Florida property values are dropping, but tax bills are staying relatively the same.
Why is that?
Did you know that property taxes (also known as ad valorem taxes) are the ONLY tax BASED ON AN OPINION OF THE PROPERTY’S VALUE? The methods used by the Property Appraiser to get data and calculate mass property values are, in some cases, inexact and subject to error. As a result of these errors, the Property Appraiser’s “opinion” of property value can be too high.
According to the National Taxpayers Union, mistakes in tax rolls can be as high as 60%.
While Property Tax Advocate LLC recognizes that there are over-valuations of property, our company also recognizes that many property appraisals by county officials are fair and accurate and our company appreciates the hard work and diligence to those property owners paying only what is appropriate under our current tax system. |
