Posted on: 03rd Sep, 2009 06:47 am
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?
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?
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.
But George, Is revaluation possible?
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.
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
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