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Thursday, January 31, 2013

pTag in print: The Miami Today: "Belive it or not: Property owners seek higher assessments"

In today's issue of the Miami Today, Laura Stace profiled our very own Barry Sharpe.  Mr. Sharpe explained how raising one's property value can lower their taxes.

This works by the property owner maximizing their portability.  This appeal is so unusual that most people do not believe it is possible.

Some quotes from the story are:

The higher one can increase the property, the more portability can be transferred.

The portability strategy seems firmly rooted in law.  In 2009, former Florida attorney general Bill McCollum wrote to Steven A. Schultz, attorney for the Miami-Dade County Value Adjustment Board, in response to his question, "May the Miami-Dade County Value Adjustment Board consider and act upon petitions filed by taxpayers requesting that the 'just value' or market value of their currently-owned homestead property be increased?"
     Mr. McCollum responded, "The Miami-Dade County Value Adjustment Board may consider and act upon petitions filed by taxpayers to adjust the market value of currently-owned property, whether such petition seeks an increase of decrease in valuation,"

For more information you may contact pTag: Property Tax Appeal Group at: www.PTAGflorida.com or view the full story at Miami Today News: Believe it or not: Property owners seek higher assessments