Ok, so that may not be the first thing that comes to mind, but for every property owner in Pinellas County, it's inevitable. For years, your taxable assessment has probably risen greatly, as it is valued against comparable market sales. But now market trends have pushed property values downward so it should translate into less taxes, right? Common sense says "YES", but you have to double-check your TRIM notice!
If you don't agree with your taxable assessment and you can prove it with reasonable and reliable evidence of lower value (not just your opinion!), then you want to look into "Challenging your Property Tax Value". How do you do that??? So glad you asked - see below!
- You will receive your TRIM notice for the prior year's property taxes sometime in August. Your OFFICIAL tax bill will arrive in November.
- The time to act is upon receipt of your TRIM NOTICE in AUGUST!
- If you disagree with the valuation, the very first thing to do is call your local Property Appraiser's Office and (NICELY) request an INFORMAL appointment to discuss your property value with a representative of the Appraiser's Office. Make sure the square footage, home features, and any changes have been factored in.
- If you still believe that the property is being valued at the wrong number, you'll next have to spend $15 to file a Petition for the Value Adjustment Board (VAB) to review your value. The petition must be filed IN PERSON at the County Clerk's office by the date on your TRIM notice (which is why you must act quickly!).
- You will receive a Notice of Hearing with a Special Magistrate. The Magistrate will act as a mediator between you, the property owner, and the County. You MUST bring/forward all evidence supoorting your position to the VAB at least 15 days prior to the hearing.
- The Special Magistrate will then forward his opinion to the VAB, which will address the results immediately thereafter.
- If you still feel that your value is incorrect, you can initiate legal proceedings with the Circuit Court of Pinellas County with in 60 days after the VAB certifies your property's value.
For further, detailed information, consult with the Property Appraiser's "View "HOW TO CHALLENGE YOUR APPRAISAL" video at www.PCPAO.org
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