Holy Cow taxes going up 2k a year (sale, how much)

[Swimmom32]

Originally Posted by EngGuy

With the Pasco property appraiser website, there is a link called 'estimate taxes', and when you put the purchase price, it will give you an estimate on the new taxes once you take the SOH ceiling. The good thing is that once you are here , and for any reason the assessment goes down, then it can only go 3% max from the new value, and the SOH is portable if you move within Florida.

I tried to find that estimated tax calculator but can't seem to find it

it says the calculator is coming soon

[a person]

Welcome to Pasco.

[Swimmom32]

Originally Posted by a person

Welcome to Pasco.

thanks..it is what it is ...the 3 bedroom 2.5 bath 24 yr old town home with no garage or backyard lol that we live in now is 6400 in taxes so the fact that we are buying a 3000 sq ft house with pool I guess the 5400k I was just quoted when I called again isnt that bad...The gal said once I get the SOH after year 2 the taxes will go down so for 1 year it looks like we will have to pay that possible amount she gave me...

[LKJ1988]

Glad mine is only around 300 a year dear.

[a person]

Originally Posted by Swimmom32

thanks..it is what it is ...the 3 bedroom 2.5 bath 24 yr old town home with no garage or backyard lol that we live in now is 6400 in taxes so the fact that we are buying a 3000 sq ft house with pool I guess the 5400k I was just quoted when I called again isnt that bad...The gal said once I get the SOH after year 2 the taxes will go down so for 1 year it looks like we will have to pay that possible amount she gave me...

It'll be less when you homestead. But it still won't be cheap and you're buying in a well to do area so it'll likely start rising again.

[071402]

Originally Posted by Swimmom32

I can not believe that our taxes for the new house will be going up 2k a year with homestead...I am just floored..Even in NJ where we are one of the highest property taxes in the country doesn't go up that much after closing...Oh well..Just thought I would share with people moving there and to be aware that once you close your re-assessed for market value is what I was told from Pasco county...They went from 3395.00 to 5345.00

Yep, I keep saying this. Everyone thinks they're going to pay what the broker quotes them at or the amount the current owners are paying and then WAM, the amount you get is higher. a.lot higher. 2% of purchase price? How much was the home SW?

[FLHfan]

Originally Posted by a person

It'll be less when you homestead. But it still won't be cheap and you're buying in a well to do area so it'll likely start rising again.

Read post #10
that 5245-5500 is WITH homestead,

[NYmikef]

Originally Posted by Swimmom32

thanks..it is what it is ...the 3 bedroom 2.5 bath 24 yr old town home with no garage or backyard lol that we live in now is 6400 in taxes so the fact that we are buying a 3000 sq ft house with pool I guess the 5400k I was just quoted when I called again isnt that bad...

$5400 for a 3000 SqFt home - just for reference I have a 1500 SqFt home in Pasco, closed in 2014, taxes are about $2500, not eligible for homestead. My Long Island home is about 1700 SqFt - taxes are over 10K a year.

[slackercruster]

OP...even in the rustbelt things are going up. It is easy money for the politicians to spend, so why not? Expect it to keep going up. Nothing to stop politicians from doing their job.

[LKJ1988]

I hope for another repeat of 2007 when it all crashed and my taxes went down about 300%. Home prices in my area have not come up like everywhere else.