Questions and Answers
 

Q.

What is a contingent fee agreement?

A.

You are only required to pay us if we succeed
in reducing your assessment.

Q.

Are we responsible for any costs?

A.

The $15.00 filing fee charged by the Value
Adjustment Board for each parcel is the only
cost you will incur in connection with our
agreement.

Q.

If our rental income is strong, does this affect
our ability to obtain a reduction of our
assessment?

A.

By law, tax assessments are to be based upon
“market rents”, and not actual rent. This
means that the Property Appraiser cannot
assess a successful property owner differently
than a property owner who mismanages his or
her property.

Q.

If you file a petition, can the Value
Adjustment Board raise our assessment?

A.

The Value Adjustment Board only has the
power to sustain or reduce the assessment.

Q.

Is the rent my company pays to me relevant to
the assessment of my property?

A.

Assessments are based upon “market rents”,
and not leases between related parties.

Q.

Does the amount of my mortgage payments
affect my assessment?

A.

Assessments are based upon the value of
property, unencumbered.

Q.

We pay substantial tangible personal property
taxes. Can you assist us in reducing our
personal property tax assessment?

A.

Yes. We have represented Florida’s largest
financial institutions, as well as other major
firms, in connection with their tangible
assessments.

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