Florida property tax is based on market value at the beginning of the current year. Each county has appraisers who are responsible for estimating property values for residents, who base their estimates on many factors. Additionally, residents can apply for an qualify for exemptions from certain property taxes. Those exemptions are taken into consideration and reduce the market value of the property and property taxes the owner must pay. Some exemptions include:
- homestead exemptions
- disability exemptions
- veterans’ exemptions
- and more.
There can be challenges to these assessments that are heard through the appeals process. Property owners sometimes chose to represent themselves; however, the presence of a real estate lawyer is very beneficial. There are also different payment options that can be negotiated for easier payment of property taxes for that year. An attorney can advise you on any areas of property tax in which you may be exempt and help advocate on your behalf during the appeals process.