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!
|
If you have been in FL for many years, and have homestead, that exemption will port to TV. Depending on your current home, price, tax, your will receive a porportionally valued exemption here. We lived in South FL for 11 kears and moved here in 2011. The current exemption we get is far better than those who moved here from out of state. Our current assesed value vs market value is between 50% and 60%. Make sure you port (if you are selling your current FL home)
The other replies you got will allow you to estimate the bond and base tax of the home....if the bond is not already paid off.