In addition, the property will be reassessed based on the new sale price as long as it is less than the previous sale price. Both of these actions should result in lower taxes for the property.
You can use the tax estimator on the property appraiser's website to get an estimated range of the future property tax based on the new sale price and whether you can file for a homestead exemption.
Best of Luck,
Down Payment Assistance Specialist
Enterprise Mortgage Group
Winter Park, FL
Here is the Orange County Property Appraiser website with contact information: http://www.ocpafl.org/ give them a ring and get the information direct from the source.
Ask them if a property is sold at a lower price than appraised will they reassess and when can it be done.
Dave Lowe, broker
GRI â€“ ePRO â€“ GREEN (Designations) http://brokerdave.topproducerwebsite.com/daves-designations.asp
Two4One of Orlando (Orlando Website) http://two4oneoforlando.com/
Two4One.com (Corporate Website) http://two4one.com/
Customer Testimonies http://brokerdave.topproducerwebsite.com/customer-testimonial.asp
Daveâ€™s Bio http://brokerdave.topproducerwebsite.com/daves-bio-.asp
Marcus Burke PhD, GRI
Broker: Orlando Real Estate Pros
Condo Metropolis LLC
Licensed Real Estate Brokerage
Condo Website: http://www.CondoMetropolis.com
Homes Website: http://www.OrlandoRealEstatePros.com
Telephone / Fax: 407-290-3408.