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fabianoporta · Joined: 27 Feb 2009 Posts: 11 4.19 Dollars($)

Hello,

I'm buying an apartment in Miami for 166K.
The property taxes in 2008 was based in 245K.

At closing I have to pay in full the remain balance to property tax (September to December) that was based in 245K but the apartment value is 166K.

Can I try to get this tax difference back from Property Tax Department since the apartment value is 166k?

gmakerley · Posted: Thu Sep 03, 2009 6:54 am Post subject:

don't count on it. the taxes were established based on the value at that particular time. you will need to apprise the taxing authority of the current value and ask for a reevaluation so your taxes will drop for the next billing period.

catharin9 · Joined: 14 Jul 2009 Posts: 168 -0.14 Dollars($)

But George, Is revaluation possible?

gmakerley · Posted: Thu Sep 03, 2009 8:51 am Post subject:

taxing authorities all around the country routinely revalue properties - they did it when prices were increasing, so they'd better do it when prices have fallen as well.

simonhovell · Joined: 03 Sep 2009 Posts: 36 -0.12 Dollars($)

fabianoporta,
yes george is right. for your all future tax purposes, get it reevaluated.

you can not do any thing for the tax evaluated for past

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