A week to 10 days ago, all Palm Beach County property owners should have received their Notice of Proposed Property Taxes. About ¾ of the way down, on the left, are two small boxes containing your property’s market value last year and “AS OF JANUARY 1st” this year.
You have until September 14th to file the paperwork to petition for a reduction of market value with the county’s Value Adjustment Board. DO NOT MISS THIS DEADLINE! (There is a $15.00 filing fee).
The Palm Beach County Property Appraiser uses a “mass appraisal” method utilizing comparable sales to arrive at their estimate of your market value. If you believe that the county Appraisers valuation of your property is too high, call them immediately…they will try to assist you with your valuation questions.
However, even BEFORE you call…FILE THE PETITION; you can always rescind it. You can file online at: http://www.mypalmbeachclerk.com/
There will be detailed valuation questions on the petition and there are strict rules regarding “evidence”, process and procedure, for both parties.
The expertise required to know if you should even take the time to challenge the valuation may be beyond the scope of the majority of homeowners…this does not even take into account the evidentiary rules and valuation standards.
If you feel that your property has been “over-valued”, file the petition, call the appraiser, and then call us if you need any direction.
561-432-5202
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