Taxes in Florida are based on the JUST market value (or the county's perception of the property's value) - which, thankfully, is generally lower than the ACTUAL market value (which is what people ACTUALLY pay for their homes.) On this particular property, the taxes appear to be very high compared to the sale price because the property is very inexpensive.
Currently, the county property appraiser values this property at $49,100 - which explains the taxes, paid in arrears and on an annual basis. The current owner purchased this property for $203,600 in 2006. That makes the $10,000 look like an incredible value - but then again, the buyer determines the value, not the seller.
Unfortunately this property has been withdrawn from the market. There are still plenty of great waterfront properties available - if you'd like to talk about them, or if you have additional property tax questions, I'd love to answer them for you.
Re/Max Alliance Group
2000 Webber Street
Sarasota, FL 34239