property taxes look low. How often are properties assessed?

Asked by Pete, Connecticut Sun Jan 4, 2009

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Alma Kee, Agent, Tampa, FL
Mon Jan 5, 2009
Dear Pete,

Good catch... if you're working with a Realtor, she should have informed you of this.... Never, ever look at what the "current owners" pay for property tax. Florida has a "Save Our Homes" property tax benefit for "homesteaded" property. The longer a person has owned a "homesteaded" property, the lower the property tax--generally speaking.

Go to the property tax collector's website to estimate what your taxes will be:

If you're not already working with a Realtor, go get one now and expect loyalty and give loyalty in return!

Hope this helps.

Alma Rose Kee, P.A.
Charles Rutenberg Realty, Inc.
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David Chambe…, , Saint Petersburg, FL
Sun Jan 4, 2009
Also, when you purchase the home taxes will be re-assessed. You should check the millage in the city for an estimate of what taxes will be when sold. Don't base your decision on the current taxes you must base it about what the taxes will be.
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., , Clearwater Beach, FL
Sun Jan 4, 2009
If the property was homesteaded many years ago the taxes could be very low. Properties are assessed every year but homesteaded properties are limited to an increase of 3% or the cost of living index. If you are not a Florida resident the annual increase is limited to 10%. With values declining tax values are going down as well.

Martha Vasquez
Realty Resources
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