News
Broward County Releases July 1 Preliminary Tax Roll – Values Continue to Increase
The Broward County Property Appraiser’s Office has released the 2019 preliminary tax roll and has submitted the roll to the Florida Department of Revenue for review and approval. Overall, the taxable value County-wide increased 6.87% inclusive of nearly $3.28 Billion in new construction. The taxable value County-wide now stands at over $200.6 Billion as compared to the 2018 final taxable value of $187.7 Billion. The increase year-over-year without consideration for new construction was about 5.13%.
Lauderdale Lakes and West Park were the only municipalities in the County to see double digit growth at 14.75% and 11.12% respectively. These increases were due in part to new construction coupled with an increase in residential sales. Cities such as Tamarac (9.99% increase), North Lauderdale (8.98% increase) and Lauderhill (8.46% increase) were not too far behind. Fort Lauderdale, the city with the largest tax base, saw an increase of 8.42%, of which nearly $1.14 Billion was new construction added to the tax roll. You can review the entire 2019 taxable value report here.
The Florida Department of Revenue will now review and approve the tax roll for the 2019 tax year. The TRIM Notices will be sent out to the property owners in mid-August with the appeal deadline to follow in mid-September, 25 days after the mailing of the TRIM notices.
The amount you will pay in property taxes for 2019 is directly based on the County’s opinion of Market and Assessed Value for your property. With property values on the rise for most property types, it is important for a qualified property tax professional to review and analyze your properties to ensure that your values are fair and equitable. If you feel the value of your property is too high or just wish to have an independent review, then we encourage you to call us at (954) 282-2005 or email Brian at b.depotter@first-pointe.com or Nick at n.mau@first-pointe.com.
FirstPointe Advisors, LLC is a full service ad valorem tax service provider. We provide you with the experience of a national firm with a regional focus. At FirstPointe Advisors, LLC, you come first. We strive to provide innovative solutions to your property tax needs. With our experience and first class client service, we will create an easy review and appeal process for you. Our experience spans across Florida’s 67 counties in representing owners of residential and commercial properties.
