Beginning Monday, August 23, 2010, the Palm Beach County Property Appraiser’s office mailed the proposed property taxes for 2010. In the notice, there is a breakdown of millage rates , the property’s assessed and taxable values (as of January 1, 2010), and any exemptions applied. Read your notice closely. Although unfortunately millage rates have gone up in most areas, the values have declined. (example: I am an owner of Boca Raton Real Estate. My market value declined 10%, however my tax bill increased because the local taxing authorities increased their millage rate.) If you disagree with the value, or an exemption has not been applied, you have between now and September 16, 2010 to file a petition. With property values plummeting in the area, many people are being over-taxed based on faulty values.
If you have a question about the value, the first step is to call the Property Appraiser, Gary Nikolitis’s office for an explanation. You can reach them at (561)355-3996.
Your second step, if you’re not satisfied, is to file an appeal with the VAB (Value Adjustment Board). The easiest way to do this is ONLINE.
Remember this must be done by 5:00 PM on September 16, 2010!
If you have any questions about the values in your particular neighborhood, feel free to email us and we can send you the “comp” sales for your possible appeal. If prices have continued to go down since the valuation date of Jan 1, 2010 they should be reflected on your 2011 tax bill.
Gloria Singer is the Broker of Boca Expert Realty, a boutique Boca Raton real estate company with a focus on professional service and an unparalleled customer experience. Our select agents are amongst the top performing professionals in the field. Visit www.BocaExpert.com for information on Boca Raton, Delray Beach and Highland Beach real estate and to connect with an expert in the local market.