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Property taxes
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Zillow information is not always accurate. People like you and I can enter our own info and sometimes people are inaccurate or deliberate with changing info.
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It's all public record. Here's the tax collector's web site
TaxSys - Sumter County Tax Collector And, how much did they pay for it? Look here: Sumter County Property Appraiser |
why would it even matter to anyone what their neighbor pays for property taxes...
adopt a shelter dog if you need something to do |
They maybe homestead approximately 1000 dollars less on a 200k house
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Homestead
We bought our house 4 years ago as a vacation/rental home but have now moved into the house permanently as of May of this year. We have been paying out of county owner taxes since the purchase in 2014. We will be claiming homestead exemption in January. How much can we expect our taxes to go down? Is there a certain percent or amount that they should decrease by our claiming homestead?
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Did they pay off their bond? That is part of the tax bill
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Zillow is notorious for mis information. A better place to look is public records if you must .
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You didn't say which county you are in (Sumter, Lake, or Marion). I can only comment on Sumter. At a minimum, I would expect you to see a $50K homestead exemption on the County Tax and a $25K exemption on the School Tax. At the current millage rates that should amount to about $450 per year less total tax. You may have other exemptions. Once homesteaded, there is also a cap on how much your assessed value can rise each year. Someone in the County tax office can provide you with a better estimate.
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I purchased in 2017 and my taxes have gone up over $500. House is reassessed on new purchase price. Don’t know if this fact applies to you and your neighbors
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40% of your tax is deleted, really? How do you do that? I only get a $5000 exemption because a service contacted disability that's 40%.
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There is also portability in Florida. It's part of the SOH. I moved from South Florida and was able to "port" my rate to my new house.
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