Holy Cow taxes going up 2k a year (health insurance, assessor)

[LKJ1988]

Originally Posted by a person

He lives in West Pasco, which is basically where all the crime in Pasco County occurs.

First time you typed something that was right dwight.

[a person]

Originally Posted by LKJ1988

First time you typed something that was right dwight.

Get off my nuts

[LKJ1988]

Originally Posted by a person

Get off my nuts

You are the one following me around and jabbing. That is why i asked for the weather thread to be locked jed.

[Swimmom32]

and Yet this DOESN'T help my taxes going up 2000-2500k a year LMAO

[EngGuy]

Originally Posted by NYmikef

You mention something about taxes going down 300% - I only mention this because your posts seem to indicate you have a good grasp of numbers, but you do realize that nothing can go down 300%.

If something goes down 100% is has been reduced to 0. There is only 100% of anything.

Good catch. I just used an example that was mentioned without checking. You are right, nothing can go to 300% less, unless it sinks from 3 ft above water to 6 ft under water.

As for the taxes going down so much, I experienced the same thing in West Orlando, near Crime Hills during that era, and I bought one of the cheapest homes in the development at 240k in 2005 (1440 SF). Value went to about 90k and never recovered above 105k until about 2013. Just got sold for 168k after being listed at 160k. not made the 150k. Even if the market is heated, is not as bad as 2005-2007.

My taxes went from about 3200 to 1550. 50+% loss in taxes. And it only went up 3% max with Save our Homes amendment. I guess for OP, hopefully it gives hope that the taxes can go down a lot as well here in Florida. And then they will go up slowly after that.

[Swimmom32]

Originally Posted by EngGuy

Good catch. I just used an example that was mentioned without checking. You are right, nothing can go to 300% less, unless it sinks from 3 ft above water to 6 ft under water.

As for the taxes going down so much, I experienced the same thing in West Orlando, near Crime Hills during that era, and I bought one of the cheapest homes in the development at 240k in 2005 (1440 SF). Value went to about 90k and never recovered above 105k until about 2013. Just got sold for 168k after being listed at 160k. not made the 150k. Even if the market is heated, is not as bad as 2005-2007.

My taxes went from about 3200 to 1550. 50+% loss in taxes. And it only went up 3% max with Save our Homes amendment. I guess for OP, hopefully it gives hope that the taxes can go down a lot as well here in Florida. And then they will go up slowly after that.

Lets Hope..I am hoping that the SOH will offer a little bit of savings

[MOforthewin]

Originally Posted by EngGuy

Good catch. I just used an example that was mentioned without checking. You are right, nothing can go to 300% less, unless it sinks from 3 ft above water to 6 ft under water.

As for the taxes going down so much, I experienced the same thing in West Orlando, near Crime Hills during that era, and I bought one of the cheapest homes in the development at 240k in 2005 (1440 SF). Value went to about 90k and never recovered above 105k until about 2013. Just got sold for 168k after being listed at 160k. not made the 150k. Even if the market is heated, is not as bad as 2005-2007.

My taxes went from about 3200 to 1550. 50+% loss in taxes. And it only went up 3% max with Save our Homes amendment. I guess for OP, hopefully it gives hope that the taxes can go down a lot as well here in Florida. And then they will go up slowly after that.

OUCH. That is a big loss

Crime Hill LOL. Who would want to buy a house there? Don't know what it is but the nickname must mean it's bad. In St. Louis we had a small city named Pine Lawn and the nickname is Crime Lawn. Besides the thugs, the cops were probably bigger criminals and corrupt. Almost rivals East St. Louis police.

What is the appeal of Orlando btw? It's not that close to the ocean and have the congestion of Disney and inflated prices of stuff since it's a tourist trap. Doesn't sound like somewhere to retire to and for a job I'd rather work in a less of a tourist trap like Tampa.

Is it because of Universal and Disney?

My aunt put her Naples house up for sale in 2007 and didn't sell until 2009. I think the asking price was close to 800 grand at the time. in 2009 she got just under 400k I believe! She bought a house in Tampa and moved up there and kept having to pay the insurance and house payments on the Naples house until it sold. Was a HUGE loss all around for her.

The housing market crash crushed her house price. People could get foreclosed houses at the time much cheaper than what she was asking for.

[bobandsherry]

Originally Posted by Swimmom32

and Yet this DOESN'T help my taxes going up 2000-2500k a year LMAO

Curious Swim if you had asked your realtor why he/she didn't disclose any of the tax assessment impact to you, especially as buyer agent. Just seems a bit sketchy.

As a Realtor yourself, is this something that you would openly disclose to a buyer?

[LKJ1988]

Anytime a home sells the taxes reset.

[Swimmom32]

Originally Posted by bobandsherry

Curious Swim if you had asked your realtor why he/she didn't disclose any of the tax assessment impact to you, especially as buyer agent. Just seems a bit sketchy.

As a Realtor yourself, is this something that you would openly disclose to a buyer?

I did talk to my realtor about it, as it was something she disclosed before we bought the house, I not thinking that taxes would go up 200k-3000k a year I even spoke to her broker who I happen to have done real estate with here NJ many years ago and in her 13 years in pasco she hasn't encountered taxes going up this much...the last time my new house was sold and closed was 2012 and they are paying 3395k with homestead and SOH..they are moving out of the state the Sellers anyhow my Realtor and her Broker said they have NEVER seen the taxes going up this much after close...my realtor has been in Pasco for a long time and she was as shocked as I was...we knew it would go up and she figured the same as i did about 1000 a year after they re-assess however when I called the assessor back again friday I was told it would be 5545.00 they are paying 3395.00..then she told me I can use the calculator well when we did that throught the site it came it up as 6500.00 before my homestead kicked in so again my Realtor has never seen taxes go up or an assessment go up as much as mine will possibly....The assessor could NOT tell me how much the assessment will go up, as they do not know until Jan 2018 I was told then my Nov 2018 bill I would see my new taxes and the new assessment..and even in NJ they do not go up this much after closing