Every year, residential and commercial property owners are potentially overpaying their property taxes. Fortunately, there’s a way to appeal your residential or commercial assessed value that could reduce your property tax bill.

If you live in South Florida, you will soon be receiving your Notice of Proposed Property Tax (also called a TRIM Notice) which typically arrive in August. The notice will state “it is not a bill” but it will reflect how much tax you will be assessed on your property tax bill in November.

To appeal, some paperwork and investigation will be required to provide evidence that your home or commercial property was over-assessed. An appeal must be made by the 25th day after receiving the notice. The deadline is noted at the bottom of the TRIM notice. For evidence, you’ll need to search for similar properties in your area, generally referred to as “comparable properties.” These properties need to have a lower price per square foot in order to prove that your property is over-assessed.

If you believe that your tax being assessed does not reflect your properties true value, please contact your Daszkal Bolton tax advisor or Steve Barnett, Managing Partner – WhiteKnight Solutions, a strategic alliance of Daszkal Bolton, at steve@whiteknightsolutions.com.