Clearwater Florida Homes Condos Real Estate

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Clearwater Real Estate Agent explains Save our Homes

Save our Homes explained by Cyndee Haydon, Realtor ~ Clearwater, Florida

clearwater beach florida waterfront real estate 

When working with First-time home buyers and families moving and relocating to Clearwater, Clearwater Beach and the Tampa Bay area they usually have lots of questions about how Save or Homes and local property taxes works. Here's some info I hope you'll find helpful...

Back in January 1995 the Florida Constitution was amended to create a cap on rising property values which are used to calculate our Florida property taxes on homes and condos. This amendment now limits annual increases of the assessed property value to 3% or to the Consumer Price Index, whichever is lower.  It's important to note that this cap is applied ONLY to the property value - not the property taxes. Property taxes could actually rise more than 3% depending on your city or towns approved budget.

When a property such as a home or condo is sold any existing property value cap and exemption are removed at the end of that calendar year. Then the property taxes are calculated on the full market value called Just Market Value. ..So, if a property owner applies for and receives Homestead Exemption for 2007, the Assessed Value will be capped in 2008. The Biggest Mistake we see Home and condo Buyers make is... (Read more)

 

Thinking of buying or selling Clearwater Florida Real Estate?  Remember, in these changing times having a real estate agent (or 2 in our case) working for you is a real asset! We make sure our condo, town home, villa  and home buyers in Tampa Bay get great deals. We'd love to talk to you about how we can help you find the perfect  property - home, town home, villa or condo at the perfect price.

Tampa Bay MLS Search  shows all the homes, town homes, villas and condos for sale by all real estate agents in the Tampa Bay area. With us there's never any pressure - just consulting, educating, working to be your real estate consultant for life. Want proof -  read our client testimonials to see what they have to say.  Cyndee & Jack Haydon specializing in Sandbars to Sunsets 

Serving Clearwater, Clearwater Beach, Sand Key, Island Estates, Largo, St Petersburg, Safety Harbor, Dunedin, Tierra Verde and the surrounding Tampa Bay area.  Helping with Relocations ~ Waterfront ~ Homes for Sale~ Condos for Sale ~ Townhomes for Sale ~ Villas for Sale~ Luxury Estates

Courtesy of Sandbars to Sunsets, all information and photos are the property of Cyndee & Jack Haydon,Realtors copyright 2007.

Comment balloon 43 commentsCyndee Haydon • June 06 2007 12:36PM

Comments

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.
Posted by Thesa Chambers, Principal Broker - Licensed in Oregon (Fred Real Estate Group) about 11 years ago
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 
Posted by Cyndee Haydon, 727-710-8035 Clearwater, Beach Short Sales Luxury Condos &Homes (Charles Rutenberg Realty) about 11 years ago

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.

Posted by Paula Henry, Realtor - Indianapolis Real Estate - 317-605-4174 (Home to Indy Team @ HomeSmart Realty Group) about 11 years ago
Cyndee - BTW- that is a beautiful picture! It color of the water reminds me of the Mediterranean Sea.
Posted by Paula Henry, Realtor - Indianapolis Real Estate - 317-605-4174 (Home to Indy Team @ HomeSmart Realty Group) about 11 years ago
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.
Posted by Ashley Drake Gephart (Drake Intel Group) about 11 years ago
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
Posted by Cyndee Haydon, 727-710-8035 Clearwater, Beach Short Sales Luxury Condos &Homes (Charles Rutenberg Realty) about 11 years ago
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.   
Posted by Cyndee Haydon, 727-710-8035 Clearwater, Beach Short Sales Luxury Condos &Homes (Charles Rutenberg Realty) about 11 years ago
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?  
Posted by Cyndee Haydon, 727-710-8035 Clearwater, Beach Short Sales Luxury Condos &Homes (Charles Rutenberg Realty) about 11 years ago

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.

Posted by Mana Tulberg, Real Estate Agent - Camarillo CA (805 County Real Estate) about 11 years ago

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...

 

Posted by Cyndee Haydon, 727-710-8035 Clearwater, Beach Short Sales Luxury Condos &Homes (Charles Rutenberg Realty) about 11 years ago
Cyndee...As usual great information.  You always have great pictures too!
Posted by Kim Murphy, Mortgage Loans in DuPage, Kane, Cook, Lake, Will C (Draper and Kramer) about 11 years ago
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.
Posted by Missy Caulk, Savvy Realtor - Ann Arbor Real Estate (Missy Caulk TEAM) about 11 years ago
Kim thank you for the kudos and stopping by - love the new tag line :-)
Posted by Cyndee Haydon, 727-710-8035 Clearwater, Beach Short Sales Luxury Condos &Homes (Charles Rutenberg Realty) about 11 years ago
Cyndee~ Thanks! Trying to change some of it!  I may call you again if thats ok?
Posted by Kim Murphy, Mortgage Loans in DuPage, Kane, Cook, Lake, Will C (Draper and Kramer) about 11 years ago
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 :-)
Posted by Cyndee Haydon, 727-710-8035 Clearwater, Beach Short Sales Luxury Condos &Homes (Charles Rutenberg Realty) about 11 years ago
Kim - your calls are always welcome - we're all in this together - that's a great way to do business isn't it.
Posted by Cyndee Haydon, 727-710-8035 Clearwater, Beach Short Sales Luxury Condos &Homes (Charles Rutenberg Realty) about 11 years ago

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. 

