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Originally Posted by pili
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Why are you saying people moving to TV or any part in Florida for that matter will be surprised that their taxes are higher since cap and homestead will not there? I thought as long as you established residence the homestead excemption was available.
Pili
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Homestead gets removed for the first year and Homestead is not the only exemption there is in this state. Buying, you don't see the cap on the tax bill. All you see is taxable value and the mill rate. Most outsiders think they will pay the same tax.
Ask members of TOTV who have bought a 3-5 year old resale coming from out of state - where they surprised when they got the new tax bill? Bet you they all were.
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