Joe Camp, Both Buyer and Seller in Fort Lauderdale, FL

when taxes are listed in sellers ad, are these numbers based on previous sale price?

Asked by Joe Camp, Fort Lauderdale, FL Wed Apr 13, 2011

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In Alabama, the taxes listed are based on taxes for the previous year...
0 votes Thank Flag Link Fri Jun 3, 2011
Hi Joe,

In Florida we have a Save Our Homes property tax discount that limits the amount the assessed value can increase each year to 3%. Very long term homeowners may pay significantly less than you will pay because the house will be moved up to "market value" for taxing.

Google the Broward County Tax collector and it may offer a tax estimator on their website. Your Realtor should also be able to give you a fairly good estimate of what your taxes will be.

Hope this helps.
Alma
0 votes Thank Flag Link Wed Apr 13, 2011
They are going to be based on what the seller pays that year in taxes. Your question should be, What will my taxes be if I buy this house? States figure taxes in different ways and reassessments are done at different times and that can make a difference. Here in NC the assessed value does not change when a house is sold, it is changed when the tax rate changes or when the home is reassessed which can be as much as every 4 to 8 years.
0 votes Thank Flag Link Wed Apr 13, 2011
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