Cyndee this is vital information - we are lucky that our appraised value does not change with the sale - but with all the growth and appreciation we are seeing I bet it is a matter of time before they try to change that.

Thesa, for people relocating from other areas it's something that they seem to have a hard time grasping. You can imagine with the way beach and waterfront prices have gone up sometimes 4 and 6 times in the last few years - the tax bill of record is WAY LOW! Can you imagine thinking your taxes will be $3600/year and they're $12k, 16k or more - it can cause real problems 

Cyndee - great tax information! It is imperative for homebuyers to know how taxes will affect their payment. Many here in Indianapolis buy a new home, assessed value on land only for the first year to year and a half, then they have sticker shock. Their house payment goes up by $100-300 a month and some find their home on the auction block at the sherriff's sale. Does Florida tax work the same way on new builds?

It's all about educating the client - sounds like the homebuyers in Clearwater have an excellent resource in the knowledge you provide.

Cyndee - BTW- that is a beautiful picture! It color of the water reminds me of the Mediterranean Sea.

It is important as real estate agents that we educate the consumer on this subject. We have the same problem Paula mentioned with new builds as well. Taxes based on land value and we need to make sure the buyer understands that the taxes will be going WAY up. Cyndee as usual your photos are just beautiful.

Paula - that's a great point - we don't have any open land here but I can see how that could have the same effect. It's always great to hear from my favorite real estate agent in Indianapolis, IN

Ashley - you're right - new contruction in Albuquerque, NM would have the same "sticker shock" surprise if they weren't working with a real estate consultant like yourself who could explain what to expect in the short term and long term.   

It's often said people pay real estate agents for what we KNOW - nolt what we DO - this is a perfect case and point and the best part is our services are free to the home buyer - why would anyone want to go it alone?  

Cyndee, this is great information for not only first time home-buyers, but for all types of buyers in Clearwater and Tampa Bay area. We have some what of a different property tax adjustment here in California.

Thanks for stopping by - I hope it will help clear-up the confusion for home and condo buyers in Tampa Bay. 

How do taxes work in California Mana? It would help to know if clients here are planning to head that way...

 

Cyndee...As usual great information.  You always have great pictures too!

Cyndee, excellent information on Clear Water condos and homes. We have something similiar in MI. The municipality can increase taxes when the deed transfers but until then no more than the rate of inflation.

Kim thank you for the kudos and stopping by - love the new tag line :-)

Cyndee~ Thanks! Trying to change some of it!  I may call you again if thats ok?

Missy, Wow, I had no idea - that's great to know. I guess it's been popular around the country but now we're in the middle of trying to overhaul our property taxes - so just when we get this down - everything will be changing. P.S. we spell it Clearwater :-)

Kim - your calls are always welcome - we're all in this together - that's a great way to do business isn't it.

Hi Cyndee,

Did you read Karen George's Blog Why Blog for Points? I'll Tell You Why! ? After reading her blog I thought maybe we can link our sites and help each other's ranking. Also this way if someone here is looking to move to Tampa Bay area they can have easy access to you from my site and vise-versa.

Your blog today has inspired me to write a blog about Ca property taxes and property tax adjustments, I hope you don't mind. 

Cyndee, what a great explanation of property taxes in Clearwater, FL.  Great job! 

In Los Angeles county, property taxes are based on the transfer value and are capped at that amount due to Prop. 13.  Although with real estate prices going through the roof, taxes can be pretty substantial.

Cyndee,

I didn't know Florida taxes worked like that.  Our property values here increase with each new valuation - we had a new valuation this year in our county.  Thanks for the information about Florida. 

Great job Cyndee! Our legislature will be wrapping up new property tax legislation this month, so it will be interesting to see what they decide to change.

Mana - look forward to talking to you soon. We all inspire each other - that's the beauty more info for the consumers. I would be very comfortable referring anyone moving or interested in Camarillo to you - let's talk.

Irina - thanks for stopping by - and explaining how California Property taxes work. I was bragging about you tonight - were your ears burning :-) 

Rita - you can imagine the shock people get if they're not prepared for a big adjustment - especially with the way out waterfront properties increased in value the last 2 years.

Jack - I always appreciate the team support - especially from the Negotiating expert for out home and condo buyers in Clearwater.  

This is great information, although there is heresay about homestead going away.  We'll see when the new tax reforms go into effect.

Ines - yep, who know it may be a whole new ballgame soon - glad to see you - I mailed you a card 2 weeks ago - Did you get it?   

Great post for the general public

Cyndee, bragging?  I like that... and yes, that explains the burning sensation!  :-)

Katrina - thanks for visiting - I hope it will be helpful but as Ines said it may be outdate before long with all the debated changes...we'll see, 

Irina - I was speaking with my coach telling her how great you are doing and bragging on your Featured Posts - 2 if memory serves me correctly :-) Enjoying getting to know you and about you! :-)     

Cyndee, hope the coaching call went well!  I am really very blessed by having met you in this wonderful community!

Thank you Irina - I feel the same about you - we are definitely like minded which makes for the foundation of a great friendship! :-) 

Cyndee, I find it very valuable to look at property tax from a different perspective than our own here in Southern California.  Thanks for sharing the information.

Good "FYI" for all of us to know and share!  Thanks Cyndee!!  NOW...let's see what Governor Crist can REALLY do for us about this rising issue!!

in lee county the tax collector's website has a tax estimator. plug in the new value and it will give you an estimation of taxes with and without homestead.

 

buyers, especially first time homebuyers, who have tax escrows should take a look at what the escrow account was based on. if it's current taxes then they will be short when the taxes come due. 

Cyndee - I have not received anything, where did you send it?  I'll check with my office, they might have miss-filled it in the agents' boxes.

Ines, I mailed it to tha address I found on your website 2 weeks ago today

Darrel - thank you for taking time to visit - I enjoyed getting better acquainted today and look forward to working together - can't wait to learn more about Calif.

Susie - that is the BIG questions - it's either gonna be so much better or so much worse. We'll have to wait and see. I hope the address the "highest and best use" issue and help investors and commercial property owners get some break.

Jay, thanks for stopping by - we have something similar - and it's just amazing how few buyers realize this - another reason you want to work with professional realtors - you don't know what you don't even know to ask:-) 

Cyndee, this is great information for homebuyer to understand!  Thank you for breaking it down and making it real clear and easy to understand.  You rock!

great post!

thanks for teh info!