Valuation Adjustment Board (VAB) Update

Each August, property owners are notified by property appraisers of their current year’s assessed and market values in “truth in millage” (TRIM) notices that also show the prior and current years’ taxes, with and without budget changes. The VAB offers property owners the opportunity to contest assessed valuations of real or tangible property or appeal classifications, and, in the case of disputes, the VAB serves as the decision-maker.

The VAB’s procedural rules are strict. For example, petitions must be filed by property owners within 25 days of the August mailing of the TRIM notice, which means that petitions usually must be filed by mid-September. In the past, many property owners who wanted to file a petition were not able to do so because they were outside of Florida and unaware of the deadline.

DON’T LET THE DEADLINE GO BY! If you wish further information regarding the VAB procedure please contact: Thomas Sliney (561.394.0500).

Thomas E. Sliney’s practice is currently focused on wills, trusts, and estates. He also has extensive governmental, municipal, and zoning experience. He is admitted to practice in Florida (1971).