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To: jimwatx

Here is the big Florida ripoff of new comers on property taxes. You buy a house in Florida and you will pay full taxes. While your next door neighbor, in an identical house, might be paying half of that.

Why? Because he bought his house in 2008-2011 when real estate prices were way down in FL. So his house started it tax assessment career at that low base price. From there, by FL law, his taxes can only increase 1-2% maximum per year. Same for you from where you start when you buy in.


37 posted on 06/22/2022 1:12:01 PM PDT by dennisw
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To: dennisw

Actually I’m thinking of buying a 1.1 acre lot from a relative and building, but we’ll see. I’m thinking big lot small house so hopefully whatever it’s assessed at won’t be too bad. Need a bit of room to grow stuff just in case. ;-)


44 posted on 06/22/2022 1:58:03 PM PDT by jimwatx
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