Property Q&A in Orlando>Question Details

Divine Debbie, Other/Just Looking in Orlando, FL

How can the property taxes be lowered on this property?

Asked by Divine Debbie, Orlando, FL Fri Feb 13, 2009

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This question is about this property: http://www.trulia.com/homes/Florida/Orlando/sold/4049279-590…

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Answers

3
If you are purchasing this property as your primary residence, you will need to file your homestead exemption. This will reduce the taxable value by $25,000-$50,000 depending on the sale price.

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,
Jacqueline Clarke
Down Payment Assistance Specialist
Enterprise Mortgage Group
Winter Park, FL
Direct: 407-739-3853
Email: jclarke@enterprisemortgagegroup.com
0 votes Thank Flag Link Sun Feb 15, 2009
Hey Honest Abraham,

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 – ePRO – 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
Dave’s Bio http://brokerdave.topproducerwebsite.com/daves-bio-.asp
Web Reference: http://two4oneoforlando.com
0 votes Thank Flag Link Fri Feb 13, 2009
You can request reassessment if you pay substantially less as a result of a bank owned sale etc. The property should be re-assessed at fair market value.
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Kind regards,

Marcus Burke PhD, GRI
Broker: Orlando Real Estate Pros
Condo Metropolis LLC
Licensed Real Estate Brokerage

Condo Website: http://www.CondoMetropolis.com
Blog: http://www.CondoMetropolis.com/blog

Homes Website: http://www.OrlandoRealEstatePros.com

Telephone / Fax: 407-290-3408.
0 votes Thank Flag Link Fri Feb 13, 2009
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