Do property taxes get re-assessed when the homes on Highlands Res sell for much lower prices than the asking price?

Florida UK
Florida UK
Home Buyer
Davenport, FL

Thu Oct 29 2009, 12:36 - Home Buying in 33897 - 1 answer
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Greg Traub
Greg Traub
Agent
Orlando, FL
FIRST ANSWER

Taxes get re-assesed every year on January 1 whether the home sells or not and asking price to sold price ratio does not have any effect on the re-assessment. Re-assessments are based on current values. Check out my blog here on Trulia http://www.trulia.com/blog/greg_traub/2009/03/estimating_flo… for a more detailed explaination on how to estimate FL property taxes.

Always consult your agent though for each specific property as each ones tax situation can possibly be different...just make sure they know what they're talking about!

Web Reference: http://www.MyOrlandoHomeExpert.com
Thu Oct 29 2009, 12:46
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