As has been extensively reported in the news, some homes constructed in Broward within the past few years contain contaminated Chinese drywall. This drywall — over time — emits sulfur odors and seemingly causes visible corrosion to copper pipes and air conditioner evaporator coils. These drywall problems seriously impact the value of these homes. To ensure fair assessments for these damaged properties, Florida Statute Section 193.1552 instructs the property appraiser in your county to reduce the building value portion to $0 “if the building cannot be used for its intended purpose without remediation or repair” — subject to the owners providing the property appraiser with sufficient documentation of the condition. Additionally, the law only applies if “the purchaser was unaware of the [contaminated] drywall at the time of purchase”
Contact my office immediately if your home has a Chinese Drywall issue.
Seth D. Lubin, Esq.
Broward Property Tax Attorney
2625 Weston Road
Weston, FL 33331
(954) 660-3534
For more information contact:
Broward Property Tax Attorney Seth Lubin at
info@LubinTaxLaw.com
Two of Florida’s elected property appraisers asked state lawmakers to let them cut the value of coastal real estate to reflect damage from BP Plc’s oil spill in the Gulf of Mexico and get BP to make up for lost tax revenue.
Coastal property values have fallen as oil washed up on beaches and as hotel reservations tumbled as much as 50 percent, said Gregory Brown, property appraiser in Santa Rosa County in the state’s western panhandle
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Although it may seem like a long time, the Broward County Property Appraiser’s Office has set a deadline of September 20, 2010 to appeal the valuation of your home.
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Senior citizens would again lose their property tax exemption under a bill the state Senate passed Friday.
The Legislature has relied on the property tax break to balance the budget the last three lean years, and sponsors said this year’s Senate Bill 190 is necessary to keep the state in balance.
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As dropping home values continue to drive down property tax revenues, Some Counties are increasing their efforts to stamp out tax fraud and is championing state legislation that will make it easier to identify those misrepresenting their investment properties.
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As has been extensively reported in the news, some homes constructed in Broward within the past few years contain contaminated Chinese drywall. This drywall — over time — emits sulfur odors and seemingly causes visible corrosion to copper pipes and air conditioner evaporator coils. These drywall problems seriously impact the value of these homes. To ensure fair assessments for these damaged properties, Florida Statute Section 193.1552 instructs the property appraiser in your county to reduce the building value portion to $0 “if the building cannot be used for its intended purpose without remediation or repair” — subject to the owners providing the property appraiser with sufficient documentation of the condition. Additionally, the law only applies if “the purchaser was unaware of the [contaminated] drywall at the time of purchase”