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Florida Housing market ?????

Old 03-02-2021, 12:35 PM
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Does FL use market value when re-assessing property tax?
Old 03-02-2021, 12:43 PM
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Originally Posted by Misterfu02 View Post
Does FL use market value when re-assessing property tax?
I have two houses in FL and they are assessed waaaay below market.
Old 03-02-2021, 12:51 PM
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Originally Posted by king_me View Post
I have two houses in FL and they are assessed waaaay below market.
Same in NY, but that’s because they use a percentage of market value.

Reassessments take current market value into consideration. Some houses haven’t been reassessed in 20+ years.

There’s no way property taxes aren’t going up after all is said and done.
Old 03-02-2021, 01:00 PM
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Originally Posted by Misterfu02 View Post
Same in NY, but that’s because they use a percentage of market value.

Reassessments take current market value into consideration. Some houses haven’t been reassessed in 20+ years.

There’s no way property taxes aren’t going up after all is said and done.
My county(Palm each) comes up with taxable value then multiplies it by a millage rate, that's my tax amount.
Old 03-02-2021, 01:03 PM
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Originally Posted by king_me View Post
My county(Palm each) comes up with taxable value then multiplies it by a millage rate, that's my tax amount.
I think most Florida counties aim for about 80-90% of FMV as the assessed value. And then they adjust annually as limited to 3% increase by Homestead Exemption if applicable or new FMV.
Old 03-02-2021, 01:04 PM
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Originally Posted by king_me View Post
My county(Palm each) comes up with taxable value then multiplies it by a millage rate, that's my tax amount.

purdy standard
Old 03-02-2021, 01:55 PM
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Originally Posted by king_me View Post
Going to be interesting to see what happens after June 30th(mortgage forbearance ends) A lot of listings/foreclosures might happen according to him.
They keep pushing the date further out. No telling when they will stop.
Old 03-02-2021, 02:18 PM
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Originally Posted by ul412al View Post
They keep pushing the date further out. No telling when they will stop.

Oh it will stop.

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