Property taxes are leveling off. Property's are selling higher than the assessed tax values. I also believe the bell curve for property taxes is on the rise. We have an opportunity this year to help our new non-homestead buyers by voting for the 5% cap on increases each year. It does not mean they will automatically increase every year but at least they wont have a dramatic increase. If you are a resident of Florida for 6 months and a day and have a florida drivers license you are eligible for a $25,000.00 homestead exemption off your assessed tax value. You can get an additional $25K off if you are a widower and another $25,000.00 if you are over 65 years old.
Once your homestead exemption status is in place your increase is capped at 3.5% per year.
Hope this helps you.
Sarah Garrett, Realtor
ALLIANCE REALTY GROUP
"Chosen Best in Client Satisfaction 2006-2011" by Gulf Shore Life Magazine
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There are too many unknown factors to accurately guess what will happen with taxes in the next year let alone 10 years.