Can't they reassess whenever they want, in NJ they reassess on a regular basis, you don't have to sell your home. I think that the cost of living is catching up with these areas that have a high risk of home damage. In NJ we pay very high car insurance rates because the chances of an accident or having your car stolen are higher. In Florida you don't pay high car insurance rates because that is not the case. You should pay higher homeowner rates because the chance of your house blowing away is greater. I think the conspiracy theory that your local government is chomping at the bit to move you out of your house to get $500 more a year are a little far fetched. If the local government needs more money they will find a way to raise your taxes. From what I hear Florida is a very inexpensive state to live in, that's why allot of New Yorkers retire there, or at least have summer homes there. I think if you have a home in a high risk area you should pay for it not the people who choose not to live there.
It was 500 more a MONTH in taxes.
They reassess every three years, but tax costs can only go up 3 percent a year.
As far as car insurance, don't know...I think our car insurance is pretty high. Florida is ranked 18th and it looks like the difference between NJ and Florida is only about $400.
http://moneycentral.msn.com/content/Insurance/Insureyourcar/P88635.asp