Golf club’s tax dispute may go before a jury

The New Reverse Mortgage Formula: How to Convert Home Equity into Tax-Free Income Since 2002, [tag]Palma Ceia Golf and Country Club[/tag] has challenged its [tag]property tax appraisal[/tag].

Several years ago, the [tag]Hillsborough County Property Appraiser’s Office[/tag] determined there is a big difference between a vacant grassy lot and a golf course. Contoured greens meticulously designed by landscaping architects made properties worth more, the appraisers decided. So the office changed the way it calculated values.

Most of the people whose homes neighbor the golf course pay more than $1-million to live so close to the green. Last names of past and present members of the exclusive club read like landmarks on a [tag]Tampa[/tag] treasure map: Frankland, Culbreath, Steinbrenner. But when the appraiser’s office upped the value of the golf course by more than $1-million, therefore increasing taxes by about $30,000 a year, the golf course sued. Every year since 2002, the country club has filed a lawsuit against the county appraiser, tax collector and executive director of the [tag]Florida Department of Revenue[/tag] to contest the added value.

click here for article