Need Help With Huge Property Tax Increase

[Jorge Ydlibi]

Hello Everyone, need some advice in regards to an issue with my property taxes. I purchased my first house back in May of 2019. The property taxes at the time were under 2K a year. A couple months ago our house was assessed by the county at $248,500 and after a $50K homestead exemption I am being taxed based on a property value of $198,500. Regardless our yearly property taxes shot up and more than doubled to over $4,000 a year. Is this normal? Im located in Broward county Florida and according to a quick Google search our taxes should be closer to $2,500 a year.

Any help and advice is highly appreciated!

[JD Martin]

Different states have different criteria for reassessing but virtually everyone is permitted to reassess. You're talking about property tax rate from 2 years ago, and it doesn't surprise me it would increase pretty good since Florida has had some high property value growth.

You can always try to overturn the reassessment; everywhere has some procedure for disputing a new assessment. I've done it twice where I live and was voted down both times, so don't get your hopes up - usually there's a pretty strong basis for the reassessment and usually they will mark it a little lower than FMV just to keep from being overturned by an appeals board.