Pablo Escobar's Miami mansion is being torn down......
01-15-2016, 07:51 PM
#11
Registered
Sadly that number is based on the current assessment. Lets say a house is assessed for 10 million, taxes are 2% of value (200K a year). You buy it for 16 million, taxes are now 2% of the higher value (320K a year now). This is a real problem on an old homesteaded home, it holds the tax increases to 3% of assessed value (house assessed for 800K, next year the most it can go up to is 824K (3%). So someone that has lived there for years may have a 10 million dollar home that is assessed for 900K.....current bill 18K a year, new guy buys at 10 million and suddenly taxes shoot to 200K.
Tiger Woods 12 acre oceanfront estate- 900K a year in taxes!
This is Celine Dion's house on the same street as Tiger's house. She has a million gallon pool/waterpark on the property. Her place is for sale for 65 million, house is assessed for 19.5 (taxes are 350k a year). Pool guy gets 16,000 a month for service and she employs a staff of 6 full time despite not even living there! If she gets anywhere near asking price the new tax bill will shoot to about a million bucks a year......ouch
https://www.youtube.com/watch?v=lhZuW0JJGFg
Tiger Woods 12 acre oceanfront estate- 900K a year in taxes!
This is Celine Dion's house on the same street as Tiger's house. She has a million gallon pool/waterpark on the property. Her place is for sale for 65 million, house is assessed for 19.5 (taxes are 350k a year). Pool guy gets 16,000 a month for service and she employs a staff of 6 full time despite not even living there! If she gets anywhere near asking price the new tax bill will shoot to about a million bucks a year......ouch
https://www.youtube.com/watch?v=lhZuW0JJGFg
01-15-2016, 08:34 PM
#12
Registered
Thread Starter
I hear ya! Just keep in mind, people get fed up at all levels from 2K to 200K. You are paying property tax for schools, police, fire etc. and when their pensions spin out of control the city's finances crumble so they come back to the property owners to pay for everything. This is a time bomb for many communities at all price points (underfunded pensions).
01-15-2016, 09:03 PM
#13
Gold Member
Gold Member
Sadly that number is based on the current assessment. Lets say a house is assessed for 10 million, taxes are 2% of value (200K a year). You buy it for 16 million, taxes are now 2% of the higher value (320K a year now). This is a real problem on an old homesteaded home, it holds the tax increases to 3% of assessed value (house assessed for 800K, next year the most it can go up to is 824K (3%). So someone that has lived there for years may have a 10 million dollar home that is assessed for 900K.....current bill 18K a year, new guy buys at 10 million and suddenly taxes shoot to 200K.
Tiger Woods 12 acre oceanfront estate- 900K a year in taxes!
This is Celine Dion's house on the same street as Tiger's house. She has a million gallon pool/waterpark on the property. Her place is for sale for 65 million, house is assessed for 19.5 (taxes are 350k a year). Pool guy gets 16,000 a month for service and she employs a staff of 6 full time despite not even living there! If she gets anywhere near asking price the new tax bill will shoot to about a million bucks a year......ouch
https://www.youtube.com/watch?v=lhZuW0JJGFg
Tiger Woods 12 acre oceanfront estate- 900K a year in taxes!
This is Celine Dion's house on the same street as Tiger's house. She has a million gallon pool/waterpark on the property. Her place is for sale for 65 million, house is assessed for 19.5 (taxes are 350k a year). Pool guy gets 16,000 a month for service and she employs a staff of 6 full time despite not even living there! If she gets anywhere near asking price the new tax bill will shoot to about a million bucks a year......ouch
https://www.youtube.com/watch?v=lhZuW0JJGFg
Not sales price, 2% tax assesed value dude. A pretty decent difference.
Either way, if you can afford it, you arent complaining.
Last edited by Keith Atlanta; 01-15-2016 at 09:06 PM.
01-15-2016, 11:25 PM
#14
Registered
Thread Starter
01-25-2016, 01:48 PM
#16
Registered
Looks like they found a safe ..... but then lost it again. They also found a package with a unknown substance inside.
http://www.nbcmiami.com/news/local/P...365753951.html
http://www.nbcmiami.com/news/local/P...365753951.html
01-26-2016, 07:33 AM
#17
Registered
Thread Starter
Looks like they found a safe ..... but then lost it again. They also found a package with a unknown substance inside.
http://www.nbcmiami.com/news/local/P...365753951.html
http://www.nbcmiami.com/news/local/P...365753951.html
Reality is, if there was a safe in the house and they thought it was important they wouldn't have waited months to check it out. Part 2: if they did find something valuable then why would you publicize it? The US Govt would want to seize it, Pablo's relatives could argue it was their inheritance or any of Pablo's US creditors would say it is theirs.
