List your property tax and insurance cost (Lakeland, Boca Raton: mortgage, relocate)

[jjj]

Please list what kind of home you own, town you are in with the amount you pay for property tax and insurance. This is the best way to judge what might be affordable to people wanting to relocate to Florida.

[Floridasunshine]

You also need the year of purchase, as older home dont increase in value and have Save Home rule, and would give a false answer. As the new home purhase is different than the existing home taxes on that home.
Polk County Lakeland Florida 2140 sq ft new home purchased 9-2005 195 thousand, Taxes this year 2476.00, HO insurance 1300. Tax Milage 17.00 per thousand. One of most reasonable in state of Florida.
From what I have researched Manatee and Hillsborough is almost twice that amount on taxes.

[belladee]

it is going to be really hard to judge your property tax based on what others are paying because of homestead exsemptions. Everyone pays very different amounts

i live in south fla. home is worth 300000. taxes are 1800 purchased 7 years ago and homeins is 4000

[Dee2e]

Longwood 4/2, pool, large lake front, cul-de-sac, taxes $1982 ins $1952 homeowners $396 Flood

[Angelrocks]

1,600 square foot home purchased in 1992. Near Boca Raton, Florida.

Community is in the high 300k to 400k range. Since I purchased my home 15 yrs. ago my property taxes are only $2,500. However, that's not the norm! If I purchased it in 2005 or 2006 property taxes would be about $8k.

My homeowners insurance is very questionable. I think they tried to scam me. They claim that all I needed was only $126,000 worth of coverage on a home that was just appraised for $419k. I told them that rate was not possible for a house of my size in this neighborhood. My husband originally got the insurance and took their word on how much coverage we needed. Well, I told them I wanted more and they said I needed an appraisal. (They didn't even offer me any insurance or quote me a proper rate till I got an appraisal). Ha, I can't wait to see their faces once I give it to them. Actually, I probably will not even waste my time. They will probably want to charge me 5k. Right now they are charging me 2.3 k but that's really insurance for a condo size apt. My husband didn't catch that, but I did! My next door neighbor has the right type of coverage and his is about 4.6k. I am going to cancel the policy and go with Citizens. I just got a price quote of 2k from Citizens and it will properly cover the house.

If you move to Southern Florida plan on putting in an extra $900 to possibly 1.2k a month on property taxes and insurance for a smaller sized median home. Townhomes and condo's should be a little less.

[Dee2e]

Originally Posted by Angelrocks

1,600 square foot home purchased in 1992. Near Boca Raton, Florida.

Community is in the high 300k to 400k range. Since I purchased my home 15 yrs. ago my property taxes are only $2,500. However, that's not the norm! If I purchased it in 2005 or 2006 property taxes would be about $8k.

My homeowners insurance is very questionable. I think they tried to scam me. They claim that all I needed was only $126,000 worth of coverage on a home that was just appraised for $419k. I told them that rate was not possible for a house of my size in this neighborhood. My husband originally got the insurance and took their word on how much coverage we needed. Well, I told them I wanted more and they said I needed an appraisal. (They didn't even offer me any insurance or quote me a proper rate till I got an appraisal). Ha, I can't wait to see their faces once I give it to them. Actually, I probably will not even waste my time. They will probably want to charge me 5k. Right now they are charging me 2.3 k but that's really insurance for a condo size apt. My husband didn't catch that, but I did! My next door neighbor has the right type of coverage and his is about 4.6k. I am going to cancel the policy and go with Citizens. I just got a price quote of 2k from Citizens and it will properly cover the house.

If you move to Southern Florida plan on putting in an extra $900 to possibly 1.2k a month on property taxes and insurance for a smaller sized median home.

Do you need wind insurance there or is in included in your broadform coverage? Also, does Citizens insure you if you have a pool?

I was trying to put a slide in for the pool and was told I'd have an insurance nightmare! I have an unhappy grandchild!

[Blue717]

SPring Hill Fl 3/2/2 house is 5 yrs old and get homestead
taxes 1436 home ins 1200

[backtofla]

3 br 2 ba, 1700 sq ft approx., prop = 2500; ins = 1000 or so; h.o.a. = 1200

[jjj]

Thanks for the info so far. I can see that taxes and insurance will vary depending on the situation. Keep them coming in. It makes it all the more important to collect as much info before as possible before any move is made.

[Floridasunshine]

Most Taxes are based on the millage 14.xxx to about 27.xxx depending on where you live. If you buy house for 200 thousand the appraisal is probably 166 minus homestead 25= 141 x millage rate= tax. of course if you live in home for more than 1 yr you will get the save your home protection meaning no more than 3% increase in appraisal each year. So that is why I say new home owners can only guess. Our first year sept 2005 was 321.00 based on taxes on property only. So next year if jumped to 2476.00 with homestead.
Now our home has been valued for sale at 325 so it would be appraised for taxes for 250 thousand. So new owner would pay more.'
One other problem I have is, the title company misfigures the tax the first year so the escrow is low for following year so you ended up with lot bigger house pmts to catch up the next yr. It has happen to us twice buying 2 diff homes. We used the builders mortgage company lucky, So we were able to get our money back somewhat from the builder. It is confusing but the builder figured the amount low so they wouldnot have to pay us what they owed us. So on our last house we got back 9mos from them of the unfigured amount which turned out to be like 400 bucks. Most people just dont bother checking their closing papers.