When a property tax exemption is lost by a change of use of the property, or a discontinuation of the exemption purpose the property is subject to a Roll Back tax going back as much as 5 years.
Once this assessment is applied, there is usually a window of opportunity to discuss this Roll-Back tax with your local appraiser to possibly lessen the amount due. Tax Recourse LLC. has experience negotiating these reduced assessments and has been successful at substantial tax reductions.