Terry McCarley, RealtorÂ®, CDPE / Jones & Co Realty
The best thing you can do is to have a mortgage specialist on speed dial that you can call 7 days a week to ask these questions. There are so many layers of facts one must know about buying a home in Florida, and I know them all. With 12 years of experience lending to Canadian Citizens, and even more years buying and selling real estate myself, I can absolutely answer any question you may ever have, and would be happy to outline what your potential payments would look like as you make offers or browse listings. Please save my number, and lets get to work. :0)
If you would like additional information, it would be my pleasure in helping you understand exactly what you need to do to be mortgage ready, and I offer free unlimited consultation.
Federally licensed Mortgage Broker
12 years of experience in Cape Coral
Voted #1 for service by a Lender
Seasoned Real Estate Investor
"The hardest Working Man in Home Financing"
If your property is not homesteaded and the values go up significantly, so would the tax without homestead. But the taxes aren't really that bad here. Owning more than one property, does have expenses, but Florida is still a great investment!
If you mean homeowners taxes, they are the based on the property you buy. It is the same no matter who buys the property. Residents who use the property as their primary residence may claim homestead exemption of $50,000.00.
Hope this answers your question.
As a non-US resident you will pay your taxes based on the assessed value multiplied by the millage rate. If you were a Florida resident you would get a $50,000 reduction (homestead exemption) from the assessed value and that number would be multilied by the millage rate. Florida gives it's residents a break. In addtion to the homestead expemtion mentioned above, Florida's residents also have a cap on the amount of yearly inrease in taxes due to increasing assessed values. As a non-US resident your assessed value would increase or decrease based on assessed value. In a market where values are increasing substantially you would be at a disadvantatge. In the current decreasing market you will see taxes declinging. I would expect to see another year of decreasing taxes when the bills come out in November. You can search the tax rolls for any particular property at http://www.LeePA.org. If you woluld like to search for homes you can see thousands at http://www.skoffman.capecoralhomesnow.com. The topic may seem a bit confusing but I would be happy to answer any questions you may have so feel free to call or email. Have a great day!
Century 21 Sunbelt
#1 team in Florida & #3 team in US for 2008