MIAMI (CBSMiami) – It’s a late August ritual across South Florida as millions of homeowners find proposed property tax notices in their mailboxes.
It’s the first step in the process of setting local property tax assessments and the first chance for local property owners to double check their home or condos valuation and see what exemptions and credits they may have on their properties which can reduce their tax bills.
What are being mailed out are formally called “Trim Notices”. That’s short for Truth in Millage and by state law, residential property owners have to be informed of their property tax assessments by the end of August. Miami-Dade property owners have until September 16th and Broward property owners have until September 17th to file an appeal in an effort to lower their bills.
“I encourage property owners to work with our office now before the deadline. We are making a concerted effort to be accessible to our community, so that we can address any questions or concerns they may have with their assessment, before they receive their tax bills,” said Miami-Dade Property Appraiser Lazaro Solis.
The TRIM notices include proposed taxes including School Board taxes and other fees that are included in our property tax bills. The also list any homestead or senior citizen exemptions which can reduce the amount of tax on the property.
The actual tax rates will be set in the fall after formal hearings respectively by the Miami-Dade and Broward County Commissions.