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Property Tax Resources

Jan
01

Florida Property Tax Updates

UPDATED june 2020

Higher Property Tax Bills in November Won’t Reflect Current Reality for Commercial Property Owners

Although property tax bills for 2020 don’t come out until November, and the preliminary notices of assessment will not be mailed to owners until August, County Property Appraisers have finished setting 2020 assessment values and submitted their tax rolls to the Department of Revenue for final approval.  Unfortunately, most Property Appraiser’s Offices which we have contacted are taking the position that since the effects of COVID happened after January 1st, and Florida’s lien date is January 1st, they do not need to recognize the economic downturn which has impacted most sections of the economy.

In Miami-Dade County, the total tax roll is up 2% before factoring in new construction. With new construction, which was highest in Miami, Miami Beach, and unincorporated Miami-Dade County, the total tax roll is up 4.6%.  In Broward County, the total tax roll including new construction is up 6.1%, and in Palm Beach County it is up 5.5%.

In order for owners to obtain relief in 2020, it will be necessary to be proactive with appeals.  For those properties which were already hurting before COVID, the appeal must identify the forces which negatively impacted these businesses prior to COVID.  For other property types, it will be necessary to relate back the early reports of the pandemic to the lien date.  Appeals will require an individualized approach to challenging property values in 2020.

Julie Schwartz, Esq.
Rennert Vogel Mandler & Rodriguez, P.A.
American Property Tax Counsel (APTC)

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American Property Tax Counsel

Recent Published Property Tax Articles

How to Fight Excessive Property Taxes During COVID-19

Cash-strapped municipalities may look to extract more revenue from commercial properties.

It would be difficult to conceive of a more impactful event for the commercial real estate market than the coronavirus pandemic. Short of finding a cure for COVID-19, the tremendous state of flux in the sector will test the resourcefulness...

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Intangibles Are Exempt from Property Tax

Numbers of lawsuits remind taxpayers and assessors to exclude intangible assets from taxable real estate value.

A recent case involving a Disney Yacht and Beach Club Resort in Orange County, Florida demonstrates how significantly tax liability can differ when an assessor fails to exclude intangible assets. For Disney's property, the tax...

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Expect Increased Property Taxes

Commercial property owners are a tempting target for cash-strapped governments dealing with fallout from COVID-19, writes Morris A. Ellison, a veteran commercial real estate attorney.

Macro impacts of the microscopic COVID-19 virus will subject the property tax system to unprecedented strains, raising the threat that local governments will turn to property...

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