Quote:
Originally Posted by RiderOnTheStorm
Help!!!
My wife and I recently bought into TV in late-2021 and are in the process of becoming Florida citizens. However, because we did not have time to apply for Homestead protection late last year, the assessed valuation of our home was increased by 34%, rather than the 3% cap provided by Homestead protection. The Tax Assessor seemed to take advantage of this brief lack of coverage in late-2021 to sock it to us.
Is anyone aware of any options we might have to contest this huge increase?
Thanks in advance for your thoughts.
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You weren't taken advantage of. When a home changes hands the assessed value will change to the current market value. The previous owner benefited from the discounts but the new owner starts fresh. That's the way it has worked in all the states I have lived in.
Now that the initial adjustment has been made, future assessment increases should be limited to the lower of 10%, 3% (if homestead exemption applies), or the Consumer Price Index.
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Why do people insist on making claims without looking them up first, do they really think no one will check? Proof by emphatic assertion rarely works.
Confirmation bias is real; I can find any number of articles that say so.
Victor, NY - Randallstown, MD - Yakima, WA - Stevensville, MD - Village of Hillsborough
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