Florida Owners: Significant Opportunity to Maximize Your Personal Property Tax Savings

As Florida’s property tax appeal deadlines approach, property owners with significant business personal property should be ready to take swift action when values are issued by county assessment officials. Starting August 1, TRIM notices will be mailed to property owners across Florida. The timing of these notices varies by county, depending on their ability to send them out. These TRIM notices contain essential information regarding your business personal property tax liability.

Ryan’s business personal property subject matter experts have developed a highly effective approach that has yielded remarkable results for companies. By leveraging this strategy, businesses have experienced personal property tax reductions ranging from 15 to 35% in their annual tax liability.

Filing an appeal can have a significant impact on a property owner’s tax burden, particularly if your assessment does not accurately reflect your taxable assets or simply overstates their current market value. An appeal provides an opportunity to challenge the assessment’s accuracy and potentially secure a lower tax liability. Florida appeal deadlines typically fall within the first three weeks of September, based on the 25-day window from the mailing of the TRIM notices. With such a limited timeframe, property owners must be prepared to assess their property’s value and decide whether to file an appeal.

Ryan’s specialized personal property tax team uses a proprietary strategy to help clients maximize tax savings. Each business is unique; therefore, a one-size-fits-all approach won’t suffice. Learn more about our services and how we can help maximize your tax savings.