Florida Real Property Tax Notices To Be Mailed.In a declining real estate market, are appraisals truly reflective of today's values? Recent turmoil in the real estate and financial markets, declining state tax revenues and potential voter revolts over property taxes have made it increasingly likely that property owners will face tax appraisals on their properties that will not reflect the reduced values of today's market conditions. In August, county Property Appraisers across Florida will be sending Truth in Millage mill·age n. A tax rate on property, expressed in mills per dollar of value of the property. (TRIM) notices to all property owners. TRIM notices advise property owners of their 2007 appraised values and property tax assessments liabilities. Timing is important because any assessment appeal to the county Value Adjustment Board (VAB VAB abbr. voice answer back ) must be filed with the VAB within 25 days following the mailing. In our declining real estate market, property owners should scrutinize this year's assessed values with particularity par·tic·u·lar·i·ty n. pl. par·tic·u·lar·i·ties 1. The quality or state of being particular rather than general. 2. and avail themselves of the assessment appeal process if warranted. Most county Property Appraisers have posted the proposed 2007 assessments on their Web pages, so taxpayers can take an early peek prior to the TRIM notices' being mailed. Property tax savings from property assessment appeals flow directly to the bottom line and this opportunity should not be missed. For more information about this Alert, please contact George W. Powell, Jr., Brian L. Belt or any other member of the Real Estate Practice Group, or the attorney in the firm with whom you are regularly in contact. This article is for general information and does not include full legal analysis of the matters presented. It should not be construed or relied upon as legal advice or legal opinion on any specific facts or circumstances. The description of the results of any specific case or transaction contained herein does not mean or suggest that similar results can or could be obtained in any other matter. Each legal matter should be considered to be unique and subject to varying results. The invitation to contact the authors or attorneys in our firm is not a solicitation to provide professional services (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products. and should not be construed as a statement as to any availability to perform legal services legal services n. the work performed by a lawyer for a client. in any jurisdiction in which such attorney is not permitted to practice. Duane Morris Duane Morris LLP is a law firm headquartered in Philadelphia, Pennsylvania. The firm employs more than 600 lawyers in 18 offices in the United States, as well as in offices in London, Singapore and Vietnam. LLP LLP - Lower Layer Protocol , one of the 100 largest law firms This list of the world's largest law firms by revenue is taken from The Lawyer and The American Lawyer and is ordered by 2006 revenue:[1]
Mr George Powell, Jr. Duane Morris LLP 30 South 17th Street Philadelphia 19103-4196 UNITED STATES Tel: 2159791000 Fax: 2159791020 E-mail: solutions@duanemorris.com URL URL in full Uniform Resource Locator Address of a resource on the Internet. The resource can be any type of file stored on a server, such as a Web page, a text file, a graphics file, or an application program. : www.duanemorris.com Click Here for related articles (c) Mondaq Ltd, 2007 - Tel. +44 (0)20 8544 8300 - http://www.mondaq.com |
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