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Old 03-22-2011, 07:04 PM
 
205 posts, read 248,785 times
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I was sifting thru Trulia for homes in Kissimmee from 85-125k and found you had homes with property taxes of about 2k to 4.5k/year. Am i imagining things or is this ridiculously expensive? The taxes are almost as much as the mortgage payment! Now is it just a matter of time before the taxes come down on these really expensive ones or are we just waiting for huge tax increases on the homes where the taxes are only 2k/year? Is this the trend in any other areas of Orlando?
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Old 03-22-2011, 09:21 PM
 
Location: Lake Mary, Florida
793 posts, read 2,158,083 times
Reputation: 264
It's like that all over, taxes are not based on the sale price of the property which is typically lower than the counties appraised value.

Hope this helps,
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Old 03-23-2011, 07:43 AM
 
Location: Apex, NC
2,943 posts, read 7,165,262 times
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Property taxes are also higher than other southeastern states because there is no income taxes in Florida. In NC we pay 7.25% in income taxes. I would gladly pay double my real estate taxes (currently at $2,200 a year) to save $10k a year in state income taxes.
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Old 03-23-2011, 05:15 PM
 
Location: Orlando
8,221 posts, read 10,980,417 times
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When a home sold at 400,000 the assessed value ( what the county charges taxes off of ) will be lower in most cases than the sale price.

Many homes have been reassessed with the downturn, but not all. The process continues and can even be encouraged by property owners. Normally as a home sells for an amount lower than the assessment it triggers a reassessment. I would follow up with th e county to make sure that happens. You agent can give you supporting info for comps in an area and help with the case.
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Old 03-26-2011, 03:17 PM
 
26,589 posts, read 53,109,306 times
Reputation: 12971
You honestly think you can buy a house with a mortgage payment of $4k a year? Where is this place so I can get in line?
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