Quote:
Originally Posted by 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!
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You could buy a house where the bond has been paid off, a pre-owned home. There are lots of them. The price range you stated they will be custom homes, possibly on a golf course. They might even have mature trees on the lot.