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Foreigners(and investors,2nd homers, etc.) now have help in the form of a 10% cap on tax increases on all property.
Homesteaders still have a 3% cap. There is a vote in Nov that will further erode the 10% to about 5% for non-HS props. Not likely to pass, but possible. Falling values also make it much easier to fight your assessment and get reductions. Let me know if I can help at all in SE Florida. Quicksilver, I am in LH Point and run my office out of Deerfield. Let me know if you ever need an questions answered or help. Greg |
Originally Posted by rockstrmkr
(Post 2560772)
The $25K or $50K is not the issue. The issue is that if someone can "Homestead" their Florida property purchase while the prices are down, as they obviously currently are (in some places more than 50% off the peak prices), that person can cap their property tax near to or at the bottom of the pricing curve. That'll make a difference in the long run.
Just my .02 cents. Greg - have friends in LHP, what I miss about that area was Pelican Cove, which was torn down and Tails went up which is out of business now if I remember. I have some sick pics of when I took one of the waverunners out when Hurricane Floyd skimmed our coast years ago, nothing like jumping 10-15ft sets :D |
Originally Posted by freshwaterfiend
(Post 2560445)
How much would taxes be for a foreigner? I hear they are pretty damn expensive.
Thanks, Rob The MLS system here let's me auto-email properties that match what you want, no charge. Some of these properties are given back to the bank in spotless condition, some trashed. The real trick is to get one that was listed because the owner's bought a house and couldn't sell the previous one...then the house is mint. |
Originally Posted by hugetime1
(Post 2479926)
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Originally Posted by rockstrmkr
(Post 2560772)
The $25K or $50K is not the issue. The issue is that if someone can "Homestead" their Florida property purchase while the prices are down, as they obviously currently are (in some places more than 50% off the peak prices), that person can cap their property tax near to or at the bottom of the pricing curve. That'll make a difference in the long run.
Just my .02 cents. |
What are you considering Tampa Bay? I may be looking soon but not in Hillsborough. Most likely Pinellas or Pasco.
Originally Posted by Tampa38
(Post 2561179)
If you or any other OSO member want foreclosures/bank owned properties anywhere in Tampa Bay emailed daily, contact me at [email protected].
The MLS system here let's me auto-email properties that match what you want, no charge. Some of these properties are given back to the bank in spotless condition, some trashed. The real trick is to get one that was listed because the owner's bought a house and couldn't sell the previous one...then the house is mint. |
Originally Posted by florida gator
(Post 2561407)
Also something to be aware of when purchasing. I have dealt with people who claimed the taxes were low. First thing I asked was how long was the seller in the home? Many of the Realtors don't tell buyers the taxes being paid were going to change considerably once the house changes hands.
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Property taxes in FL are based on purchase price of subject property.
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Originally Posted by florida gator
(Post 2561408)
What are you considering Tampa Bay? I may be looking soon but not in Hillsborough. Most likely Pinellas or Pasco.
Get ready for a shocker if I run Pinellas/Pasco froeclosures, it will be in the hundreds...and hundreds... Most are vacant, so easy to go check them out. |
I will get with you soon.
Thanks |
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