Property tax appeals: South Florida property tax appeals on a blistering pace
The annual tax notices going out this month will bring a double whammy of bad news for many Florida property owners — lower values and higher taxes.
But a small minority will get a break by challenging the county’s value of their homes, businesses and land.
Tax appeals have been pouring into government offices throughout Florida, fueled by the real estate boom and crash and a highly profitable cottage industry of tax representatives. So far this year, Broward and Palm Beach counties have reduced property values by more than $2.5 billion as a result of appeals.