In the state of Florida during the years 2003 to 2005, the median price of a single family homes rose more about 58%. This increase has caused property taxes to rise significantly for non-homesteaded properties. A little addressed issue has been - the buyers of real estate could be in a position to claim million of dollars from sellers.
For the number of buyers impacted and how many million of dollars are available of buyers to claim, as well as complete discussion of this issue can be found on Naples Florida Real Estate blog.
Other states that could be impacted are Alabama, Arizona, Florida, Idaho, Illinois, North Carolina, North Dakota, Ohio, Texas, or another state where real estate taxes are collected "in arrears".
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