"Flipped In Florida" - For Sale Sign On Almost Every Other Home

Quote from blast19:

jem,

http://www.realestatejournal.com/buysell/taxesandinsurance/20060523-morales.html

"All across the country, homeowners are complaining about runaway property taxes. In many places, sharp increases in home values are to blame. But Florida's snowbirds are angry about something else -- an unusual dual-bracket tax system. Florida allows municipalities to set the taxable value of properties at different levels for permanent and seasonal residents. There have been cases of snowbirds paying property taxes 10 times as high as those of permanent residents living nearby.

Records of the St. Lucie County Property Appraiser show, for example, that one permanent resident of Jensen Beach pays $271 a year in property taxes on a 408-square-foot mobile home built in 1984. Four houses away, a seasonal resident from Pennsylvania pays $3,007 for a 420-square-foot mobile home built in 1987, the records show. The two lots are nearly the same size, according to the records."
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I am a realtor, a lawyer in florida (a damn good trader lately) and a citizen who attended the local meetings where the municipality was setting the millage rate. I also helped some people as a lawyer get the taxes adjusted.

Unless everything i was taught is incorrect, what i stated above is correct.

You are either homesteaded, eligble for small exemptions for the disabled or you pay the same rate as everyone else. There is a formula that municipalities have to follow to set you tax rate. "it is not whatever they want."
 
I read the link to the real estate article in FL today.

Can you believe some asshole democrat had the balls to call this a tax cut for the wealthy?

Pabst anytime you see anything on this subject would mind sending me a linc. I have to make a one more big decision and the only thing from cashing in my last house is the potential tax cut.
 
Quote from blast19:

Fuck the investors and speculators....I've got no pity for them. I was in Bonita Springs last year I think and 2 out of 5 houses, quite literally were for sale. I was yelling at my wife, "HOLY SHIT, look at this!" It was incredible.

I used to live on Marco Island, about 2 years ago. I went back to visit last year and on the road from Highway 75 to the 41(?), about a 5 mile stretch, was wall to wall packed with new home construction...Naples is a stupid joke. It's really like Real Estate gone wild down there...was down there recently and it's quiet and dead compared to what it was.

There is also a law in Florida that if you own a 2nd home there and retain residence in another state, which a lot of people do I think, they can jack up your property tax to whatever they want...it's different for residents and people who own property there but retain residence elsewhere.
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I have asked this question before. WHy is it smart to overbuild expensive properites in a place where the probability of hurricane destruction seems to be increasing every year? CHrist how many times do we have to have a FEMA disaster down there before we stop wasting money.? WHy not go develop condos in Baghdad ? NO hurricanes there just the risk of collateral mortar fire damage.
 
Quote from jem:

I am a realtor, a lawyer in florida (a damn good trader lately) and a citizen who attended the local meetings where the municipality was setting the millage rate. I also helped some people as a lawyer get the taxes adjusted.

Unless everything i was taught is incorrect, what i stated above is correct.

You are either homesteaded, eligble for small exemptions for the disabled or you pay the same rate as everyone else. There is a formula that municipalities have to follow to set you tax rate. "it is not whatever they want."
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If Florida's state information site wasn't a piece of shit I could look. You're arguing very exaggerated semantics anyway...it's not really worth debating that.

Theoretically, any state that is stupid enough to pass laws regarding shooting potential offenders, would be stupid enough to allow municipalities to boost property taxes "as much as they want."
 
The formula is 2.5% of assessed value.......
Quote from blast19:

If Florida's state information site wasn't a piece of shit I could look. You're arguing very exaggerated semantics anyway...it's not really worth debating that.

Theoretically, any state that is stupid enough to pass laws regarding shooting potential offenders, would be stupid enough to allow municipalities to boost property taxes "as much as they want."
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Quote from TheDudeofLife:

I have asked this question before. WHy is it smart to overbuild expensive properites in a place where the probability of hurricane destruction seems to be increasing every year? CHrist how many times do we have to have a FEMA disaster down there before we stop wasting money.? WHy not go develop condos in Baghdad ? NO hurricanes there just the risk of collateral mortar fire damage.
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It's not smart at all. I'll buy in Miami, above the 5th floor maybe. :D

But really, Ft. Myers Beach is waiting to be washed away...it's incredible. I'd rather own in Mexico to tell you the truth...less money to buy, 10X nicer beaches, nicer people, less traffic, more culture, etc. etc. etc. Florida is the closest thing to paradise in the US because of the tropical feel...other than that it's pretty much a refuge for those waiting to die and people who are sick of snow during the winter. :D
 
Quote from TheDudeofLife:

I have asked this question before. WHy is it smart to overbuild expensive properites in a place where the probability of hurricane destruction seems to be increasing every year? CHrist how many times do we have to have a FEMA disaster down there before we stop wasting money.? WHy not go develop condos in Baghdad ? NO hurricanes there just the risk of collateral mortar fire damage.
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Where on the Gulf or Atlantic coasts are hurricanes not a possibility? The Carolina's were hit hard several times in the late 80's. Long Island was RAVISHED by a Cat3 in 1938. http://www2.sunysuffolk.edu/mandias/38hurricane/

Not to mention the vulnerability of Seattle, the Bay Area and L.A. to earthquakes.

Or if a tornado rumbles through Dallas, ect.
 
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