Former Floridian looking to retire to The Villages; familiar with all the "Florida Issues". Opinion on pricing/insurance/taxes pls.

Asked by daphne.leibowitz, Port Charlotte, FL Sat Jun 29, 2013

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Web reference:


lopphile, Home Buyer, Port Charlotte, FL
Thu Aug 15, 2013
Kessel Holdings LLC

0 votes
Tammy Hayes, Agent, Port Charlotte, FL
Sat Jun 29, 2013
Homeowner insurance – Insurance rates vary by age of home, size of home,
conditions of home, and location of home. Insurance is more expensive if you live
near any type of water – pond, lake, river, Gulf. Insurance is more expensive if
home was not built to current hurricane standards. You can get discounts the home
qualifies for by having a wind mitigation inspection done at the same time as your
home inspection. Discounts are available for building features that reduce damage
during high wind events. Overall discounts include things such as age of home, style
of roof, how close the home is to a body of water, how close to a fire hydrant, how
the roof is tied down, if the home has hurricane shutters or impact resistant
windows, frame or block home, etc. If the home is in a flood zone, the insurance
company will require a flood elevation certificate. That can be obtained by paying a
survey company to prepare it. To check Flood Zones go to and
type in the address of the property. It will give you the flood zone, rates, and
insurance companies.

Homestead exemption – The state of Florida has individual and family
exemptions. The most common exemption that people qualify for is the homestead
exemption. Every person who owns and resides on real property in Florida on
January 1 and makes the property his or her permanent residence is eligible to
receive a homestead exemption up to $50,000. To see a list of exemptions go to the
Florida Department of Revenue web site at

Property Taxes – A home buyer should not rely on the seller's current property
taxes as the amount of property taxes that the buyer may be obligated to pay in the
year subsequent to purchase. A change of ownership or property improvements
triggers reassessment of the property that could result in higher property taxes. If
you have any questions concerning valuation, contact the county property appraiser's
office for information. The home you are interested in purchasing may be
homestead. Homesteading caps the tax assessments on the home during
ownership. MLS records do not necessarily reflect current tax assessments. To apply
for homestead or to read through answers to frequently asked questions, visit the
Charlotte County Property Appraiser web site at

Why are you asking in Port Charlotte if you are looking to move to the Villages? The Villages is about 3 hours from here. If I can help with anything or answer any other questions, please let me know.

Tammy Hayes, Realtor
RE/MAX Palm Realty
0 votes
Tammy, I'm in Atlanta, not Pt. Charlotte. Apparently technology failed here. Thx for your time, it was still valuable.
Flag Sat Jun 29, 2013
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