Eliminating 100% of Your Florida Property Taxes
Is it really possible to eliminate 100% of your Florida real estate tax assessment?Not usually. In fact, after representing taxpayers for years, I just got notice of my first 100% valuation reduction on non-exempt property.
What kind of property was it, you ask? Four-tenths of an acre of vacant land in a gated community designated by the subdivider as a private road or private drive, serving as a common area for the residents of a thirteen-home homeowners' association. Under such circumstances, the value of the common area may already be assessed for property tax purposes in the valuations of the adjacent single-family residences. If this is so, and certain other technical requirements are met, such property may be reduced by the Property Appraiser or by the Value Adjustment Board to a zero value.
What was the tax savings here? Well, a $510,960 assessment in the City of Miami equals about $14,000 in taxes at a smidgen over 26 mills.
To review the assessment and compare it to your homeowners' association property, copy and paste the following url in your internet browser. http://gisims2.miamidade.gov/myhome/propmap.asp?app=none&bytool=FOLIO&cmd=FINDFOLIO&cmdTemp=&tool=SELECT&searchtool=FOLIO&searchtoolTemp=&mapURL=http%3A%2F%2Fgisims2.miamidade.gov%2Foutput%2Fmd_prop_S0141015263225285019.jpg&minX=702253&minY=281551&maxX=1009861&maxY=589159&selX=&selY=&scale=30761&ownerl=&ownerf=&stnum=&stdir=&stname=&sttype=&stunit=&stzip=&folio=0141400310150&reffolio=&cfolio=&startnum=0&sOrthophoto=NO&sColorphoto=YES
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Daniel A. Weiss is a former Attorney Special Magistrate for the Miami-Dade County Value Adjustment Board. Mr. Weiss now represents residential, commercial, institutional charitable, commercial agricultural and municipal taxpayers at VAB proceedings throughout the State of Florida, focusing on Miami-Dade, Broward, Palm Beach and Orange Counties. Mr. Weiss handles both valuation and legal claims.
Mr. Weiss has over 24 years property tax experience. Mr. Weiss represented the Miami-Dade County taxing authorities in litigation and appeals between 1981 and 1995 as a Miami-Dade Assistant County Attorney and has since represented taxpayers in property tax matters.
In Florida Trend magazine’s “Legal Elite” issue, July 2004, Mr. Weiss was selected by his peers as one of the top 30 government lawyers in the State of Florida.
For more information click here
What kind of property was it, you ask? Four-tenths of an acre of vacant land in a gated community designated by the subdivider as a private road or private drive, serving as a common area for the residents of a thirteen-home homeowners' association. Under such circumstances, the value of the common area may already be assessed for property tax purposes in the valuations of the adjacent single-family residences. If this is so, and certain other technical requirements are met, such property may be reduced by the Property Appraiser or by the Value Adjustment Board to a zero value.
What was the tax savings here? Well, a $510,960 assessment in the City of Miami equals about $14,000 in taxes at a smidgen over 26 mills.
To review the assessment and compare it to your homeowners' association property, copy and paste the following url in your internet browser. http://gisims2.miamidade.gov/myhome/propmap.asp?app=none&bytool=FOLIO&cmd=FINDFOLIO&cmdTemp=&tool=SELECT&searchtool=FOLIO&searchtoolTemp=&mapURL=http%3A%2F%2Fgisims2.miamidade.gov%2Foutput%2Fmd_prop_S0141015263225285019.jpg&minX=702253&minY=281551&maxX=1009861&maxY=589159&selX=&selY=&scale=30761&ownerl=&ownerf=&stnum=&stdir=&stname=&sttype=&stunit=&stzip=&folio=0141400310150&reffolio=&cfolio=&startnum=0&sOrthophoto=NO&sColorphoto=YES
__________________________________________________________________________
Daniel A. Weiss is a former Attorney Special Magistrate for the Miami-Dade County Value Adjustment Board. Mr. Weiss now represents residential, commercial, institutional charitable, commercial agricultural and municipal taxpayers at VAB proceedings throughout the State of Florida, focusing on Miami-Dade, Broward, Palm Beach and Orange Counties. Mr. Weiss handles both valuation and legal claims.
Mr. Weiss has over 24 years property tax experience. Mr. Weiss represented the Miami-Dade County taxing authorities in litigation and appeals between 1981 and 1995 as a Miami-Dade Assistant County Attorney and has since represented taxpayers in property tax matters.
In Florida Trend magazine’s “Legal Elite” issue, July 2004, Mr. Weiss was selected by his peers as one of the top 30 government lawyers in the State of Florida.
For more information click here
posted by Daniel A. Weiss at
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