Property Taxes.....Did you just buy a house/condo?? You may be able to lower your Property Taxes!

It is estimated that 60% of taxable property in the U.S. are over assessed, in Florida the Value Adjustment Board (VAB) is the entity that determines the assessed value of your property based on information from the Assessor's appraisers.

Today property values have dropped across the board, this means that the information that this office has in regards to property's assessed value is incorrect which translates into incorrect taxes. In order to make sure you are paying the correct amount of taxes you will need to do some research. There are a number of things you need to do in order to file an appeal to get your property re-assessed and get your taxes reduced. You can find the appeal form and all in the information needed by visiting:

http://www.miami-dadeclerk.com/dadecoc/VAB.asp

I can't stress how important it is to get this done ON TIME, it can mean the difference between paying a couple of hundreds may thousands of dollars extra taxes without having to. Deadlines varies depending on the county you live in but it is usually 25 days from the day you receive the "Notice of Proposed Property Taxes"- which is usually mailed out in August.

Realtors--tell this to your clients and remind them come August- they will be so thankful for the money you will save them.

Home Buyers--write this down in your calendar the day you buy your house forgetting to Appeal your property assessment value can save you lots of money.