Posted by Mana Tulberg, Real Estate Agent - Camarillo CA (805 County Real Estate) about 11 years ago

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.

Posted by Irina Netchaev, Pasadena CA Real Estate (Pasadena Views Real Estate Team, Inc.) about 11 years ago

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. 

Posted by Rita Taylor, Sanford NC Real Estate - Homes for Sale in Sanford North Carolina (None) about 11 years ago
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.
Posted by Jack Haydon, Clearwater Beach Condos - Real Estate Homes for Sale (Charles Rutenberg Realty) about 11 years ago
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.
Posted by Cyndee Haydon, 727-710-8035 Clearwater, Beach Short Sales Luxury Condos &Homes (Charles Rutenberg Realty) about 11 years ago
Irina - thanks for stopping by - and explaining how California Property taxes work. I was bragging about you tonight - were your ears burning :-) 
Posted by Cyndee Haydon, 727-710-8035 Clearwater, Beach Short Sales Luxury Condos &Homes (Charles Rutenberg Realty) about 11 years ago
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.
Posted by Cyndee Haydon, 727-710-8035 Clearwater, Beach Short Sales Luxury Condos &Homes (Charles Rutenberg Realty) about 11 years ago
Jack - I always appreciate the team support - especially from the Negotiating expert for out home and condo buyers in Clearwater.  
Posted by Cyndee Haydon, 727-710-8035 Clearwater, Beach Short Sales Luxury Condos &Homes (Charles Rutenberg Realty) about 11 years ago
This is great information, although there is heresay about homestead going away.  We'll see when the new tax reforms go into effect.
Posted by Rick & Ines - Miami Beach Real Estate (Majestic Properties) about 11 years ago
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?   
Posted by Cyndee Haydon, 727-710-8035 Clearwater, Beach Short Sales Luxury Condos &Homes (Charles Rutenberg Realty) about 11 years ago
Great post for the general public
Posted by Katrina Madewell, Tampa FL Homes for sale | Tampa Bay - (813) 777-1196 (Charles Rutenberg Rlty- More than 5,000 agents(813) 777-1196) about 11 years ago
Cyndee, bragging?  I like that... and yes, that explains the burning sensation!  :-)
Posted by Irina Netchaev, Pasadena CA Real Estate (Pasadena Views Real Estate Team, Inc.) about 11 years ago
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, 
Posted by Cyndee Haydon, 727-710-8035 Clearwater, Beach Short Sales Luxury Condos &Homes (Charles Rutenberg Realty) about 11 years ago
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! :-)     
Posted by Cyndee Haydon, 727-710-8035 Clearwater, Beach Short Sales Luxury Condos &Homes (Charles Rutenberg Realty) about 11 years ago
Cyndee, hope the coaching call went well!  I am really very blessed by having met you in this wonderful community!
Posted by Irina Netchaev, Pasadena CA Real Estate (Pasadena Views Real Estate Team, Inc.) about 11 years ago
Thank you Irina - I feel the same about you - we are definitely like minded which makes for the foundation of a great friendship! :-) 
Posted by Cyndee Haydon, 727-710-8035 Clearwater, Beach Short Sales Luxury Condos &Homes (Charles Rutenberg Realty) about 11 years ago
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.
Posted by Darrel Quebedeaux (Evergreen Realty & Associates Inc.) about 11 years ago
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!!
Posted by Susie Roscoe, Real Estate Specialist | Brandon, FL (Signature Realty Associates) about 11 years ago

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. 

Posted by Jay Beckingham, "I love first time homebuyers" (Fairway Independent Mortgage Company) about 11 years ago
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.
Posted by Rick & Ines - Miami Beach Real Estate (Majestic Properties) about 11 years ago
Ines, I mailed it to tha address I found on your website 2 weeks ago today
Posted by Cyndee Haydon, 727-710-8035 Clearwater, Beach Short Sales Luxury Condos &Homes (Charles Rutenberg Realty) about 11 years ago
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.
Posted by Cyndee Haydon, 727-710-8035 Clearwater, Beach Short Sales Luxury Condos &Homes (Charles Rutenberg Realty) about 11 years ago
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.
Posted by Cyndee Haydon, 727-710-8035 Clearwater, Beach Short Sales Luxury Condos &Homes (Charles Rutenberg Realty) about 11 years ago
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:-) 
Posted by Cyndee Haydon, 727-710-8035 Clearwater, Beach Short Sales Luxury Condos &Homes (Charles Rutenberg Realty) about 11 years ago
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!
Posted by Leah Ross, Tampa, Florida Mortgage (Your Tampa Bay Mortgage Source) about 11 years ago

great post!

thanks for teh info!

Posted by David A. Podgursky PA, THE PODGURSKY GROUP - Make the Right Move! (THE PODGURSKY GROUP @ Re/Max Direct) about 11 years ago

Hello Cyndee ,another excellent blog spot here.This will give another big opportunity for the homebuyers to have a broader understanding.You're definitely a well experienced and dedicated Clearwater Beach Short Sale Agent.

 
Posted by Katerina Gasset, Get It Done For Me Virtual Services (Get It Done For Me Virtual Services ) almost 6 years ago

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