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Old 08-23-2006, 08:58 PM
 
Location: FL
1,316 posts, read 5,787,931 times
Reputation: 988

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Ok-we just got our tax notice-& our assessed value went up! But we just bought last year and THAT was a raised assessed value!!! PLUS, the assessed value this year is MORE THAN 3%!!! Um, I thought once you buy, the value is assessed (reassessed) & then your taxes basically stay the same or go up very little but NO MORE THAN 3%!!! So even though last year we didn't have the homestead, our taxes will be HIGHER this year WITH the homestead because they raised the assessed value! Again!!! Anyone in Dade (lulu?) get it? Cause I don't! I will be calling tomorrow but I thought someone on here might know something I don't! The assessed value last year was 130k - up from like 40k or something like that! The people who sold had been here 13 years. Now our assessed value is 171k so even minus 25k, that's 146k! I mean, it's not that big a deal - taxes still 3000+ , but I thought they'd go a bit DOWN, not a bit UP! Did they make a mistake? Thanks all!
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Old 08-23-2006, 09:17 PM
 
2,313 posts, read 3,190,166 times
Reputation: 471
Quote:
Originally Posted by elfyum View Post
Ok-we just got our tax notice-& our assessed value went up! But we just bought last year and THAT was a raised assessed value!!! PLUS, the assessed value this year is MORE THAN 3%!!! Um, I thought once you buy, the value is assessed (reassessed) & then your taxes basically stay the same or go up very little but NO MORE THAN 3%!!! So even though last year we didn't have the homestead, our taxes will be HIGHER this year WITH the homestead because they raised the assessed value! Again!!! Anyone in Dade (lulu?) get it? Cause I don't! I will be calling tomorrow but I thought someone on here might know something I don't! The assessed value last year was 130k - up from like 40k or something like that! The people who sold had been here 13 years. Now our assessed value is 171k so even minus 25k, that's 146k! I mean, it's not that big a deal - taxes still 3000+ , but I thought they'd go a bit DOWN, not a bit UP! Did they make a mistake? Thanks all!
Just when I think I understand it I get fooled. My asssesed value is much higher, value after deductions higher, yet the final tax is $14.00 lower then last year. I have been running the numbers over and over and can't arrive at their number. I would just like to understand how it works. I am in Broward by the way.
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Old 08-23-2006, 09:18 PM
 
Location: Somewhere over the rainbow in "OZ "
24,767 posts, read 28,510,696 times
Reputation: 32860
Welcome Too Florida............
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Old 08-23-2006, 10:11 PM
 
Location: Port St. Lucie and Okeechobee, FL
1,307 posts, read 5,503,373 times
Reputation: 1116
Quote:
Originally Posted by elfyum View Post
...So even though last year we didn't have the homestead...
...There you go.

I'm not a tax collector and I didn't stay at that inn last night, but my educated guess is that your status last year determines your taxes this year. For example, the year your house is constructed, you get a pass on the taxes on the house because it started the year as a vacant lot.

There's probably a technical term, such as "taxes are assessed in arrears", but regardless, that's my guess.
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Old 08-23-2006, 10:14 PM
 
Location: Central FL
1,683 posts, read 8,210,004 times
Reputation: 853
Elfyum, You don't get the 3% save our homes cap until after the 2nd tax year you are in the home. You will get it next year. Orlando did the same thing to us. Took our assessed value up $70K in one year! I called about it and was told all property values in Orlando went up last year! When then is everything in my neighborhood selling for the same price as last summer? Anyway you got homestead this year, SAS will go into effect next year. Thank God for that!
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Old 08-24-2006, 10:38 AM
 
Location: Cumming, Georgia
810 posts, read 3,305,504 times
Reputation: 369
Quote:
Originally Posted by pianogal View Post
Elfyum, You don't get the 3% save our homes cap until after the 2nd tax year you are in the home. You will get it next year. Orlando did the same thing to us. Took our assessed value up $70K in one year! I called about it and was told all property values in Orlando went up last year! When then is everything in my neighborhood selling for the same price as last summer? Anyway you got homestead this year, SAS will go into effect next year. Thank God for that!
That's what I heard from a realtor in Florida that the homestead kicks in during the 2nd year. It does bite and if sales continue to go up in your area, you'll see 3% increases next year.
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Old 08-24-2006, 12:15 PM
 
Location: Central FL
1,683 posts, read 8,210,004 times
Reputation: 853
You'll see 3% increases next year.

Thank God for that! At least at 3% the most the taxes can go up is around $200.00 While I wouldn't be happy about that, it's ALOT better than some places. My parents in SC just got their tax bill yesterday. They are retired and have lived in the same home for 40 years. Their tax bill went up 30% this year. There is no tax cap in S.C.
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Old 10-04-2007, 07:52 PM
 
8 posts, read 42,485 times
Reputation: 16
Default WEll - that can't be the case because I've been in my house 5 years

and they raised my assesment in the mail I got over 25% - and I've been homesteaded all 5 years!
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Old 10-05-2007, 11:56 AM
 
Location: Jax
8,200 posts, read 35,448,792 times
Reputation: 3442
Quote:
Originally Posted by tommyz View Post
and they raised my assesment in the mail I got over 25% - and I've been homesteaded all 5 years!
Are you sure you're homesteaded?

My neighbor thinks he is even after I've shown him he's not and his taxes are flying up. Check online to be sure (your county's Property Appraiser site).

They can still raise your "Market Value", they just can't raise your taxable value by more than 3% if you have the homestead in place.
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Old 10-06-2007, 09:27 AM
 
Location: Satellite Beach, FL
149 posts, read 700,951 times
Reputation: 43
Quote:
Originally Posted by pianogal View Post
You'll see 3% increases next year.

Thank God for that! At least at 3% the most the taxes can go up is around $200.00 While I wouldn't be happy about that, it's ALOT better than some places. My parents in SC just got their tax bill yesterday. They are retired and have lived in the same home for 40 years. Their tax bill went up 30% this year. There is no tax cap in S.C.
This is why I am scared of the super exemption and the phasing out of SOH if the amendment gets through. The 3% cap is great in the longterm. It holds thing steady and predictable over the long haul...
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