[stargirl]

Did anyone else’s “market value” go down? Ours went down $20,000. I don’t see how that could even be possible in this real estate market. (We live in Tall Trees) Assessed value didn’t go down because they took the difference from our save our homes benefit.

[EdFNJ]

Originally Posted by stargirl

Did anyone else’s “market value” go down? Ours went down $20,000. I don’t see how that could even be possible in this real estate market. (We live in Tall Trees) Assessed value didn’t go down because they took the difference from our save our homes benefit.

Are you sure you aren't accidentally looking at market value vs. assessed value?

[EdFNJ]

Originally Posted by kappy

how is that relative?

lol ... welcome to the internet.

[stargirl]

Originally Posted by EdFNJ

Are you sure you aren't accidentally looking at market value vs. assessed value?

No I’m not “accidentally” looking at market value vs assessed value. Back to my original question, has anyone else’s market value gone down?

[Bill14564]

Originally Posted by stargirl

Did anyone else’s “market value” go down? Ours went down $20,000. I don’t see how that could even be possible in this real estate market. (We live in Tall Trees) Assessed value didn’t go down because they took the difference from our save our homes benefit.

Ours did also, along with assessed value. Agree, not sure why that happened in this market, but not planning to sell anytime soon so I'll take the tax break.

[DonnaNi4os]

Originally Posted by kappy

How is that relative?

Having come from NJ where I paid 8K a year for a one bedroom condo plus $325 amenity fee with no pool, gym, or tennis courts, I totally understand what he’s saying. We will be long dead before the taxes and fees would ever catch up with what we paid up north.

[Spalumbos62]

Originally Posted by kappy

How is that relative?

I think the comment is very relative..especially to that person. There is a saying..."if you don't have something nice to say, then say nothing"....now THAT is relative.

[crash]

Originally Posted by EdFNJ

Got it today ... seems earlier than usual.

Assessed value up about 2% and taxes down ~$30bucks from last year.

They can only increase your assessed value by 2% each year no matter what your home value really goes up to. When you sell the new owner will get a new assessment to the current value.

[Bill14564]

Originally Posted by crash

They can only increase your assessed value by 2% each year no matter what your home value really goes up to. When you sell the new owner will get a new assessment to the current value.

I believe it is 3% or the change in CPI whichever is less. From the Save Our Homes information on the Florida Revenue page, the CPI increase was 1.4% as of January (about 2%)

[milling73]

While our property taxes went down $50, our home insurance went up $500.
Neither amount can be justified, or even explained. Random numbers added/subtracted at a whim because they can.

[Velvet]

Originally Posted by M2inOR

Looked ours up online. 2021 estimate for taxes is lower by about $70, too.

We are Sumter County, in Village of Marsh Bend.

As to the other comment about taxes... In our Oregon home of nearly 40 years, taxes never went down, except for the one year I challenged them in the 80s. And overall, the taxes were much, much higher than here when looking at the rate per $1K if assessed value. Oregonians voted for a property tax limitation that limited value
assessments to 3% per year, and the county/state did increase our taxes each year, plus any additional that the voters approved for special assessments and bonds each year.

I can't recall any year they went down, except for when I challenged the value assessment one year.

Overall, my Florida experience has been much better. Tomorrow will be our 2 year anniversary of buying our home here.

How did you look it up online? I just get last year’s bill I’m in Sumter county.

[M2inOR]

http://www.sumterpa. com

[Aces4]

Originally Posted by DonnaNi4os

Having come from NJ where I paid 8K a year for a one bedroom condo plus $325 amenity fee with no pool, gym, or tennis courts, I totally understand what he’s saying. We will be long dead before the taxes and fees would ever catch up with what we paid up north.

Probably should clarify that statement with: “what we paid in the northeast”.

[DaleDivine]

Originally Posted by EdFNJ

AFAIAC they could raise my taxes 10% every year and I'd be pushing up daisies before it catches up to what I paid up north!

[DaleDivine]

Originally Posted by stargirl

No I’m not “accidentally” looking at market value vs assessed value. Back to my original question, has anyone else’s market value gone down?

My Market Value went down a little over $3000...