Florida appraisers are directed to “properly consider” 8 criteria found in FS 193.011 when determining “just value” each year.

Recently there have been bulletins issued from the DOR giving some clarification and direction on various topics. This bulletin addresses the proper consideration of the eighth criterion in administrative reviews involving the income capitalization and cost less depreciation approaches to valuation of real property. The other most recent bulletin highlighted by us was regarding the use of Higgs v Good in administrative hearings.

For a more in-depth legal interpretation, Sherri Johnson has a great blog site, is a former legal representative for various jurisdictions and offers great insight into various Florida property tax issues.

Silver Oak Advisors strongly suggests and performs no-cost/no-obligation reviews of your property tax (real and personal) whether there has been no review OR to act as a second set of eyes to ensure the minimization of your annual property tax liability. There are firms that for their own economic reasons will only focus on larger properties. Silver Oak Advisors will review and report on all of your portfolio. We do suggest both real and personal property be reviewed as there can be situations of double taxation.

Silver Oak Advisors’ founders bring over 40 years of Big 4 and Industry property tax experience.  Silver Oak was formed to provide taxpayers in need of State and Local Tax (SALT) assistance, former Big 4 and industry experienced professionals with specific industry and/or property expertise in addition to working knowledge and relationships with the specific taxing jurisdictions.

We are working Directors allowing us to provide a higher level of service at a cost effective rate, passing on the savings to you. Contact us for more information.

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