Property tax is a tax levied or assessed on the owner of property—often real property (real estate)—that is based on the property’s appraised value. Local governments often impose property taxes to finance their school districts, police departments, fire departments, and municipal projects such as construction and maintenance of streets and roads.

Most local government authorities (often counties) allow citizens to dispute or challenge the appraised value of their property through an administrative process initiated with the tax assessor or appraisal district.

In Florida, property tax is assessed annually by local government tax assessors on both real and personal property based on the property's fair market value as of January 1 of the tax year. The revenue from property taxes is used to fund public services such as schools, law enforcement, fire services, and infrastructure projects. Property owners in Florida have the right to dispute the assessed value of their property if they believe it is incorrect. This is typically done by filing a petition with the county Value Adjustment Board, which is an independent board that hears disputes about property assessments, exemptions, classifications, and tax deferrals. The process involves a hearing where the property owner can present evidence to support their claim that the property's assessed value is inaccurate. If the board rules in favor of the property owner, the assessed value may be adjusted accordingly. It is important for property owners to be aware of the deadlines for filing a petition, as these are strictly enforced.