Kevin Richar…, Home Buyer in Panama City Beach, FL

Any idea on costs of taxes/insurance on single fam home within 600 yards of beach in Panama Cty Beach or Gulf Shores. Trying to get idea on costs

Asked by Kevin Richards, Panama City Beach, FL Sat Aug 28, 2010

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3
Kevin,

Florida provides a website that serves as a valuable tool for understanding insurance rates. I'm sure you will find this helpful.

http://www.shopandcomparerates.com

Good luck,

Bill
0 votes Thank Flag Link Sat Aug 28, 2010
Insurance rates will vary depending on type of construction and location. Taxes will be about $330/$100K of value on a non-rental and twice that if you rent it.
0 votes Thank Flag Link Sat Aug 28, 2010
I have a home in Gulf Shores within 600 yards of the beach with about 1600 to 1700 sq feet of living space. Insurance is $4700.00 this year with taxes running $1250.00 with a homestead exemption. For rental purposes the tax would be twice this amount. Larger homes would have higher taxes and insurance costs.

Hope this helps!

Teresa King
RE/MAX of Gulf Shores
251-269-5011
0 votes Thank Flag Link Sat Aug 28, 2010
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