Home Buying in Freeport>Question Details

Tim -l, Home Buyer in Freeport, FL

what are the approximate property taxes on a $200,000 home in Windswept S.D. Also approximate homeowners insurance.

Asked by Tim -l, Freeport, FL Tue Jul 13, 2010

Help the community by answering this question:


Current property taxes in Walton County are just under .008 So, to calculate the taxes, you multiply the assessed value of the property by .008. eg-- typical home in Windswept sells around $200,000. If assessed at $200,000 - $50,000 (homestead exemption) = $150,000 taxable value. (there are other potential exemptions, too) Multiply $150,000 taxable value X .008 = $1200 per year (approx) property taxes.

Note: the County Commissioners in Walton Co recently approved a millage increase, due to assessed values decreasing, so the taxable dollars will likely remain similar for 2011, though the rates may change.

Homeowners Insurance for those houses will likely run around $1200-$1,500 per year.
Are you already working with an agent?
0 votes Thank Flag Link Fri Aug 6, 2010
Hello Tim,

I just looked up a HUD 1 for a 103,000 home, and the taxes are 128/month, so I would think your taxes would be approximately twice that on a 200,000 home. Now, that is not with a homestead exemption which will save you taxes on 50,000 of the value. So it would only be 256/month until you apply for and are granted the 50,000 exemption.

If you have any other questions, please let me know. I do business in Freeport, and would love to assist you.

Myke Triebold, GRI
Web Reference: http://www.MykeTriebold.com
0 votes Thank Flag Link Tue Jul 13, 2010
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