Property Tax Appeal Process Benefits Wealthy, Non-minority Homeowners

Property taxes in Florida are based on annual assessments of property values made by county officials.  Homeowners in Florida can challenge assessments that they believe overvalue their property and inflate their tax bill.  Informally, the homeowner may meet with the assessor to negotiate for a reduced assessment.  The homeowner may also petition for a formal … Continue reading Property Tax Appeal Process Benefits Wealthy, Non-minority Homeowners

Foreclosed Properties Sold to Homeowners Stabilize Property Values

The collapse of the housing market led to an increase in the number of foreclosed residences, with ownership of many reverting to the banks. These are referred to as REO (real estate owned) properties. Recent research concludes the presence of REOs in a neighborhood can lower the property values of nearby homes, but these studies … Continue reading Foreclosed Properties Sold to Homeowners Stabilize Property Values

Is Florida Headed for a Seller’s Market?

Original Post date: July 10, 2012 Article by: Anonymous The subtitle of a recent Miami Herald Business Monday (6/18/2012) article read: “South Florida's real estate market suffers from depressed prices and low inventory [emphasis added].” With an average decrease of 49% in real estate values from the housing peak in 2006, perhaps suffering is an … Continue reading Is Florida Headed for a Seller’s Market?