Re: Property Tax Vote
Pili, look at it this way (and I'm going to make these number up -- no reality intended). You look at a resale home priced at $350,000. You see that the owners last year property taxes were $1234.00. :2cool: You do not know that the Save Our Homes (SOH) rule, with or without portability, has capped the assessed value of that home at $150,000 minus $50K in homestead. You buy and the new assessed value is $350K less the $50K. :yikes: Your taxes are triple the previous owner's, and likely that of a lot of your neighbors. :yikes: Oh, and the same day you buy, a guy from Miami buys an identical house across the street. He has massive SOH credit built up, so your taxes dwarf his as well. :yikes:
Everyone (fulltime residents) get the homestead exemption but SOH takes time to affect the taxes.
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Kansas City, MO; Alamo & Albuquerque NM; Quad Cities; St Louis; DC ~ NOVA; Nuernberg; Heidelberg; DC ~ NOVA; Liberty Park ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Life is like a sewer. What you get out of it depends upon what you put into it.
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