TAMPA, Fla. — As summer approaches, residents across Florida are bracing for property tax assessments arriving in their mailboxes. Many homeowners believe these assessments are set in stone, but a local attorney encourages them to explore their options for contesting these figures.
Patrick Risch, who oversees the real estate litigation division at Hill Ward Henderson, advises property owners that their assessed value is not definitive. He points out that the assessment, ultimately, reflects an opinion shaped by market conditions and can sometimes be influenced by automated systems.
“Assessments are based on market evidence, but remember, they are fundamentally opinions,” Risch stated. He highlights that many homeowners remain unaware that they can challenge these assessments, which could result in considerable savings.
The first step for homeowners looking to dispute their assessment is to visit their county’s property appraiser’s website. However, Risch stresses the importance of acting swiftly, as delays can lead to missed opportunities in contesting the assessment.
“It’s crucial to respond promptly because the government needs to collect taxes on schedule. Failing to act quickly may bar homeowners from appealing until the following year,” he explained.
Risch suggests that as property owners consider whether to file an appeal, they should examine the assessed values of neighboring homes, particularly those that have recently been sold. This comparative approach can offer valuable insight into whether their property’s valuation is fair.
“County appraiser websites typically provide a wealth of information. Homeowners can often find details about how their property value was determined and compare it with nearby properties’ values,” he added.
Overall, Risch underscores the need for homeowners to be proactive in understanding and potentially challenging their property assessments. With timely action, homeowners may find themselves in a position to alleviate their tax burdens.
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