How are taxes figured if the listed number is approx 1300.00 homestead price in Bradenton Florida. Is there?

Asked by Richard, Michigan Thu Jul 3, 2008

a percentage figure based on the original cost of the house/condo? How is the figure reached. and can this info be accesses through local tax auditors online

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3
Maryann Lawl…, Agent, Bradenton, FL
Thu Jul 3, 2008
Richard, I'm not sure I understand your question... are you referring to $1,300 being the current tax amount a homeowner is paying? What a seller is paying in taxes in not really indicative of what a new homeowner will pay. When a buyer purchases a home, the newly assessed value is roughly 85% of purchase price. That taxable/assessed value is then multiplied by the millage rate for the specified area (it differs if the property is within city limits or in the unincorporated county). There are several other factors to consider as well: Will the property be homestead? Is the purchaser a widow/widower? Two helpful websites are http://www.manateepao.com (The Property Appraiser's Office) and http://www.taxcollector.com (The Tax Collector's Office). Please let me know if this answers your question or if I may be of further assistance.
Maryann Lawler
Keller Williams Realty
(941) 586-8257
Web Reference:  http://www.MaryannLawler.com
1 vote
Bill Eckler, Agent, Venice, FL
Sun Jul 6, 2008
Richard,

The previous postings provide accurate information for your question.

Good luck,
The "Eckler team"
0 votes
Karen Wantuck, Agent, Sarasota, FL
Thu Jul 3, 2008
A simple answer to what your taxes will be can be determined by your PURCHASE PRICE. Figure 1.5 % of the price you pay for the property. However, due to the devaluation of property in our area, no one knows for sure yet if the taxes will be based on the depreciated price you pay, or on the price the home is really worth (determined by what other homes/condos in the area are selling at). So there is still some uncertainty. Additionally, your taxes are based on whether or not you Homestead (live there as your primary residence), on your status (are you blind, disabled) because there are additional reductions for such folk.

So as you see no set answer. Basically, though, figure 1.5% of the purchase price as a starter figure.

For more info, on Homestead and other tax benefits, Google "property appraiser for Bradenton" or Sarasota County.
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