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Monday, August 7, 2017

Neighboorhood did not pay their $14 Property Tax and lost their private street.

A community in San Francisco, California neglected to pay their $14 a year Property Tax on their private street.  Presidio Terrace, a neighborhood filled with mega-mansions, is very upset.  Some of the home owners include Sen. Dianne Feinstein and House Democratic leader Nancy Pelosi.
For three decades, the bill was never paid.  The outstanding bill added up to $994 and went up for auction.  The community is home to 35 properties with an average value of five million.

While the community is fighting the sale, they fear they may be charged fees to park on their (former)street. 

No matter how little, make sure to pay your property taxes.  We at Property Tax Appeals Group will always be happy to help you try to get them reduced. 

foxbusiness.com
business insider.com

Wednesday, July 19, 2017

Miami-Dade has approved a flat property-tax rate increase for 2018

http://www.miamidade.gov/transit/images/rail-BIG.jpg

Property Values are going up, condos are going up (adding to the tax base), and people are upgrading their homes.  Regardless of this, Miami-Dade still faces shortfalls in sales tax projections and a decline in hotel-tax revenues.

The County is facing cuts in transit and has no way to pay for a major expansion of the counties Metrorail.  While property taxes will bring in $1.7 billion, the County budget is $7.4 billion.

Miami-Dade is also having to contend with the new homeowner tax deductions that will most likely be voted in shortly.  This will increase the homestead exemption from $50,000 to $75,000 of the first $100,000 of the home's taxable value.  One could assume that the County is trying to boost the tax on the property taxes now to get ahead of the future reduction.

The new flat property-tax is not a significant number but is still an increase.  Budget chief Jennifer Moon has stated that a property valued at $200,000 would see an increase of $4.00 extra a year.

All properties are taxed at $467 for every $100,000 of taxable value (based on your homesteaded value, not market value).  Bond referendums taxes at $40 for every $100,000 of value.  Municipal services (outside of city limits $193 per $100,000, library $28 per $100,000, and fire $243 per $100,000.

The County is promising increased service and improvements for public transportation but do not know how to pay for it.

Your TRIM notice will be arriving next month.  Please remember that the top may say THIS IS NOT A BILL, the bottom say if you do not appeal now, you forfeit your right to appeal when you receive your bill.  Click here to view a estimated calendar of important dates.  If you suspect that your home or investment property has been improperly assessed or want us to give you our opinion, please contact us at www.PTAGflorida.com or call (305) 693-3500.

Click here to read the full Miami Herald story

Friday, June 23, 2017

U.S. Supreme Court Rules Against Property Rights Advocates

https://en.wikipedia.org/wiki/File:Anthony_Kennedy_official_SCOTUS_portrait.jpg
Justice Kennedy

In the case of Murr v. Wisconsin, zoning changes made by the state devalued property so the owners claimed it should be deemed a "regulatory taking."  In the end, the U.S. Supreme Court disagreed.

Over 50 years ago the Murr family purchased the property with the intention of passing down to their children.  The children had decided to sell of one of the parcels but were told that the single lot was no longer able to be developed alone.

The family claimed this was in violation of the Fifth Amendment.  The Wisconsin Court of Appeals found 5-3 that the family was not harmed when the properties were viewed together.

Much of the case focused on the "property as a whole." With this view Justice Kennedy found "the state court was correct to conclude that petitioners cannot establish a compensate taking  They have not suffered a taking...as they have not been deprived of all economically beneficial use of their property."

The question is will this lead to new zoning laws that would put hardships on owners. It could force them to sell their property.

For more information on this topic please refer to the article in the Daily Business Review
For assistance in your property tax appeal we can be found at www.PTAGflorida.com

Thursday, June 22, 2017

Helping to protect property owners and Florida as a whole.

As members of the Miami Association of Realtors, we are honored to have one of our principals Brian Sharpe, serving on their board.  As the Commercial President Elect, Mr. Sharpe has been traveling with the Association to places such as Tallahassee, FL and Washington D.C.  While there he (along with other members) have been advocating for their members, owners and renters, and the environment.

Some of the big win items this year involve the property tax cap, a cap on estoppel certificates, housing projects, environmental protection/repair, and a reduction in the business rent tax.


Passed joint resolution to preserve the 10% Cap on Non-Homestead Property Taxes and protect owners from a $725 million tax increase.


Passed SB 398 Which caps estoppel certificate fees and provides other important reforms.


$270 Million for affordable housing, the highest amount of funding in a decade.


