Thursday, June 04, 2009

It's now easier to challenge your property tax bill!

It just got easier to get the assessed value of any property that you own lowered if you feel there is cause. The process is involved but it got a little easier today when Gov. Charlie Crist signed a bill that makes it easier to challenge how much a property is worth.

The bill lowers the burden of proof for owners who dispute property tax assessments to a preponderance of the evidence – a lower standard than the clear and convincing threshold they now must meet to overturn a property appraiser’s estimate.

Local governments had successfully stopped earlier efforts to lower the standard. In the just-signed version, property appraisers still enjoy the presumption that their estimates are correct, but the legislative analysts say the bill will cost local governments $157 million during the current fiscal year, increasing to $693 million a year by 2013.

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