Josh

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Tax Tripled in One Year. Is Palm Beach County reassessing tax rates (to be lower) as housing prices moderate??

Asked Mon May 5 2008, 07:10 by Stefan - 33405 - Home Buying - 4 answers

Josh answered:

I have asked the same thing because we applied last year to have the taxes reduced because we felt the assessment was too high, but they rejected that because they said that the price was reflective of comparable home sales in the past year. They said that they will lower or raise prices based on the market, but I have yet to see them lower assessments on their own. However, I do know people who have challenged the assessment and won on an individual basis. As a whole, I would be reluctant to say they will go down. If you do decide to buy, you can bring them a list of recent home sales in the area and they should adjust it to somewhere around that price area, but you will need to be proactive in this, not just wait and hope they lower the assessment without you pushing them. - Tue Jun 3 2008, 20:02

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