Saved business owners $61 Million with a first-ever cut to the business rent tax.


$440 Million for Everglades restoration, beach re-nourishment and springs restoration.

For more information on these wins, please check out  MiamiRealtors.com or FloridaRealtors.com 
For assistance in appealing your property taxes: www.PTAGflorida.com
For a link to a video recap of the wins.: https://youtu.be/oOwszdOxRw4

Monday, February 13, 2017

Broker’s View space in Business Monday of the Miami Herald by Barry Sharpe

Barry Sharpe of Property Tax Appeal Group, pTag, had the opportunity to write a story for today's Business Monday.  
Barry Sharpe

The story tells home owners how they can help themselves in obtaining thousands of dollars in property tax refunds.   

If you are considering selling your property, consulting with a Realtor would be a great idea.  They would be able to help you determine the market value of your home.  You would better know what buyers would be looking for and what could scare them away.  

Please read the full story on the Miami Herald website.



If you are looking for assistance with a property tax appeal, please contact us at www.PTAGflorida.com  

Read more here: http://www.miamiherald.com/real-estate/article132066369.html#storylink=cpy

Tuesday, December 13, 2016

Loophole allowing some retailers to pay property tax as if vacant.

The dark store tax argument.  The underlying argument is millions of dollars have been spent to build a large box for a particular store.  County property appraisers will then value the property based on the purchase price of the land plus the cost of construction, less depreciation.  The property owner will then argue that the property should be valued based on comparable sales of similar properties, the way a house is valued for tax purposes.


Over the past four years, many stores such as Lowe's and Target, have fought this fight. In most cases the stores have prevailed, saving millions of dollars in property taxes, according to the National Association of Counties.  
The store has a duty to their investors to watch their bottom line and pay their fair share.  They are arguing that they are being over assessed and winning.  


In Marquette, MI, the local Lowe's which built a store two years ago for $10 million argued that it really should be valued at $3.5 million.  They argued that the resale value of other shuttered big-box stores throughout the state should determine the value, not the cost of construction.  This resulted in a cut by two-thirds and Marquette had to return about $450,000 back to Lowe's.  Their current tax bill was also lowered by more than $150,000 a year.  

Where lies the correct number?  Construction, value-in-use, as vacant, or a blending of all of the above?  

While we at Property Tax Appeal Group have made this argument, it is difficult for the county to change how they value a particular type of construction or use after so many years of consistent valuations.  

For more information on this subject you may check out www.bloomberg.com

Monday, December 12, 2016

Supreme Court will not hear the appeal from a married couple where each have a Homestead exemption in different states.

TALLAHASSEE, Fla. – Dec. 9, 2016 – The Florida Supreme Court on Thursday declined to hear an appeal of a case that involved a married couple having homestead exemptions in two states. Justices, as is common, did not explain their reasons for turning down the appeal filed by Broward County resident Venice Endsley, who was married to her late husband, Robert, for more than 60 years.
In the 1980s, Venice Endsley signed over her rights to a home in Huntington, Ind., to her husband. In turn, Robert Endsley signed over his rights to a home in Lauderdale-By-The-Sea to his wife. Venice Endsley had a homestead exemption on the Florida home, while her husband received a similar exemption on the Indiana home.
The Broward County property appraiser learned of the arrangement in 2006 and said Venice Endsley was not entitled to a Florida homestead exemption, which resulted in a legal dispute as the court waded into questions about whether state law only barred multiple homestead exemptions in Florida or whether the prohibition also addresses properties in other states.
In its ruling the 4th District Court of Appeal in March sided with the property appraiser, ruling that the Florida Constitution only allowed one homestead exemption to be claimed. A three-judge panel, pointing to a provision in the Florida Constitution, upheld a decision by a Broward County circuit judge, who found that the Endsleys were a "single family unit and could not claim separate homestead exemptions," according to the ruling in March 2016.
"The trial court found that the plain language of the provision meant that only one homestead exemption was allowed, regardless of location. We agree," said the ruling, written by appeals-court Judge Alan Forst and joined by judges Melanie May and Rosemarie Scher. "The meaning of the Constitution's command that 'not more than one exemption shall be allowed any individual or family unit' appears clear on the face of the document."
Attorneys for Venice Endsley then asked the Florida Supreme Court to take up the case. In turning down the request for an appeal, the Supreme Court effectively allows the ruling by the earlier Appeals Court to stand.
Source: News Service of Florida

For Property Tax assistance: www.PTAGflorida.com