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Property Taxes 101 – Saving Money and Making Cents of Assessments

 Property owners prepared with research and information can save thousands of dollars on their property taxes. Following the simple steps outlined by Barry Sharpe, President of South Florida-based Property Tax Appeal Group (P-Tag), one can help property owners keep money in their pockets and assess property values on target.

Once a property owner has received his estimated property taxes in the mail and determined that the property has been unfairly evaluated, the first step is to file a petition with the local government to appeal the estimated taxes. Being educated about appeal deadlines is essential because more often than not, the window for appeals is short. For example, in Florida, all appeals must be filed within 25 days of mailing of the notices of proposed taxes for the year. Since this is one of the shortest statutes of limitations, Florida property taxpayers are advised to not procrastinate in filing their appeals so they don’t miss out on savings.

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