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Port St. Lucie - Sebastian - Vero Beach St. Lucie, Martin, and Indian River counties (Treasure Coast)
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Old 08-02-2012, 04:54 PM
 
Location: Port St Lucie Florida
1,278 posts, read 3,218,461 times
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The recent post about Jupiter taxes has me thinking about the property taxes, homeowners insurance on my future home in Port St. Lucie

Sid
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Old 08-02-2012, 05:19 PM
 
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Proposed budget for next fiscal year includes tax decrease

Port St. Lucie City Manager Gregory J. Oravec has released his proposed budget for fiscal year 2012/2013. The budget includes a proposed tax decrease of approximately two percent, saving property owners about $1.4 million
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Old 08-03-2012, 06:26 AM
 
53 posts, read 107,925 times
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If this will be your only house, then homestead for a $25k off the top of your assessment. It will save you a lot. If disabled, you can also claim another $500.

You must shop insurance very carefully. Do all you can to claim all the exemptions for your wind mitigation inspection. Shutters, adequate roof attachment, etc.

Be well.
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Old 08-03-2012, 07:01 AM
 
Location: Jupiter
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Sid....try this site www.pa.martin.fl.us this is the Martin County Property Appraisers web site...you can enter the value of your home (purchase price) and they will give you an estimate of what your taxes will be...as far as insurance...I would attempt to get a recommendation from someone and see what types of homes are cheaper to insure...this could be a real eye-opener...but remember...the closer to the ocean the more it's gonna cost ya...
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Old 08-03-2012, 10:26 AM
 
Location: Port St Lucie Florida
1,278 posts, read 3,218,461 times
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Default Port St Lucie Taxes

Thank you for the advice on taxes and insurance. Tell me if I am wrong but I was advised by a RE agent that houses built after a certain date had to meet wind regulations and would be cheaper to insure, was it 2004??
Also due to the widespread termite problems- as in New Orleans- it is a better idea to get a concrete block house and although there is wood inside behind the sheet rock walls concrete block is better. I wonder if they insulated inside the concrete blocks as that would be nice. We went thru Katrina and do not want to be anywhere near the water to live. I like fishing but not out of my back door. Thinking of housing between 95 and Turnpike.
Sid
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Old 08-04-2012, 03:48 AM
 
3,718 posts, read 6,677,827 times
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Might want to check to see if still getting deductions for wind mitigation. Seems like I heard that homeowners who upgraded their homes were upset after spending so much money that the deduction is going away. Our house didn't qualify because we only have clips on part of the decking , so didn't pay a lot of attention when I heard it on the local news- so I may have just misunderstood what the homeowners were upset about, though.
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Old 08-04-2012, 08:59 AM
 
359 posts, read 633,469 times
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Homeowners are still getting credits for wind mitigation. Most companies I encountered wanted proof of a wind mitigation test from an inspector. I ended up going with a company who automatically gives you the credit just for having a home built after a certain year. (I think they said 2002)

Also -- yes go with concrete block.
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Old 08-04-2012, 12:41 PM
 
Location: Port St Lucie Florida
1,278 posts, read 3,218,461 times
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Quote:
Originally Posted by PortStLucieWater View Post
Homeowners are still getting credits for wind mitigation. Most companies I encountered wanted proof of a wind mitigation test from an inspector. I ended up going with a company who automatically gives you the credit just for having a home built after a certain year. (I think they said 2002)

Also -- yes go with concrete block.
Send me a DM on the folks you used.
Sid
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Old 08-12-2012, 12:48 PM
 
Location: on the edge of Sanity
14,267 posts, read 16,764,693 times
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I was searching for a thread about property taxes in PSL on this forum. So here is my question since I need some help understanding the tax bill.

A few years ago I looked at a few homes in over 55 communities in PSL. Cascades was my favorite, but the homes were pricey and I want to plan my retirement carefully. Now there are a few homes in the lower $100s, and I was interested in one listed for $129,000. When I looked up the tax bill, I was shocked. The agent said the taxes will be reduced when I apply for homestead and they will be based on approx 80% the price I pay. So I thought the owners didn't have homestead, but I decided to do my own research. The property card on the county appraiser's site shows an assessed value of $113,500, a $50,000 exemption and a taxable value of $63,500. Although the ad-Valorem tax is $1,767.79, there are additional taxes called non-Ad Valorem taxes. The taxes paid in Feb 2012 were $2,679.41.

2011 Final: 113900 Land Value: 30000 Acres: 0.17
Assessed: 113900 Building Value: 83900
Ag.Credit: 0 Finished Area: 1311 SqFt
Exempt: 50500
Taxable: 63400
Taxes: 1767.79

The non-Ad Valorem tax is $911.62


I was told if I bought the home, my taxes would be reduced by about $1,200, because they would be based on the purchase price but, no matter how I do the math, that makes no sense to me, since some of these homes were purchased in the past couple of years. I admit I am clueless, but I never paid much attention to the taxes before. So I decided to go to the St. Lucie Property Appraiser site again and look at a few similar homes in the neighborhood. One home has a $75,000 exemption. I don't know if it will copy well here, but you can see that the taxable value is only $48,000. Yet the property tax bill is over $2,700.00 for a small, 1,400 sf house.

2011 Final: 123600 Land Value: 30000 Acres: 0.12
Assessed: 123600 Building Value: 93600
Ag.Credit: 0 Finished Area: 1434 SqFt
Exempt: 75000
Taxable: 48600
Taxes: 1831.85

The non-Ad Valorem part of the bill is $911.62 (same as the other house)


So, am I right? Would a new homeowner be paying over $2,600 in property tax?


Maybe this post will also help others when looking for property, because looking at the appraisal or the current millage rate doesn't give you the whole picture. It's important to look up the actual tax bill. There are communities in Sarasota County, for example, that have a CDD (Community Development District) tax. Ex: a house in North Port in a planned community had a CDD of $1,430 which is added to the annual tax bill, totaling $3,967 for a 2 bedroom house assessed for $124,000.
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Old 08-12-2012, 02:04 PM
 
5,553 posts, read 3,106,351 times
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a 200,000 house here in chicago is 6500-8000 a year ... wouldnt be complaining...
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