Quote:
Originally Posted by Bill14564
Where did you get your 85% number.
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I don’t recall. When I first analyzed a retirement budget for Arizona, Nevada and Florida I wanted to quantify property taxes, making an apples to apples comparison. I knew that Nevada assed at 35% of FMV, and derived what Arizona and Florida did. 85% for Florida became my conclusion.
I may be wrong, and Florida assessors do indeed use FMV for their assessed value. I would have to search recent sales and compare the data to the assessed value. Work I have little interest in at this point, of now becoming a Florida homeowner. I will learn of my homes assessed value in early 2026.
Regardless of the veracity of the 85%, the comparison between the locations in my cheatsheet is accurate. One need only scale the $425,000 value, and resulting pre-exemption tax assessment up or down depending on the price of the home being considered for purchase.
Then, add the fixed charges on the tax invoice, like bond, district O&M and fire in unincorporated Sumter and Marion county.