U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > U.S. Forums > Florida > Tampa Bay
 [Register]
Tampa Bay Tampa - St. Petersburg - Clearwater
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 04-08-2014, 05:16 PM
 
58 posts, read 103,841 times
Reputation: 20

Advertisements

hi,
Is this still current with the homestead exemption ? 150k house around $1,000 in property taxes?


Quote:
Originally Posted by Mike1306 View Post
Taxes as a % of home value average .82% in Pasco, .84% in Polk, .88% in Hernando and Pinellas and .97% in Hillsborough

What is the problem you have with the taxes? On a $150,000 home after the homestead exemption you would be paying approximately between $820 and $970 a year.

Do you think that is too high?
Reply With Quote Quick reply to this message

 
Old 04-09-2014, 12:56 PM
 
1,106 posts, read 1,947,355 times
Reputation: 954
No, these numbers are completely wrong. Don't use them.

Quoting "average" tax rates for a county is like quoting the "average" value for all cars on the road, and then going to a dealer and expecting that price. Anyone who quotes that is completely ignorant of how the Save Our Homes Act works.

My elderly neighbors pay about a $3,000 a year in property taxes for their $500k waterfront home. A new buyer would pay over $10,000 a year, even with a homestead exemption. The $3,000 number is completely irrelevant to a buyer, but uneducated realtors/sellers LOVE to advertise these numbers (Low Property Taxes! Buy Now!).

There aren't a lot of differences between counties in the Tampa Bay area: the average rate is a little above 2%. In St. Petersburg (Pinellas), I currently pay 2.31% of my taxable value. The more rural counties may be a bit cheaper, but your level of services is also much, much lower.

The simple math: take the rough market value (the appraiser will usually get it in the ballpark), subtract your exemptions, if any, and then multiply by the total rate. It's very, very basic math, yet very few people on this board can figure it out.

For example, a $250,000 homesteaded house in St. Petersburg will cost a typical buyer ($250k - $50k) * 2.31% = $4,620 in the first year. A $150k house would be about $2,310 in the first year. Your original estimate was correct.

Further years become a bit more complex due to the Save Our Homes Act (which explains my neighbors' $3k annual taxes). We can talk about that in Lesson 2, if you wish.
Reply With Quote Quick reply to this message
 
Old 05-18-2014, 12:23 PM
 
40 posts, read 40,875 times
Reputation: 15
So how would I figure our taxes on the house we just purchased? It appraised for 116,000.00 its in St. Petersburg Disston Hight's and we will homestead January 1st.
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:


Options
X
Data:
Loading data...
Based on 2000-2016 data
Loading data...

123
Hide US histogram

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > U.S. Forums > Florida > Tampa Bay
Similar Threads
Follow City-Data.com founder on our Forum or

All times are GMT -6.

2005-2019, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 - Top