Question: What are the Annual Property Taxes on this House?
This is a very common question that home buyers frequently ask. One important thing to remember is that the amount of Florida property taxes that a new owner will pay will differ from what the seller is paying.
While this answer is specific to this particular property in the amounts, it also addresses the question in more general terms.
Question: What are the annual property taxes on this house?
Answer: The property taxes and Non ad valorem assessments for this particular property in 2010 were $4,395. Please see attached excerpt of the property records.
The property is assessed at $313,456 and the owners are claiming the Florida Homestead Exemption which reduces the taxable amount.
Please click on Florida Homestead Exemption for more information.
In Florida, properties are newly assessed every January based on previous years sales data. The millage rate is set in August/September of each year.
Both factors can change, therefore the tax amount will most likely change as well.
A buyer should not rely on the sellers current property tax amount as the amount of property taxes that the buyer may be obligated to pay in the year subsequent to the purchase of the home.
If you have any questions regarding the property valuation for taxing purposes, please do contact the Hernando County Property Appraiser's office or the appropriate office in the county you are moving to.
What are the Annual Property Taxes on this House?
Click on the links for answers to other questions that are commonly asked:
What are the pet restrictions in Timber Pines?
What are the Annual Property Taxes on this House?
Comments(4)