they finally agreed on a property tax law cut.
For everyone with property under 500k its actually pretty good, all in all accounts for at least 50% reduction in total bill.
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FL Real Estate Market
- Thread starter SiSePuede!
- Start date
they finally agreed on a property tax law cut.
For everyone with property under 500k its actually pretty good, all in all accounts for at least 50% reduction in total bill.
that property tax cut is a joke
no portability on homestead
save our homes is eliminated on new assessments
they are rolling taxes back 1 year (9% in miami dade) while housing has gone up about 130% in last 4 yrs ....vs personal income / inflation ofa bout 20%
florida is great place to live ...dont get me wrong..im not leaving anytime soon..but the gov't is a joke (esp miami - dade )
AND the property tax situation is a DISGRACE
no portability on homestead
save our homes is eliminated on new assessments
they are rolling taxes back 1 year (9% in miami dade) while housing has gone up about 130% in last 4 yrs ....vs personal income / inflation ofa bout 20%
florida is great place to live ...dont get me wrong..im not leaving anytime soon..but the gov't is a joke (esp miami - dade )
AND the property tax situation is a DISGRACE
Quote from Copernicus:
they finally agreed on a property tax law cut.
For everyone with property under 500k its actually pretty good, all in all accounts for at least 50% reduction in total bill.
I'm going to be lazy. What is the net effect if I sell to the new buyer? Where does his property tax come in? I would say, as a percentage of what I pay?
Quote from flytiger:
I'm going to be lazy. What is the net effect if I sell to the new buyer? Where does his property tax come in? I would say, as a percentage of what I pay?
not sure if this is answering your ? but he is going to pay based on what he paid for it or assessed value.
75% of first 200k exempt from taxes
15% on 200-500k
nothing over 500k
plus 50k knocked off that as a homestead exemption if I understand that plan correctly. All in all the bill gets cut by about 50% on something under 500k, at least if it stays as it is.
so lets say i have a 500k house, before I paid 10k, now about 5k on a homestead property.
Quote from Copernicus:
not sure if this is answering your ? but he is going to pay based on what he paid for it or assessed value.
75% of first 200k exempt from taxes
15% on 200-500k
nothing over 500k
plus 50k knocked off that as a homestead exemption if I understand that plan correctly. All in all the bill gets cut by about 50% on something under 500k, at least if it stays as it is.
so lets say i have a 500k house, before I paid 10k, now about 5k on a homestead property.
That's what I thought. It'll help move some property. A lot of folks balked at new homes because they weren't sure how much they would get zapped.
Funny thing is, all these municipalities crying. My city says, we'll have to outsource the cops, waste removal and electricity to save money. Jobs will be lost. My thought is, why are we pissing away money. if we could save money, we should have done it before. Not my job to employ people. Governments waste, waste, waste.
THE VERY HIGH END IN FLORIDA IS GOING EVEN HIGHER WITH EVEN LESS SUPPLY...........AND I MEAN 3.5 MIL AND UP FOR THE HIGH END.....ESPECIALLY OCEANFRONT OR OCEAN VIEW IN PALM BEACH AND MARTIN COUNTYS
IN MARTIN COUNTY TIGER WOODS JUST PAID 50 MILLION FOR HIS PLACE....2X HIGHER THAN THE PREVIOUS HIGH PRICE IN THE AREA
AND LOOK AT THE PLACE TRUMP HAS REDONE ON THE OCEAN PRICE 125 MILLION ....AND HE WILL GET IT
FLORIDA REAL ESTATE IS SIMPLE ...BUY ONLY ON A BARRIER ISLAND AND YOU WILL MAKE MONEY....
AND NOW IS THE TIME TO INVEST ...BEST AREA MARTIN COUNTY
THATS THE SPOT
IN MARTIN COUNTY TIGER WOODS JUST PAID 50 MILLION FOR HIS PLACE....2X HIGHER THAN THE PREVIOUS HIGH PRICE IN THE AREA
AND LOOK AT THE PLACE TRUMP HAS REDONE ON THE OCEAN PRICE 125 MILLION ....AND HE WILL GET IT
FLORIDA REAL ESTATE IS SIMPLE ...BUY ONLY ON A BARRIER ISLAND AND YOU WILL MAKE MONEY....
AND NOW IS THE TIME TO INVEST ...BEST AREA MARTIN COUNTY
THATS THE SPOT
the brickell/Coral Gable's area are the "wall street" for latin americans and right now there's a lot rich latinos who are moving their assets to that area, from venezuela's new oil tycoons Throught brazilians Coffee Baron's... other than that, most of the south florida real estate is in coma.