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Old 08-27-2008, 03:49 PM
 
Location: Living in Paradise
5,702 posts, read 22,264,476 times
Reputation: 2987

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I just got a great deal, my HOI dropped $600.00 and now I'm paying property taxes on $49K My mortgage will go down about $100.00, six years to go @ $800 per month and I can retire. Yearly taxes now $583.59 from $945.00

I just had a friend appraised the house and the sale price is $225K according to sales and depreciation..

Anyone else getting any savings....
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Old 08-27-2008, 06:10 PM
 
Location: Punta Gorda and Maryland
6,102 posts, read 13,105,215 times
Reputation: 1220
Quote:
Originally Posted by sunrico90 View Post
I just got a great deal, my HOI dropped $600.00 and now I'm paying property taxes on $49K My mortgage will go down about $100.00, six years to go @ $800 per month and I can retire. Yearly taxes now $583.59 from $945.00

I just had a friend appraised the house and the sale price is $225K according to sales and depreciation..

Anyone else getting any savings....
Congrats! Great News! ! That has to be a good feeling.
I think that insurance companies are feeling the revenue strain, and need to get more competative in order to generate and keep the revenue streams they have. That is one thing that is good. Other insurance companies will / must be planning to enter the Florida market, and they are preparing for that by dropping the rates - to keep client loyalty.

I am a little surprised to see that happen before the hurricane season ends though.
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Old 08-27-2008, 09:40 PM
 
Location: Heartland Florida
9,324 posts, read 23,808,765 times
Reputation: 4901
Too bad this will not happen to anyone who has bought/built a home in the last few years. The only way to level the market is a hard, drastic crash. Otherwise you will pay over 4,000.00 a year on that 250K home (250K-50K exemption).
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Old 08-27-2008, 10:04 PM
 
Location: Sarasota, FL and smalltown Ohio
100 posts, read 329,247 times
Reputation: 42
Quote:
Originally Posted by sunrico90 View Post
I just got a great deal, my HOI dropped $600.00 and now I'm paying property taxes on $49K My mortgage will go down about $100.00, six years to go @ $800 per month and I can retire. Yearly taxes now $583.59 from $945.00

I just had a friend appraised the house and the sale price is $225K according to sales and depreciation..

Anyone else getting any savings....
wow! lucky you!!!!!!!!!!!!!!!!
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Old 08-28-2008, 06:14 AM
 
2,473 posts, read 4,841,453 times
Reputation: 1203
Quote:
Originally Posted by sunrico90 View Post
I just got a great deal, my HOI dropped $600.00 and now I'm paying property taxes on $49K My mortgage will go down about $100.00, six years to go @ $800 per month and I can retire. Yearly taxes now $583.59 from $945.00

I just had a friend appraised the house and the sale price is $225K according to sales and depreciation..

Anyone else getting any savings....
Great news Sunrico!! This year my HOI went from $2500.00 to $1300.00, & I'm waiting to see what my taxes will be in October...they're supposed to go down from what I've read....

I also shopped around for car insurance & my rate went from $1800.00 a year for 2 vehicles down to $846.00 for 2 vehicles per year!!! (gotta love Flo at Progressive!!)

Maybe things are looking up???
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Old 08-28-2008, 07:09 AM
 
Location: Central Fl
2,903 posts, read 10,951,887 times
Reputation: 2860
Good news sunrico!

We are having a new roof installed and the wind inspection done both in October. I will then check into HOI changes.

I did just get a letter from the county, telling me that my assessment went down a bit, and that there is a ballot change being voted on.....if it passes, my taxes will go down, if it doesn't, my taxes are still going down.

My Florida taxes are one third of my NY taxes. Here in NY, you never get a letter telling you about what your taxes may do, and also they NEVER go down...!

I'm liking Florida.....

I can't wait until we are full time residents and can get the homestead exemption people here talk about.

Frank D.
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Old 08-28-2008, 09:37 AM
 
17,297 posts, read 25,709,107 times
Reputation: 8567
I'm hoping Citizens remains solvent, and changes the way insurance companies calculate their risk pools in Florida.

The way the insurance companies have rigged the game with their "wind pools" has artifically kept prices high.




Now, on to taxes.... My house was bought by the previous owner for a ridiculous price. He tried to flip, got burned, and i got it from him in a short sale. He was paying almost $8000 in taxes (non-homesteaded), and unfortunately, I have had to escrow the past few months based on that amount.

When I got my latest estimated tax bill, however, it looks like my homesteaded property taxes will be 4500 next year, based on an assessed value less than purchase price.... On balance, it's not great, but it is a huge slash, and I don't know if I can appeal the value since it's below purchase price, and is still the cheapest sale in the neighborhood to date. At least there's the income tax writeoff to offset it!
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Old 08-28-2008, 07:12 PM
 
Location: Living in Paradise
5,702 posts, read 22,264,476 times
Reputation: 2987
[quote=Jungle George;5027228]Great news Sunrico!! This year my HOI went from $2500.00 to $1300.00, & I'm waiting to see what my taxes will be in October...they're supposed to go down from what I've read....

I also shopped around for car insurance & my rate went from $1800.00 a year for 2 vehicles down to $846.00 for 2 vehicles per year!!! (gotta love Flo at Progressive!!)

Maybe things are looking up???[/QUOTE

WoW this is a superb rate per year, I pay $900 plus for 3 cars with full coverage every six months (USAA) and Progressive could not provide a better rate, but I'm still looking. BTW no tickets ever (wife or myself) the rate is for a 07 Malibu Maxx, 05 Mountaineer, and 02 325 BMW.
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Old 08-29-2008, 06:21 AM
 
2,473 posts, read 4,841,453 times
Reputation: 1203
[quote=sunrico90;5037092]
Quote:
Originally Posted by Jungle George View Post
[/QUOTE

WoW this is a superb rate per year, I pay $900 plus for 3 cars with full coverage every six months (USAA) and Progressive could not provide a better rate, but I'm still looking. BTW no tickets ever (wife or myself) the rate is for a 07 Malibu Maxx, 05 Mountaineer, and 02 325 BMW.
Maybe my rate's low 'cause I'm an old crotchety dried-up prune!!!

WATCH OUT!!!

I've got my AARP card & I KNOW how to use it!!!
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Old 08-29-2008, 04:50 PM
 
Location: Living in Paradise
5,702 posts, read 22,264,476 times
Reputation: 2987
[quote=Jungle George;5041087]
Quote:
Originally Posted by sunrico90 View Post

Maybe my rate's low 'cause I'm an old crotchety dried-up prune!!!

WATCH OUT!!!

I've got my AARP card & I KNOW how to use it!!!
http://bestsmileys.com/lol/5.gif (broken link)
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