Friday, June 25, 2010

CELEBRITY PROPERTY TAX ASSESSMENTS: LIL WAYNE

Rap star Lil Wayne has sold his South Beach condominium. Lil Wayne, also known as Dwayne Carter, sold unit 2601 at the Murano Grand at Portofino, 400 Alton Road, for a reported $2,500,000. The unit is assessed at$2,122,820 for property tax purposes as of January 1, 2009.

Buyers are Christian and Marie Peter, who also own unit 2807 in the same building. Assumedly, Mr. and Mrs. Peter will be moving from the 1,759 square foot unit to the larger 3,979 square foot unit formerly owned and occupied by Lil Wayne.

Please tell Christian and Marie that I'm available to assist them if they need help with the transfer of their homestead exemption and application for portability of their Save Our Homes ad valorem taxation homestead exemption benefit.
______________________________________________________________________________________
Mr. Weiss has represented taxpayers in thousands of administrative tax appeal hearings and has more than 70 published opinions to his credit, including 55 property tax opinions, is co-author of Chapter 64 of the Florida Tax Service 2d, "Agriculture and Other Classified Properties" with Matthew Bender, and a lecturer on property taxation for the National Business Institute.

Thursday, April 08, 2010

MIAMI HEAT'S DWYANE WADE SELLS HOUSE FOR LESS THAN ASSESSED VALUE

Miami Heat superstar Dwyane Wade sold his Pinecrest home for $2.5 million, $354,000 less than his January 2009 tax assessment. Property Appraiser take note!

Wade paid $3,975,000 in July 2005 for the 9,000 square foot home located on a cul de sac lot of 41,041 square feet, nearly an acre. The purchase by Wade and his wife was reported on this blog at the time it occurred.

Rumor has it that Wade's split with wife Siohvaughn precipitated the sale.
___________________________________________________________________
Mr. Weiss has represented taxpayers in thousands of administrative tax appeal hearings and has more than 70 published opinions to his credit, including 55 property tax opinions, is co-author of Chapter 64 of the Florida Tax Service 2d, "Agriculture and Other Classified Properties" with Matthew Bender, and a lecturer on property taxation for the National Business Institute.

Tuesday, March 30, 2010

APRIL 1 IS FLORIDA TANGIBLE PERSONAL PROPERTY TAX FILING DEADLINE

As in every year for as far back as I can remember, April 1 has bneen the tangible personal property tax filing deadline. If you own more than $25,000 worth of FF&E and you don't know what I'm talking about, call your accountant. If he doesn't know what I'm talking about, have him or her call the County Property Appraiser about where he or she can get a DR-405 form.

But don't delay. The form has to be filed with the Property Appraiser and the deadline for postmarking is April 1. Late returns incur a whopping 25% penalty!

"A word from the Weiss is sufficient."
____________________________________________________________________
Mr. Weiss has represented taxpayers in thousands of administrative tax appeal hearings and has more than 70 published opinions to his credit, including 55 property tax opinions, is co-author of Chapter 64 of the Florida Tax Service 2d, "Agriculture and Other Classified Properties" with Matthew Bender, and a lecturer on property taxation for the National Business Institute.