Old 12-11-2011, 07:55 AM
Ray Zor
Senior MemberCaptains Club Member
Join Date: Jun 2001
Posts: 3,069
Received 7 Likes on 6 Posts

19% here within the City of Pensacola. No State Income tax. Based on Assessed value which typically runs about 80% of market value. This "formula" complicates tax rates and can be very confusing.I only pay $700/year since I have been in my house for almost 20 years and qualify for Homestead exemption and fall under the "Save our Homes" programs. I have done extensive renovations and remodeling to my house over the years thus increasing it's value without getting hit with high taxes. This is why so many people renovate instead of relocating to a newer dwelling. If I sold, the new owner would be paying approx $2800 in taxes.