Archive for the ‘Hillsborough Property Tax’ Category

So the Truth In Millage (TRIM) notices are arriving and many are surprised to see that their property taxes did not go down, especially for homesteaded property. Back in January, when Amendment 1 was being hotly debated, I equated my possible tax reduction to that of the cost of a few trips to Publix (wow). [...]

Did you know that buyers of residential real estate in Florida are required to have presented to them a property tax disclosure? The purpose of the disclosure is to inform prospective buyers that what the current property owner pays in taxes, may not be an accurate reflection of what will be paid by the new [...]

We voted for it-now take advantage of it!
PROPERTY TAX PORTABILITY
Only three days remain: Friday is the deadline for homeowners to apply for a homestead exemption, and, for 2007 home buyers, the last day to apply for property tax portability – the right to take tax savings from a home protected by Florida’s [...]

Many homeowners are now wondering what the passing of Amendment 1 means to them, especially if they want to move. Previously, if you moved, you started paying property taxes based on the new market value of the new home. Any benefits you gained by staying put in your previous homestead were wiped out. This meant [...]

It was hard to figure that a tax cut would get voted down, and it certainly did not. Let’s face it, on a personal level, every Floridian is better off with the cut. But is the state as a whole any better off?Here’s what we get:

An additional $25,000 exempted from the assessed value, excluding the [...]