Florida Property Tax Basics

If you are the proud owner of a home in Florida

, you probably already know a little something about property taxes. If you are a first time homebuyer this year, or if you simply dont quite understand the property tax process, there is quite a lot that you need to know. Being an informed taxpayer can help you to avoid paying too much for your property taxes, which certainly no one wants to do. Unfortunately, many homeowners often get charged far too much for their property taxes, simply because they arent in the know about how things work. Check out the following Florida property tax basics so that you know exactly what is going on.

How is your home value determined?

A tax assessor from the county you live in will appraise your home in between January 1st and Dec 31st (almost) every year. They will use the Mass Appraisal method which includes things like, comparing your type of home to other homes of the same type in the region. This can sometimes be inaccurate, as the homes may have seriously different features or be in completely different neighborhoods, which can affect value. This appraisal value is multiplied by the tax rate in your area, which determines how much you owe.

Tax Notices are mailed in August - Tax BILLS in November

In August, Florida homeowners will receive their tax notice. This document will show them how much their home was appraised for and how much they owe in taxes. The actual tax bill will be mailed in November.

Appeals Can Be Filed only within a very short window

If you believe that your tax notice is incorrect because the appraised value of your home is not accurate, then you have the right to file an appeal. Of course, you must have proof to back up your claims. What kind of proof will you need? You must show that you have an appraisal for your home that uses more accurate methods than the county tax assessor. If you can do this, you can get your taxes owed revised.

If you receive your notice and want to check to ensure that your appraised value is correct, you have a very simple option. You can log on to MyTaxRights.com and type in your home address. The site uses the same tools 1-8 Valuation Criteria as all real estate appraisers, and has an extremely accurate methodology used to determine the true assessed value for homes of the same type in your neighborhood.

If your notice of proposed taxes looks a little off, log onto the site for free and enter in your address. Youll quickly be given a suggested assessed value of your home for free. If they are different, you can file your appeal and use your evidence from MyTaxRights.com to win your case.

MyTaxRights.com boasts a 100% Money-Back Guarantee, a fully stocked library of information and is available in 60 languages.Taxes dont have to be as complicated as you think. If you fear your property taxes were assessed incorrectly, stand up for yourself by using the services of MyTaxRights.com.

by: Errol Chung

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