Davidson Realty, Inc.

Florida Homeowners – How can your TRIM Notice save you money?

July 30, 2020

 | 
Posted by in Ask Sherry, News, Northeast Florida Market Trends

Is there any reason to review your property tax notice?  There is a very compelling one and it could potentially save you lots of money!

 

If you own a home, you will receive your Truth in Millage (TRIM) notice from the Property Tax Appraiser in August. The 2020 Notice of Proposed Property Taxes will list the market value of your home determined by the County Tax Appraiser. You want the market value to be accurate. Let me explain.

 

The Save our Homes Cap was passed in 1994 and caps the amount the assessed value may increase to a maximum of 3% a year, or the Consumer Price Index. Your tax bill is based on this assessed value, not your market value.

Read more

Comments currently closed.

Davidson Realty