quickly if you believe the assessment is inaccurate.

The notices are required by the Florida state legislature to keep the public informed about taxes as proposed by local taxing authorities.

Although the assessed value of your property may be the same as, or less than, the assessed value of the previous year, the property may be assessed higher than the true fair market value – an inaccuracy that may warrant an appeal.

The window to protest the valuation is quite short, hence the need to move as quickly as possible. An appeal must be filed within 25 days of the date of the notice.  Typically, this appeal period is between September 1 and September 30 and varies by county.  Any reduction in assessed value may result in a decrease of property taxes that will be due from November 2014 through March 2015.

SC&H Group’s personal property tax professionals work to ensure that your tax obligations are accurate and that you are aware of – and take advantage of – all relevant tax saving opportunities. For more information, please call us (800) 832-3008, or email us at sch_group@schgroup.com.