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How much are the taxes on this home in Treasure Island ?

By
Real Estate Broker/Owner with South Beaches Real Estate Professionals BK 652174

How much are the taxes on this home in Treasure Island ?

Well, right now the owner is paying $7349 per year BUT please do not assume that it will be the same for you. Every summer the taxes in Pinellas County are reassessed. The property appraiser uses comparable sales from the year before to figure out the value of your home. It might be the same, it might be higher or lower. For now let's just go with my "Rule of thumb" which is about $1700 per one hundred thousand sales price. Once you have picked out a home we can call the Pinellas county property appraiser with the address of your home and they give you a very accurate estimate of the taxes. Florida is a homestead state and if people have had their house for 10 something years your property taxes on the same house will most likely be higher. I know it is confusing but if you can claim homestead your property values are caped, for tax purposes they can never go up more than 3 % per year and you do not have to pay taxes on the first $50,000 of the assest value. You can find more detailed information and answers to all your questions on the Pinellas county property appraiser's website. Go to http://www.pcpao.org

How much are the taxes on this home in Treasure Island ?