Pamela Booth, Home Buyer in Murray, KY

When property is rented in Florida, who pays property taxes?

Asked by Pamela Booth, Murray, KY Mon Mar 12, 2012

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BEST ANSWER
For residential properties is the owner, for Commercial properties is the tenant

Pedro E Lopez P.A., CDPE
Certified Distressed Property Expert
Cell: 305-726-7138
http://www.PedroLopezRealtor.com
Solving the foreclosure crisis one home owner at a time.
0 votes Thank Flag Link Thu Mar 15, 2012
In Broward county (on residential properties) the owner pays property taxes

With enthusiasm,

Meir Aloni & Team

CRS (Certified Residential Specialist)

CDPE (Certified Distressed Property Expert)

RECS (Real Estate Cyberspace Society)

Successfully selling Broward County since 1986!

Direct phone# 954-338-5220 http://www.WeSellBroward.com

All Star Realty Inc.
0 votes Thank Flag Link Mon Feb 4, 2013
Hello Pamela. While I am not local to your area, your question compelled me to answer. Since you didn't specify, I will consider this a residential rental and NOT a commercial rental. All property taxes are paid by the property owner. With that being said, you just gotta know they owner will be charging a rent that will cover his/her expenses regarding the property in question which will be the rent you pay.

Keep in mind, you should read the lease agreement and don't sign it unless you are clear on all aspects of the lease. Good Luck.
0 votes Thank Flag Link Tue Mar 13, 2012
As already noted, in a residential setting the owner is the person who is legally obligated to pay the property taxes. The owner could, of course, include something in the lease requiring the tenant to pay the equivalent of whatever the property taxes are. And it's certainly possible to include an escalation clause so that, as taxes rise, the tenant pays that increase.

But the county or city in which the property is located will look to the owner of record when collecting property taxes.

Hope that helps.
0 votes Thank Flag Link Tue Mar 13, 2012
Don Tepper, Real Estate Pro in Fairfax, VA
MVP'08
Contact
Hello Pamela,

For residential the owner of the property and for Commercial properties is the Tenant!

Good luck!

Pedro E Lopez P.A., CDPE
Certified Distressed Property Expert
Cell: 305-726-7138
http://www.PedroLopezRealtor.com
Solving the foreclosure crisis one home owner at a time.
0 votes Thank Flag Link Mon Mar 12, 2012
Pamela, like everything about a real estate, who pays property taxes and association dues is negotiable. Normally, with a rental the owner will pay the taxes, but there could be circumstances (like a landlord who lives out of the country) where they may discount the monthly rent, but require the tenant to pay most of what I'll term occupying costs - property taxes, any homeowner's association dues, etc. This would reduce the headaches for a distant landlord, but increase them (slightly) for the tenant. The good part about this for the tenant is that if you're paying the taxes and association dues, there are fewer creditors out there (and if they have paid for the property in cash - there may be none). If such an arrangement was made, clearly the total costs on an annual basis should reflect local norms. Most landlords will hesistate to do this, because if the tenant fails to pay the property taxes, they could have major headaches on bills on their hands.
0 votes Thank Flag Link Mon Mar 12, 2012
Property taxes are the responsibilty of the property owner. If this is not the primary residence there will be no Homestead Exemption.

Regards,
Stefanie Cohen, PA, ABR, SFR
Prudential Florida Realty
Scohen77@aol.com
0 votes Thank Flag Link Mon Mar 12, 2012
Always the owner. He/she is responsible for taxes and will not leave it up the a tenant since he/she may get a lien from county if taxes are not paid. With that said, the owner will probably figure in the cost of the property taxes into the rent being charge that is keeping the rent competitive. Commercial rent is different, the property taxes are pro-rated with all tenants typically called a "net" rent. The net part is taxes, utilities and maintenance of building. For residential it is typical that taxes are included and more than likely tenant will pay for all utilities.
If you need help finding a nice rental let me know via phone, email or text. I'll be happy to help you out. Would need area you want, aproximate amount of money you want to spend and number of bedrooms/bathrooms. Keep in mind that most properties require 3 months rent up front and perhaps a few more dollars plus an application fee. The application process includes criminal background check and credit check. Proof of income is also required.

thank you,
George Beckhart
beckhart@aol.com
786-252-7918
http://gbeckhart.kwrealty.com/
0 votes Thank Flag Link Mon Mar 12, 2012
Property Taxes are the obligation of the homeowner.
0 votes Thank Flag Link Mon Mar 12, 2012
Hi Pamela,

The homeowner is responsible for property taxes whether it is their primary residence or have tenants living in the home.

If you are interested in buying investment properties, go to my website: www:ISeeYouHome.com or you can contact me by calling or texting 954-461-8622.

Warm Regards,

Nilsa M. Maisonet, PA, SFR
REALTOR, Certified, Short Sales & Foreclosures
KELLER WILLIAMS PARTNERS REALTY
email: Nilsa1029@gmail.com
MLS Property Search: http://www.ISeeYouHome.com
0 votes Thank Flag Link Mon Mar 12, 2012
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