[bowlingal]

Tim, the trim notice is an advance of what will be on your tax bill that comes in the beginning of Nov. DO NOT PAY the trim notice, it is for information only.

[cjky2k]

Originally Posted by Mrmean58

Your last year taxes is part of the notice. My proposed tax bill will go up $800. Insurance up $1000. Auto insurance up $700. I now have a better guess on why several of my neighbors have put their homes on the market during the last 4 months. And all along I thought it was me chasing them off.

My proposed tax bill is down $160 (using proposed budget - down $280 without proposed budget changes). Auto insurance up $48.00 (one car). Homeowners actually down by $7.00 a year. Very happy with this summer’s “housing cost news” (we closed in July so ours all hits at once).

[mntlblok]

Originally Posted by TimTinNewell

Ok, so, I'm new here. Less than a week. What is a 'Trim Notice'? I've never heard of one of those before

Google suggests this. Florida Dept. of Revenue -

Your millage may vary?

Property Tax - T.R.I.M.

[bshuler]

Once you have residence in Florida on January 1, the clock is ticking to register for the Homestead Exemption. Window to register closes March 1. You can’t take a Homestead Exemption if you live in another state. If your AirBnb neighbor took a Homestead it would be illegal.

Best part is this law:
What is the 'Save Our Homes' law? 'Save our Homes' is an amendment to the Florida constitution that took effect in 1995. It limits the annual increase in the assessed value of homesteaded properties to 3% or the change in the National Consumer Price Index (CPI), whichever is less.

[Switter]

Originally Posted by Mrmean58

Your last year taxes is part of the notice. My proposed tax bill will go up $800. Insurance up $1000. Auto insurance up $700. I now have a better guess on why several of my neighbors have put their homes on the market during the last 4 months. And all along I thought it was me chasing them off.

Bummer. I moved into my house last year. it was owned by investment company so I was stuck paying their non-Homestead rates. I filed for the homestead exemption (Marion county) and have been excitedly waiting for the new rate. So it's entirely possible that even with the Homestead exemption my taxes could be going up, lol.

[MrFlorida]

Don't matter, can't fight city hall....

[Tustin714]

Originally Posted by TimTinNewell

Ok, so, I'm new here. Less than a week. What is a 'Trim Notice'? I've never heard of one of those before

I'm new to TRIM notices as well (we bought in March) and though our Notice is about $480 less than what the Sumter County tax assessor shows was paid last November, I have a theory and want to see if I understand this correctly:

This Notice says its for "Ad-Valorem" taxes, while the Bill on the assessor page has a separate group of non-Valorem taxes -- those are then included in the final bill and thus make up the difference?

Also, the amount paid by the prior owners in November is a bit less than the final bill, and I recall hearing there is a discount if you pay early...true?

Thanks.

[Regorp]

Originally Posted by TimTinNewell

Ok, so, I'm new here. Less than a week. What is a 'Trim Notice'? I've never heard of one of those before

Estimate of your tax bill for 2024, coming soon to your mailbox by October. Make sure in January to apply for Homestead discount of $50000 off of your assessment.

[MrFlorida]

Originally Posted by TimTinNewell

Ok, so, I'm new here. Less than a week. What is a 'Trim Notice'? I've never heard of one of those before

It's when they TRIM money from your wallet .

[retiredguy123]

Originally Posted by TimTinNewell

Ok, so, I'm new here. Less than a week. What is a 'Trim Notice'? I've never heard of one of those before

TRIM stands for "Truth in Millage".

[retiredguy123]

Before someone asks, for a personal residence, ad-Valorem "taxes" are tax deductible on your Federal income tax return. Non-ad-Valorem "assessments" are not tax deductible, except for those who cheat on their taxes.

[jrref]

Also remember, every time you make a significant improvement to your home like adding a pool or expanding the bird cage, etc, most of these activities require a permit and the town assessor always follows up after the work is done. Depending on what work you had done, it could significantly increase the value or your home and thus increase the taxes. For those who think they can get away with it by not filing a permit, I've seen the town assessors office driving around taking pictures and other means to see if you made any "improvements" to your home.

[LeRoySmith]

If you happen to be in lake county there's a 550-ish% increase in the North lake hospital portion of the tax notice, only about $450 increase for our house....

[curtmcgee]

Someone here posted that due to higher taxes and insurance his neighbors are selling their homes. Just curious, where are they planning to live?

[Salty Dog]

My total only went up less than $100, but I was surprised that in one year, my Market Value went up 25%. At least the one that counts, the Assessed Value only went up less than 4%.