is being used as your homestead then the property taxes cannot be raised more than 3% per year.
But once the property is sold , the property is re assessed and taxed at the higher assessed value.
Someone that has lived in the property for a long time as there homestead would have a lower
tax bill than someone that has only lived in the property for a short period of time.
Also this homestead provision is not available for investors
Hope this help.
Please contact me anytime If I can be of any assistance.
Real Estate 911 Inc