Sample 2005 - 2007 Reductions
Palm Beach County
* Reduction in condominium complex from $44,890,312 to $38,541,930 - reputedly the largest tax appeal reduction in Palm Beach County
Restaurant complex reduced from $7,500,000 to $6,000,000 - a 20% reduction
Marina condominium reduction from $10,900,000 to $3,192,375 - a reduction of over 70%
Miami -Dade County
Condo parking lot and structure reduced from $6,458,800 to $947,298, resulting in a tax refund of over $100,000 and a reduction of over 85% in assessed value
Earthmoving equipment reduced from $1,135,708 to $885,848
116 vacant duplex lots reduced from $5,754,324 to $3,969,790 - a reduction of 31%
Undeveloped mixed zoning land in Miami Lakes reduced from $33,738,888 to $15,518,760, a reduction of 54%!
Miami Beach bank and office building reduced from $20,080,000 to $18,000,000.
Oceanfront land value of Castle Beach Club Condominium reduced from $35,000,000 to $22,431,110, actual tax savings of over $300,000 .
New condo unit at Aqua reduced from $623,520 to $20,000, a reduction of over 97%.
Key Biscayne Waterfront residence reduced from $3,022,453 to $2,752,974, locking in a significant reduction in the all - important homestead exemption base year.
Two Miami Dade Low Income Housing Tax Credit (LIHTC) apartments reduced from from $4,000,000 to $3,200,000 and $5,600,000 to $4,950,000, respectively.
Waterfront luxury single family residence reduced from $10,729,587 to $8,800,000.
Townhouse association common area land reduced from $61,755 to $10.
Rental apartment building reduced from $13,850,000 to $12,000,000.
Waterfront rental apartment building reduced from $89,860,000 to $80,000,000.
*Not all results are provided, the results are not necessarily representative of results obtained by the lawyer, and a prospective client's individual facts and circumstances may differ from the matter in which the results are provided."