1. Property Tax Reduction Strategies

2. The Hagen Law Firm 6249 Presidential Court Suite F Fort Myers, FL 33919 (239) 275-0808 info@mikehagen.com www.mikehagen.com

3. Key Florida Property Tax Laws

4. Florida Constitution Article VII, Section 4: “just valuation” (market value)“just valuation” (market value) Agricultural classificationsAgricultural classifications Homestead exemptions and 3% assessment capHomestead exemptions and 3% assessment cap

5. Florida Statutes Chapters §192 – 196, F.S.Chapters §192 – 196, F.S. Chapter §192.042: January 1 st is assessment date. Substantial completion provision.Chapter §192.042: January 1 st is assessment date. Substantial completion provision.

6. Florida Statutes Chapter 193.011 – Eight criteria: 1.Cash value less costs of purchase. 2.Highest and best use / present use. 3.Location. 4.Size. 5.Cost. 6.Condition. 7.Income. 8.Net proceeds of sale.

7. Florida Statutes Chapter 193.052 Tangible personal property return.Tangible personal property return. Chapter 193.062 TPP Return filing deadline – April 1 st.TPP Return filing deadline – April 1 st.

8. Florida Statutes Chapter 193.063 30 day TPP return extension, and30 day TPP return extension, and additional 15 day extension (optional)additional 15 day extension (optional) Chapter 194.301 Presumption of CorrectnessPresumption of Correctness

9. Florida Statutes Chapter 193.1554 10% cap on non-homestead assessments.10% cap on non-homestead assessments. Chapter 193.461 Agricultural exemptionsAgricultural exemptions

10. Florida Statutes Chapter 194.011 – Assessment Notices (a/k/a Trim Notices) Informal ConferenceInformal Conference 25 days to petition value25 days to petition value Chapter 194.171 – Circuit Court “appeals”

11. Tangible Personal Property Discussion

12. Value Adjustment Board Appeals Discussion

14. GULF-FRONT HOTEL: 4 CONSECUTIVE YEARS REDUCTION

15. 5 bayfront lots cut from $4,000,000 to $1,300,000!

16. GULF FRONT HOTEL - $3.3 MILLION REDUCTION

18. BEACH FRONT HOTEL: $1.6 MILLION REDUCTION

19. U.S. 41 RESTAURANT: $700,000 REDUCTION

20. Our Property Tax Focus Includes:  Hotels  Apartment Buildings  Marinas  Office Buildings  Retail Buildings  Commercial Land

21. FORT MYERS BEACH MARINA: $1.3 MILLION REDUCTION

22. CONDOMINIUM CONVERSION: 100 UNITS X $20,000 PER UNIT REDUCTION

23. At TaxCuts1 - we can help!

24. DOCK-O-MINIUMS: $1.1 MILLION REDUCTION

25. GULF FRONT RESTAURANT: $736,000 REDUCTION

26. BONITA BEACH BAYFRONT: $1.4 MILLION REDUCTION

27. TaxCuts sincerely thanks the many real estate professionals who referred their clients to us for property tax consulting and appeals. Our valued referring colleagues include: Kevin Jursinski, Esquire Charles Sloan, Realtor Bruce Strayhorn, Esquire Joseph Madden, Esquire Frank Pavese, Jr., Esquire Robert Pritt, Esquire Leo J. Salvatori, Esquire Scott Morris, Esquire Don Brooks, General Contractor Dan Miller, Realtor Tom Birch, Realtor Michael Frye, Realtor Stan Stouder, Realtor Ron Inge, Broker Mark Horowitz, Esquire Steve Hartsell, Esquire William Keyes, Esquire Thomas E. Moorey, Esquire Richard Pringle, Esquire Mike Randolph, Esquire Steve Carta, Esquire Hank Hendry, Esquire Roger Burks, General Contractor Tom Woodyard, Realtor Stephanie Miller, Realtor Jerry Myer, License Real Estate Broker Jeannie Steidel, Realtor David Knizer, Developer

29. Visit TaxCuts1 on the web at www.TaxCuts1.com (239) 275-0808 www.TaxCuts1.com

30. Conclusion