Tag Archives: taxes

Lower Property Taxes – Central Florida Property Appraisals & Appraiser

As a longtime property appraiser, former home builder for twenty years, and licensed real estate broker I learned something from someone who seemingly was a novice in the real estate market and industry.

My son Paul Jr. lived in Oviedo, FL (Seminole County) at the time when he phoned my Lake County office at Midstate Appraisals and asked me about his recent county home value assessment. I never thought to fight the county, or anyone within the government (local, state, or federal).

My son Paul Jr. however has a bit more chutzpah when it comes to negotiation and doesn’t roll over easily. (It also doesn’t hurt that he was trained in Strategic Negotiations & Deal-making at Harvard Business School.)

Nevertheless I at the time thought he didn’t know what he was talking about and immediately told him, “Don’t even try it. You’re not going to win. Don’t waste your time.” Unmoved, Paul Jr. half-heartedly listened to me and proceeded to ask to speak to another appraiser at our office to get a second opinion.

The office associate asked Paul Jr. how much the county had valued his home for. To which he replied $229,000. Paul Jr. bought the two-story, six bedroom, four bath home with swimming pool a year prior for $223,500 ($6,500 off the asking price which he also negotiated). The county’s assessment seemed like a mild price increase based on the fact that home values have been known to escalate up to $100,000 in a single year in Florida.

Not wanting to discourage him, the associate somewhat agreed with Paul Jr. that he might have a valid point and said he might want to ask the county to remedy the discrepancy. Paul Jr. completed the documentation and phoned the Seminole County property appraiser to dispute the valuation.

As is customary Paul Jr. asked the county appraiser to come out and look at the house for himself and see how poorly the 6 bedroom, 4 bath home was constructed (He learned about construction from me as a kid growing up).

Upon buying the home, Paul Jr. began to notice several minor flaws in the construction. Trivial stuff like poor carpentry on the stairway, settlement cracks on the pool deck, and some drywall gaps around the air conditioner unit in the garage. When the appraiser came out, Paul Jr. patiently walked him through the house pointing out all of these flaws and requested that his home’s assessed value be reduced accordingly.

A few weeks later, Paul Jr. received a letter from Seminole County saying they had agreed to reduce his home valuation to $209,000. Though this kind of adjustment may not be what most homeowners want, my son had his house completely paid off. That being said his tax burden was decreased by $600 that year. Not a bad chunk of change to save for a few minutes of negotiating.

Based on my son’s success, now we not only appraise property but also help in any negotiations with the county property appraiser. For a fee of course.

Paul Jr. learned when reading the fine print of his county property appraiser’s assessment that third parties can represent homeowners when disputing property valuation assessments. I guess you could say through Paul Jr.’s own experience and professional academic training (which cost me a pretty penny), he serendipitously stumbled into a market niche working with his old man.

Incidentally in case you’re wondering if Paul Jr. took a loss when he bought his Seminole County home, not in the least. He owned it for about two-years and sold it for $282,500, above the price my brokerage listed it for (the kid knows how to negotiate), and pocketed a $59,000 profit upon sale.

I wish I could say I taught my son everything he knows. What I can now say however is that we now know the ins and outs of property appraising, which keeps our phones constantly ringing.

Paul Davis is Central Florida’s favorite and most reputable property appraiser frequently called upon by banks, homeowners, and savvy real estate investors to assess property values. A builder for over twenty years and also a real estate broker, Paul Davis brings a wealth of knowledge to the table as an appraiser.

Paul’s company Midstate Appraisals serves Central Florida (Lake, Orange, Seminole, Osceola, Sumter and Davenport in Polk counties).

Contact Paul Davis and Midstate Appraisals for your next appraisal:

Office: 325-242-9973

Cell: 352-636-6672

Fax: 352-242-4912

midstateappraisals@earthlink.net

http://www.midstateappraisals.org

Advertisements

Leave a comment

Filed under business, economics, commerce, florida, real estate

Making Bricks for Pharoah

Oh, no my wonderful Lord

We’re making bricks for Pharoah

Jehovah-jireh don’t delay to show

Your mighty power so all may know

That you provide for your people abundantly

Once again come forth and open the Red Sea

Provide miraculously and pay taxes supernaturally

Open the mouths of fish to cough up cash happily

As in times past as you did for the apostle Peter

Don’t let financial constraints silence and deter

Your people from seeking first the kingdom of God

Show yourself strong so greedy creditors will applaud

Let debt cancellation and cash flow magnificently

Let financial acumen and skill break forth intuitively

Within your people’s hearts and minds spiritually

Creative ideas to solve all our monetary problems

Divine appointments, alignment, and relationships

So we can rejoice, stay afloat, and not be a sinking ship

El Shaddai the nourishing one Father to whom we come

Help us because of our endless toil life is no more fun

Grievously vexed by our employers we cry for liberation

We need far more than the power of the resurrection

We also need wisdom, wealth, prosperity, and satisfaction

Alleviation from this gruesome plight of financial despair

Arise for your namesake oh God and show us you care

Before stress and strain prematurely grays our lovely hair

Or makes it fall out entirely as we worry and agonize daily

No more do we wish to make bricks for an oppressive Pharoah

Arise dear Lord so with the Great Commission we can boldly go

And preach the Good News of Christ throughout the entire earth

Telling all souls the glories of your name and about the new birth.

Paul F Davis – worldwide minister and author of Poems That Propel the Planet

Invite Paul to speak in your city!
RevivingNations@yahoo.com (or) gmail.com

If you liked what you read, check out Paul’s new book “A New Earth – Connect with Your Creator & Experience Endless Awakenings”

Paul’s new book at http://paulfdavis.com/booksvideos.htm

Paul F. Davis is a worldwide minister who moves in the miraculous to touch and transform humanity.

Paul has a unique ability to hear the voice of God, naturally bring forth the supernatural in a playful and heartfelt fashion, unlock and simply explain divine mysteries, impart life changing revelation, and usher in powerful manifestation bringing heaven to earth.

Paul is the author of several books including Waves of God; Supernatural Fire; God vs. Religion; United States of Arrogance; Poems that Propel the Planet; Breakthrough for a Broken Heart; Adultery 101; Are You Ready for True Love; Stop Lusting & Start Living; and many more!

Paul’s compassion for people & passion to travel has taken him to over 50 countries of the world where he has had a tremendous impact. Paul’s Dream-Maker Ministries builds dreams, transcends limitations, & reconciles nations.

http://www.PaulFDavis.com

Leave a comment

Filed under health & wellness, religion, spirituality, wealth and prosperity