[Mom222]

We've been checking out open houses in TV for several years but only recently actually met with a salesperson.

We're considering building a new house in the 500K range. The salesperson said (or hopefully I misunderstood) that the annual cost of property taxes + bond is 2-2.5% of the home's value. So this would be up to about $12,500 per year.

We have lived in FL for decades. Our current home is worth about the same amount and our taxes are 4K per year. (I don't know how/if homestead exemptions, save our homes transfer).

So I was expecting taxes to be about 5K per year which would mean the bond could be 7K or more per year--- or about $600 per month.

Is the bond really about $600 per month? Does this seem about accurate? Are property taxes a lot more than 5K per year. Does the total amount seem pretty accurate?

I'm disappointed if it is as that is a large monthly expense.

Thank you!