In the past 30 days, owners of residential property in Seminole County , Florida began receiving their tax bill.
Since many of the purchases this year were made by First Time Home Buyers, I thought it might be helpful to explain how property taxes in Seminole County are calculated.
On the tax bill, one will note that it’s broken into non-ad valorem taxes and ad valorem taxes.
According to the Seminole County Tax Collector’s website, the non-ad valorem taxes are charged per unit, rather than on the value of the property and may include fees for services such as road paving and garbage collection. The ad-valorem taxes are those that are based on the value of the real property as assessed by the Seminole County Property Appraiser.
Because most of Seminole County has seen a decrease in the value of the residential property in the past 12 months, it is expected that when tax bills are received, they will be less than the 2009 taxes.
For those who do not have their property taxes withheld into escrow, payments should be made by November 30, 2010 to receive a 4% discount in the fees due.
To know for certain whether your taxes will be paid by your lender (because they are held in escrow as they are being paid by you each month as part of your mortgage payment), it is advisable for owners to contact their lender to verify that the tax bill has been received and to determine when the lender will be paying the amount due.
For “Frequently Asked Questions about Taxes,” I’d encourage you to visit the Seminole County Tax Collector’s website.
For those seeking to sell or purchase a home in Seminole County, Florida, I’d welcome the opportunity to assist you. As a Seminole County resident for more than 35 years, I am passionate about maintaining values and sharing all that this fine County has to offer!