if Pine Ridge is in Lake County, you may be able to find another home worth $200K from the Lake County Tax Assessor for a tax comparison. Also keep in mind that the current tax assessment for homes in Pine Ridge is based on the unimproved lot value and that you don't see the real property tax until the second year. The Lake County Tax Assessor web site has a property tax estimator which pegs a $200K home w/o homestead exemption in Fruitland Park at $3,600, not $5,000.
Tax Calculator