taxes in florida: What Will Be My Tax? - 01/29/11 03:59 PM
The email read: "Could you explain how much would it cost me in taxes if I buy a condo in the Links? I heard that Florida has very high taxes."
You often hear that we have high property taxes in Florida. There is no simple answer here. First, your taxes and Seller’s taxes may be not the same. Taxes are being assessed every year, and they will be based on the purchase price and many other parameters, so I won’t be able to predict the exact amount of taxes.
But we sure can guess, and will be pretty close in our … (16 comments)

taxes in florida: Taxes in Plaza Resort & Spa, a Premier Daytona Beach Condo-Hotel - 01/28/10 07:44 AM
Below is the e-mail that I have received from a gentleman buying an oceanview unit for $45,000 in Plaza Resort & Spa in Daytona Beach. I thought the question could be of interest to anyone buying a condo-hotel (and not only a condo-hotel) in Daytona Beach area.
What is the tax rate. Are the units at the Plaza taxed on what you pay for them ...or a higher amount. What do you think unit xxxx will be taxed at if it sells. What is it currently taxed at?
Though what you paid for a property in Florida significantly affects your tax, it is … (1 comments)

taxes in florida: Florida's "Save Our Homes "Cap - 01/03/10 03:47 PM
The Amendment to Florida Constitution in 1992 limited the annual increase in the assessed value of the properties receiving homestead exemption to either 3% of the CPI (Consumer Price Index), whichever is lower. It is called "Save Our Homes" (SOH).
It does not limit property taxes, it just caps the the increase to the assessed value.
Every Florida Resident, who owns a primary residence and has homestead exemption, qualifies for SOH cap. Interestingly enough, if a homeowner owns an adjacent vacant lot, at his request it can also be covered by SOH cap.
There are cases of partial homestead, where either … (1 comments)

taxes in florida: I Am Moving To Daytona Beach. Is it True That There Is No Income Tax? - 12/21/09 04:41 PM
This is the question I got in the e-mail. Is it true that there is no income tax to state residents in the State of Florida?Yes, this is true. But it does not mean that you take home everything you earn. For example, if you make $36,000 a year, it does not mean that your monthly take home income is $3,000.
Uncle Sam will still tax you and your Federal Income Tax will still apply. However, you will not have State and Local income tax like you have in New York.
Major taxes collected in Florida include sales and use tax, intangible … (10 comments)

Jon Zolsky, Daytona Beach, FL, Buy Daytona condos for heavenly good prices (Daytona Condo Realty, 386-405-4408) Ambassador large

Jon Zolsky, Daytona Beach, FL

Buy Daytona condos for heavenly good prices

Daytona Beach, FL

More about me…

Daytona Condo Realty, 386-405-4408

Address: 119 S Palmetto Ave., Suite 231, Daytona Beach, FL, 32114

Office: (386) 255-5355

Mobile: (386) 405-4408

Email Me




RSS 2.0 Feed for this blog