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Updated about 3 years ago, 11/13/2021

User Stats

15
Posts
10
Votes
Matt Ashbrook
  • St. Petersburg, FL
10
Votes |
15
Posts

Property Tax Increased 282%, What Can I Do?

Matt Ashbrook
  • St. Petersburg, FL
Posted

I have a triplex in Tampa, FL that I BRRRR'd minus the pulling the money out (yet) about a year ago. I just got the property tax assessment, and the property taxes have increased from ~$1700 to ~$6500 yearly. 282% increase. My profit is halved, which REALLY slows down the cash flow which was slotted to go towards my next property. Now I know that the county doesn't care about that, but is there anything I can do to get this reduced or at least an agreement to increase it less for the next few years until it gets to market rate (for lack of a better term)?

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