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Friday, August 17, 2012

Underwater...what does it mean.

Well, UNDERWATER now officially has a new meaning. 

According to the 2012 update of the Merriam-Webster’s Collegiate Dictionary, “underwater” in the real estate sense is defined as “having, relating to, or being a mortgage loan for which more is owed than the property securing the loan is worth.”

If you want to search for the definition of a word, follow this link: http://nws.merriam-webster.com/opendictionary/newword_search.php

If you think you have a "word" that should be official, here are the guidelines:
  • Contribute useful entries. Submit entries that enlighten our Merriam-Webster Online community about real words and senses that haven't appeared in other dictionaries. "Real words" are words that you've seen or heard used by others. Coinages (words you've invented on your own or with friends) are fun, but they might be less useful to fellow Open Dictionary users, and may be removed. Particularly useful and clever coinages with clear and well-written definitions might find a permanent place in the Open Dictionary.
  • Submit new words and senses. Use the searchbox at the top of this page to make sure that your word or sense isn't already entered in Merriam-Webster's Online Dictionary.
  • Think words and language. Don't submit personal information, comments about or directed at people you know, or use a submission to advertise something or push an agenda.
  • Express yourself clearly. Your entry will be read by word-lovers across the globe. Do your best to provide a clear entry with a detailed, accurate definition and a helpful example sentence.
  • Don't be shy! Submit your name and get credit for your well-crafted definition.
Of course, if your property is underwater, please contact us to see if you are a candidate for a Property Tax Appeal in South Florida.  www.PTAGflorida.com

Thursday, August 16, 2012

Coming to your mailbox shortly, the pTag 2012 tri-fold mailer.


www.PTAGflorida.com

Broward County TRIM Notices have been going out this week

If you live in Broward County keep an eye on your mail.  The County started mailing TRIM notices earlier this week.  We were told that they are mailing some each day this week.  We expect them to all be mailed out by the end of this week the 17th of August.  

Miami-Dade County has been telling us at pTag: Property Tax Appeal Group that the TRIM notices will be out by the deadline Friday the 24th of August.  

VERY IMPORTANT, The notice says "Do Not Pay, This is not a bill".  This is true, but if you do not request an appeal before your bill is sent out, you will forfeit your right to appeal.  

You will be receiving your notification within the next two (2) weeks if you live in Miami-Dade or Broward.  If you do not receive your TRIM notice, contact the County or us directly at info@PTAGflorida.com.  Just make sure to keep an eye on your mailbox the week of August 27, 2012.  If you miss the deadline, you will FORFEIT your ability to appeal.


Important Dates:


Broward County deadline to file: September 18, 2012

Dade County deadline to file: Not yet disclosed but will be on the bottom of your TRIM notice 
Indian River County deadline to file:  September 4, 2012

If you would like to learn how to read your notice, please view our site for assistance.  http://www.ptagflorida.com/  

Remember, there is to be fairness in assessment, meaning you may think your Property Taxes are reasonable, but your neighbor may be assessed 20% less than you.   You may only gain, nothing to lose.  Contact us.

www.PTAGflorida.com 
305-693-3500

Property Appraiser Garcia refuses to concede

Miami-Dade Property Appraiser incumbent Pedro Garcia wants to be sure the ballots were properly counted.

Currently, the unofficial winner is Carlos Lopez-Cantera.  As it stands, Lopez-Cantera was won by about 8,000 Absentee votes.  As the County has recently been dealing with Absentee ballot fraud by alleged ballot brokers, Garcia is concerned.  He has stated that he is not accusing Lopez-Cantera of wrongdoing but feels it needs to be looked into.

This election was decide by only a few percent.  Lopez-Cantera won with 51.21% to Garcia's 48.79%.  You may see the full breakdown at the following link.

For Property Tax Appeal help: www.PTAGflorida.com


Wednesday, August 15, 2012

We have a new Property Appraiser, Congratulations to Carlos Lopez-Cantera

We at Property Tax Appeal Group would like to congratulate State House leader, Carlos Lopez-Cantera who has just won the election to become Miami-Dade Property Appraiser. 

While at the State House, Lopez-Cantera has actively been involved in Property Tax issues.  He helped the City of Miami avoid paying the taxes on the Miami Marlins Parking Garage, served on the Property Tax Reform Committee, and was appointed to Miami-Dade County Mayors Mortgage Fraud Task Force. 

Lopez-Cantera is looking to investigate property owners who apply for and receive fraudulent tax exemptions, include foreclosure sales when determining a neighborhood's taxable value, and lessen the workload on the Value Adjustment board (where Property Tax Appeals are heard).

We are looking forward to working with Mr. Lopez Cantera in obtaining fair and true values for all property in Miami-Dade.

Much of this reform will apply to properties that are assessed based on mass appraisals supported by comparable sales.  Many of our competitors rely on Comparable sales to defend assessments, however we at Property Tax Appeal Group make use of all three (3) approaches in establishing a property valuation, the cost, market and income.  The income approach is not used for residential properties.

Also, as we as Brokers, Contractors, and Residential-Commercial Property owners are able to argue every aspect of the property in-order to reduce the value to is true amount.  We would be happy to answer any questions about how the appeal system works and why we are the best at it.

Monday, August 13, 2012

Consider yourself on notice. If you can afford it, buy that house NOW.


The USA Today (and Florida Realtor's Association) is reporting on today's housing market.

They give a great break down on why buying a house now, is the right thing to do, if you can get a loan of course. 

The article goes into detail about prices, supply, mortgage rates, and what that means to you. 

Price: The median single-family home price hit bottom (the believed bottom) in January @ $154,600, the lowest since October 2001.  The high was at $230,900 in July 2006.  Median prices are now rising. 

Supply: It is a buyer’s market, plenty of supply.  Those who have been waiting for the market to rebound before selling are now selling.  This along with short sales and other reasons are resulting in a saturated market.  Experts believe this over supply will level off in 2013.

Mortgage Rates: Average 30-year fixed-rate is about 3.59% (the all time low is 3.49%)

What to do now…

If you have the money (can get financing).  Go and buy that house you plan on living in for at least 7 to 10 years.  Don’t go crazy; do not put yourself at risk by buying multiple houses assuming you will be able to rent them out.  As the market rebounds, those renters are going to want to buy their own house.

Take advantage of the market, low rates, and the economy hitting the bottom (it appears to have).  The stock market will fluctuate daily, yes we went through a crazy time but smart home ownership (not using it as a piggy bank) is still a safe bet.  

To read the full article: www.usatoday.com/
 When you own your home or investment property contact us: www.PTAGflorida.com 

Vero Beach (Indian River County) has mailed out their TRIM notices

If you live in Vero Beach (Indian River County) make sure to check you mail.  Your TRIM notice is most likely sitting there.

VERY IMPORTANT, The notice says "Do Not Pay, This is not a bill".  This is true, but if you do not request an appeal before your bill is sent out, you will forfeit your right to appeal.  

September 4, 2012 is the deadline for filing.  

If you live in Miami-Dade or Broward, keep an eye on your mailbox the week of August 27, 2012.  

If you would like to learn how to read your notice, please view our site for assistance.  http://www.ptagflorida.com/  

Remember, there is to be fairness in assessment, meaning you may think your Property Taxes are reasonable, but your neighbor may be assessed 20% less than you.   You may only gain, nothing to lose.  Contact us.

www.PTAGflorida.com 
305-693-3500