Property taxes are based on current values as determined by the property appraiser's office.
If the property is purchased as a foreclosure, the current taxes would generally stay with the property unless they are lower than what a traditional sale would trigger for that property,in which case they would be reflective of current market value. In any case all closing obligations such as the tax prorations for the remainder of the year would be based on that current figure.
The county in which the property is purchased has a tax appraiser website that can provide you with the details regarding challenging the taxes once the Trim notices arrive at the end of summer. You are labeled as a buyer in Pembroke Pines, so that would be Broward county and the website is http://www.bcpa.net
; here you can get information regarding the appeal process. Also, if you will be using the propery as your homestead, and it is not currently a homestead property, you will have a further reduction even without an appeal if you apply successfully for homestead prior to the deadline for 2010.
Please remember, all taxes are paid in arrears and based on the profile of the owner of record as of January 1st of ant given year. Then there's the question of portability if you are presently a property owner of a homestead property, you may qualify for portability; infomation also avail on the website.
Finally, the actual way in which taxes on foreclosure and short sale properties continues to be a moving target, meaning that the syetem keeps changing the way in which these properties are handled. I suggest for the most current infomation, you call the appraiser's office for specifics at 954.357.6830.
If you are working with an agent, they shoud be able to provide the direction you need to understand the tax system. If you are not presently working with an agent, please feel free to contact me; my buyer's agent will be happy to assist you in all aslpects of the home buying process.
Loriann M. Harrison
Florida Realty Now
Keller Williams Realty