A Miami homeowner receives their property tax notice showing a $3,000 increase from the previous year. The homeowner believes their property assessment is incorrect and wants to challenge it. What is the first step they should take in Florida?
Correct Answer
B) Contact the property appraiser's office to request a review
The correct answer is B. In Florida, property owners should first contact the property appraiser's office to request an informal review of their assessment before pursuing formal appeals. A is incorrect because lawsuits are only filed after exhausting administrative remedies. C is incorrect because the Value Adjustment Board is the second step if the informal review is unsuccessful. D is incorrect because hiring an independent appraiser may be helpful but is not the required first step in the appeals process.
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In a Tampa transaction, a buyer wants the Florida rule on just value. Which statement is correct?
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A Tampa property has an assessed value of $450,000. The homestead exemption reduces the taxable value by $50,000. If the total millage rate is 18.5 mills, what is the annual ad valorem tax?