Part I: The Application and Appeal Process Common Misconception: All property owned by 501(c)(3) corporations are automatically get an exemption for all the property that it owns. Not!!! The property must be used for a purpose that specifically defined as exempt by the state statute. Exemptions are not automatic. They must be applied for and approved. The Key Date: The exemption is based upon the use and ownership of the property on January 1st of the relevant tax year. Application Deadline: March 1st. Where to Apply: Get an application from (DR 504) your local County property appraiser's office (in Miami-Dade County its on the 8th floor, 111 NW 1st Street, Miami, Fl). It is a good idea to always attach some sort of narrative to the application describing the basis for the exemption. The application form itself has little room for a detailed explaination (see the sections of this website containing sample narratives). Appeal Process: If the property appraiser denies the application the owner can ask for a meeting with the appraiser in order to try to change his or her mind. If that fails, the owner can appeal to the Property Appraisal Adjustment Board. If that fails, the owner can appeal to the Circuit Court. What happens if the March 1st Deadline is Missed: Missing the deadline is NOT GOOD, but there would still be a glimmer of hope. Applications can be submitted directly to the Property Appraisal Adjustment Board. Such an applications must be submitted prior to the time that the preliminary tax assessments are sent out in mid-September. Its better to meet the March 1st deadline, however, because a CDC has a much better shot at getting is exemption approved. Annual Renewal: Exemptions, once granted, are usually renewed automatically each year. |
