Quote:
Originally Posted by Schaumburger
...... I was also told by a TV sales agent that an owner's annual property tax bill will not increase from what the owner paid when he/she/they originally purchased the house, assuming they don't change from full time resident to part time resident or vice versa. So if I buy a house in TV tomorrow, and my property tax bill is $3,000 annually at the time of purchase, that $3,000 will be the figure I pay annually for however long I own the house, assuming I don't change from full time resident (homestead exemption) to part time resident (no homestead exemption) or vice versa. Then when I go to sell the house in whatever number of years down the road, the next owner's annual property tax bill will be XX percent of whatever the sale price is.
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To address at least part of your post: The statement the sales agent made is incorrect. It might be worth you circling back around with him/her to follow up further for clarification of their points.
Here's some info that addresses a situation where assessment increases can be capped:
http://www.sumterpa.com/AMENDMENT_10.asp
Also check some of the other links at the left of that web site. Valuable info to be had!
Hope that's of some help!
Bill
