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