Hillsborough County homeowners with tainted Chinese drywall to receive up to 50% discount on home assessment

October 20, 2009  |  Other, Chinese Drywall, Press Releases

Owners of Hillsborough County, Florida homes affected by tainted Chinese drywall may qualify for a significant deduction of their property taxes, according to the Hillsborough County Property Appraiser’s Office. The tax appraiser is evaluating homes and offering discounts of as much as 50 percent of a home’s value, based on the severity of the problem. The deduction will not apply to the value of the land. Homeowners interested in applying for the deduction can call the tax appraiser’s office at (813) 272-6100 for more information.

It is estimated that the tainted Chinese drywall, which has been shown to cause health problems and damage home appliances, was used in as many as 100,000 homes in the U.S., particularly between 2004 and 2007. It is estimated that as many as 2,500 of those homes may be in Hillsborough County.

In addition to property tax relief, the Internal Revenue Service is considering allowing a casualty loss on homeowners’ tax returns.

For the full story, go to Tampa Bay Online.

News Articles

View All
  • Get Answers Now

    Get a free case evaluation to help determine your legal rights.

  • Receive emails from Baron & Budd?
  • This field is for validation purposes and should be left unchanged.