Manatee assessed tax value on house in River Club: 2010 tax assessment is 30% less than 2009's. Has the house's value depreciated that

Asked by Dm Brown, 38852 Mon Aug 16, 2010

much in 1yr? Are tax assessments an indication of a property's true real value?

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Michael Mess…, , Lakewood Ranch, FL
Fri Oct 22, 2010
Dm Brown,

It depends. If the home was purchased in 06' and it was owner occupied, it would be covered by our Save Our Homes real estate tax policy. That means the tax assessed value will not rise or fall over 3% per year. If that same home was sold in 2009, the home is reassessed at thecurrent market values and that could be the reason for the 30% drop. As a home owner in the area....I hope this is the case:0

Mike Messineo
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