My Tax Appeal Blog

7315 N.W. 31 Street, Airport West - Tax assessment reduced from $6,047,363, to $5,831,219 totaling a $216,144 savings.

Two office condominiums at South Miami's Plaza 57 were appealed by Rosen Tax Appeal, LLC.  One was reduced from $1,131,700 to $1,032,864, an approximate $100,000 reduction.  The other was a smaller unit which also was reduced substantially.

7901 S.W. 67 Avenue, South Miami, FL (Ludlum Rd). This office buidling was appealed with Britt providing testimony and the market value was reduced from $2,587,789 to $2,245,448.

Unit #1104 at the Watergarden Condo in Fort Lauderdale was successfully reduced from an assessed value of $477,370 to $433,880, for the 2008 appeal.  The Waterfgarden's 315 units are located just off Las Olas Boulevard on the New River in Ft. Lauderdale.

In February 2009, Pam Moore and Britt J. Rosen were able to get the tax assessment reduced for a one bedroom unit at Brickell on the River located at 31 D.E. 5th Street in downtown Miami. This is a new building on the Miami River adjacent to the People Mover in the Brickell corridor. The $32,745 reduction represented a 14% decrease in the total assessment.

Pam Moore and Britt J. Rosen successfully obtained a reduction in the real estate tax assessment for a North Coconut Grove home. The property was assessed for $711,031 and the assessment was reduced to $657,404, or by  $53,627.

Britt J. Rosen, CCIM, was an expert in the case of a Fisher Island Drive condominium where the assessment was reduced from $8,057,830 to $7,500,000. The tax savings was $10,385.23.

Britt J. Rosen, CCIM, and attorney Jim Schiff successfully obtained a reduction of property tax to a multi-tenant industrial complex on Milam Dairy Road (N.W. 72nd Avenue) in NW Miami-Dade County in December 2008. The assessment of $14,090,561 was reduced to $12,863,320 by the Special Magistrate, saving the property owner $22,847.79.

Miami, FL - Britt J. Rosen, CCIM, successfully obtained a reductions in the real estate taxes in both 2007 and 2008 for this corner property locaated at 2830-34 NW 5th Avenue in Wynwood, in Miami-Dade County, Florida.

The property was assessed for approximately $1,119,000 in 2008. Britt presented an income & expense analysis along with comparable sales. 

The Miami-Dade VAB Magistrate reduced the assessment by approximately 30% of the 2008 assessed value.  Similar results were obtained in 2007.

View looking north at subject.  N.W. 5th Avenue is located on the right. This area is known as the "garment district."

For those US Taxpayers that own homes with assessments capped under the "save our homes" act (Amendment 10), the assessment is typically much lower than the market value if the home was purchased many years ago. 

However, the assessment of a homestead property under "save our homes" increases by 3% or the Consumer Price Index as published by the Bureau of Labor Statistics, whichever is less.  As values increased in South Florida, this provided a substantial savings for property owners.  In a declining market, the property appraiser's office will continue to apply the 3% or CPI formula for assessed values.

For a homestead property with a "market value" higher than the "assessed value", the assessed value will still increase 3% although the market value has decreased.  This is the "recapture rule."

If you need a tax expert, contact Britt J. Rosen, CCIM, for advice at (305) 663-7334 x 107.