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.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment