Personal Property Statement Withdrawal In Miami-Dade
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FAQ
You should always appeal. There is little/no downside. You should certainly appeal/protest in this case. You're right, transacted value is better than any comp analysis. Read your assessment letter and the assessor/appraisal district's website to make sure you understand the process.
Collect Evidence: Gather evidence that supports your argument that the property's value is inflated. This could include data relating to recent property sales issues, the condition of your property, or other economic factors impacting property values.
For details on how to file an appeal petition please visit the Clerk of Courts website at Miami-Dade County - Clerk of Courts or call 305-375-5641. Prior to filing a VAB petition, however, property owners are encouraged to call or visit the Property Appraiser's Office to discuss their concerns.
Call or visit the Property Appraiser's Office to discuss and review values, exemptions and classifications. File an appeal with the Value Adjustment Board (VAB) and have their case heard before a Special Magistrate.
A taxpayer may be waived from filing the Tangible Personal Property Tax Return (DR-405) if: The prior year value was less than $25,000. The current value remains less than $25,000 (i.e. no new purchases over the past year).
Each TPP tax return is eligible for an exemption up to $25,000 of assessed value. If the property appraiser has determined that the property has separate and distinct owners and each files a return, each may receive a $25,000 exemption.
Petition the Value Adjustment Board (VAB) Most counties have posted appeal forms on their VAB websites, or you can contact your county's clerk of co​urt​. Submit all forms to the local VAB clerk. Do not send petition forms to the Florida Department of Revenue. Petition forms are also posted on our taxpayer form ​sit​e.
When someone owns property and makes it his or her permanent residence or the permanent residence of his or her dependent, the property owner may be eligible to receive a homestead exemption that would decrease the property's taxable value by as much as $50,000.
Tangible personal property (TPP) is all goods, property other than real. estate, and other ar�cles of value that the owner can physically possess and that have intrinsic value.
