The Florida Supreme Court recently invalidated the 1% transportation discretionary sales surtax approved by Hillsborough County voters in November 2018. As a result, the Florida Department of Revenue advises that dealers cease collecting this 1% Hillsborough County surtax, effective immediately. Commercial landlords and property managers should promptly reduce the tax rate charged in Hillsborough County […]
Commercial Landlord and Property Manager Alert: Florida’s Rent Tax Rate Reduced (Again) for 2020 The Florida Legislature has, again, reduced the state commercial rentals tax rate for periods beginning on or after January 1, 2020. Local option (county) surtax rates, however, remain unchanged. While the reduced state tax rate applies to commercial rental consideration, […]
A Florida appellate court has delivered a huge win for taxpayers who contest property tax assessments. The decision was issued in Darden Restaurants Inc. v. Singh, Case No. 5D16-4049 (Fla. 5th DCA March 1, 2019). “The ruling ensures that taxpayers will now have a fighting chance” in those cases, said Dean Mead’s Robert S. Goldman, […]
Orlando, Fla. — Eleven Dean Mead attorneys have been recognized among Florida Trend’s Florida Legal Elite 2018. The list appears in the July edition of the publication. This year Cari L. Roth is inducted into The Legal Elite Hall of Fame joining fellow shareholders, Darryl M. Bloodworth, Lauren Y. Detzel, Peter M. Dunbar and Mark E. Holcomb […]
The Florida Legislature reduced the state commercial rentals tax rate from 6% to 5.8% for rental periods beginning on or after January 1, 2018. This article guides commercial landlords and property managers in complying with that rate change. While the reduced tax rate applies to commercial rental consideration, it does not apply to other charges […]
As the only American state with a sales tax on commercial rentals, Florida has a history of presenting businesses with unwelcome surprises in the form of audit assessments. What follows below is a summary of the top four misunderstandings that create taxpayer exposure. Tax base is broader than just “rent.” The measure of tax is […]
Laura Minton Young’s byline titled, Know the ins and out of Truth in Millage reports, was published in Florida Today. Laura is a Board Certified real estate attorney in Dean Mead’s Viera office. The full article may be viewed HERE. This article has been posted with permission from Florida Today.