01-26-2016, 09:25 AM
#18
VIP Member
VIP Member
Sadly that number is based on the current assessment. Lets say a house is assessed for 10 million, taxes are 2% of value (200K a year). You buy it for 16 million, taxes are now 2% of the higher value (320K a year now). This is a real problem on an old homesteaded home, it holds the tax increases to 3% of assessed value (house assessed for 800K, next year the most it can go up to is 824K (3%). So someone that has lived there for years may have a 10 million dollar home that is assessed for 900K.....current bill 18K a year, new guy buys at 10 million and suddenly taxes shoot to 200K.
Tiger Woods 12 acre oceanfront estate- 900K a year in taxes!
This is Celine Dion's house on the same street as Tiger's house. She has a million gallon pool/waterpark on the property. Her place is for sale for 65 million, house is assessed for 19.5 (taxes are 350k a year). Pool guy gets 16,000 a month for service and she employs a staff of 6 full time despite not even living there! If she gets anywhere near asking price the new tax bill will shoot to about a million bucks a year......ouch
https://www.youtube.com/watch?v=lhZuW0JJGFg
Tiger Woods 12 acre oceanfront estate- 900K a year in taxes!
This is Celine Dion's house on the same street as Tiger's house. She has a million gallon pool/waterpark on the property. Her place is for sale for 65 million, house is assessed for 19.5 (taxes are 350k a year). Pool guy gets 16,000 a month for service and she employs a staff of 6 full time despite not even living there! If she gets anywhere near asking price the new tax bill will shoot to about a million bucks a year......ouch
https://www.youtube.com/watch?v=lhZuW0JJGFg
01-26-2016, 11:02 AM
#19
Registered
Thread Starter
I just can't rationalize ever giving the county govt. hundreds of thousands of dollars to live in YOUR OWN HOUSE!
You didn't have a fire or need the cops, your kids don't go to the public school, they didn't go to the county library, etc. and this is just property taxes, so you still have to pay to "operate" the house (lawn/gardeners, pool/house cleaners, window washers.....whoever) plus the utilities, insurance etc.
My uncle recently sold a 7mm house in Harbor Beach (east Ft Lauderdale). House was great, one lot off the ICW right behind Pier 66. Taxes were 130K a year, insurance was 35K a year (with a huge deductible), electric bill was 7K a month (with the yacht docked there). The fish tank guy was $800 a month! At some point everyone just says enough is enough! House was approaching 10 years old and AC units (all 10) were the next big replacement item so he decided a condo would suit his needs better.
You didn't have a fire or need the cops, your kids don't go to the public school, they didn't go to the county library, etc. and this is just property taxes, so you still have to pay to "operate" the house (lawn/gardeners, pool/house cleaners, window washers.....whoever) plus the utilities, insurance etc.
My uncle recently sold a 7mm house in Harbor Beach (east Ft Lauderdale). House was great, one lot off the ICW right behind Pier 66. Taxes were 130K a year, insurance was 35K a year (with a huge deductible), electric bill was 7K a month (with the yacht docked there). The fish tank guy was $800 a month! At some point everyone just says enough is enough! House was approaching 10 years old and AC units (all 10) were the next big replacement item so he decided a condo would suit his needs better.
01-26-2016, 11:48 AM
#20
Registered
The owner's wife is/was a TV reporter in Miami. I think they are hyping the history/mystique to get publicity about the house. They have been trying to "flip" the lot for almost 2 years (paid 14 million, asking 21m now). BTW the new house design blows.
Reality is, if there was a safe in the house and they thought it was important they wouldn't have waited months to check it out. Part 2: if they did find something valuable then why would you publicize it? The US Govt would want to seize it, Pablo's relatives could argue it was their inheritance or any of Pablo's US creditors would say it is theirs.
Reality is, if there was a safe in the house and they thought it was important they wouldn't have waited months to check it out. Part 2: if they did find something valuable then why would you publicize it? The US Govt would want to seize it, Pablo's relatives could argue it was their inheritance or any of Pablo's US creditors would say it is theirs.
