Wednesday, August 05, 2020
Featured properties: See ALL
LAND O LAKES, FL
LAND O LAKES, FL
WESLEY CHAPEL, FL
Newest listings
MLS# U8012507
Under Construction. Each residence is an end unit, designed to showcase gorgeous water views. Limited to just 7 luxury residences, Palazzo del Sol offers the carefree lifestyle of condominium living with the privacy and feeling of a single family...
Visit this property in INDIAN SHORES:
18800 GULF BLVD #201, INDIAN SHORES
MLS# U8027795
This exclusive top floor elegant residence in Tierra Verde offers spectacular views of the Pass-a-Grille channel with open bridge free access and view to the gulf. A large dry bar off one of the western waterview balconies provides seating and...
Visit this property in TIERRA VERDE:
330 8TH AVE N #6, TIERRA VERDE
MLS# U7839049
Presenting Beautiful Captivating views of the Gulf of Mexico, wonderful sunsets and pristine views of North Clearwater Beach. Sliding doors from the living areas lead to open covered wrap around terrance with panoramic views. This 4 th floor condo...
Visit this property in CLEARWATER BEACH:
15 SOMERSET ST #4-A, CLEARWATER BEACH
MLS# T3138535
Enjoy flexible luxury for the fortunate few. EXTREMELY RARE to find the flexibility of BOTH. This large 3/3 en suite layout is perfect for vacationers who want space in a Brand new luxuriously appointed condo which is one block from the most...
Visit this property in MADEIRA BEACH:
15305 1ST ST E #P2, MADEIRA BEACH
How Much are my Taxes?
As a rule of thumb, your tax is roughly 2% of your purchase price. If the purchase price of the property is $200K the tax is roughly $4K a year.
The actual calculation for yearly property tax is the assessed value of the property multiplied by the millage rate minus any homestead exemption. A "Mill Rate" is the amount of tax paid per dollar of the assessed property value. In the Tampa Bay area mill rates vary anywhere from 16 mills to 24 mills.
Your tax will be based on the assessed property value after you purchase the property.
What is Homestead Exemption?
Homestead exemption is a Florida constitutional benefit of up to a $50,000 to be deducted from the market value of a primary / permanent residence. Another great benefit of homestead exemption: after receiving the homestead exemption the first year, any annual increase in the assessed value is capped at the lower of 3% or the percentage increase in the Consumer Price Index (CPI), with certain exceptions. Find out more on your county's Appraiser site:
Hillsborough County Property Appraiser
Pasco County Property Appraiser
Pinellas County Property Appraiser
The Home Buying Process:
- The Simple Steps to Buying a Home
- Importance of Getting a Pre-Approval ahead of time
- Finding the Right Home
- Things to watch out for when Financing your Home
- Tips on Writing an Offer
- Importance of a Home Inspection
- What is included in Closing Costs?
Types of Resale in Today's Market:
Taxes, CDD, HOA, and Homestead:
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