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Port St. Lucie - Sebastian - Vero Beach St. Lucie, Martin, and Indian River counties (Treasure Coast)
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Old 08-23-2016, 08:49 AM
 
Location: Treasure/Space coast.
459 posts, read 616,734 times
Reputation: 460

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Just got the letter about the proposed tax for 2016.
Last year my property had an assessed value of $42k, this year it is $63k....that is a huge jump.
This will change my actual tax bill from $1528 to $1962
Anyone else have an increase this big ?
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Old 08-23-2016, 12:38 PM
 
Location: Venice, FL
1,690 posts, read 2,787,501 times
Reputation: 731
That's actually great news for PSL! Glad to hear home values are climbing!!
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Old 08-23-2016, 03:15 PM
 
361 posts, read 747,540 times
Reputation: 206
Looking at the proposed TRIM notice I see that my assessed value went up $1,100 but my market value went up $45k

Do you have your homestead exemption filed?
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Old 08-23-2016, 03:18 PM
 
1,381 posts, read 2,298,169 times
Reputation: 890
Looking at mine the market value went up 20,000 ish but because of the homestead exemption the assessed value went up a small amount and our taxes are actually going down.
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Old 08-24-2016, 02:29 PM
 
2,956 posts, read 2,333,635 times
Reputation: 6475
OP isn't homesteaded. No cap on valuations increasing. Of you were homesteaded it would be a 3% cap in assessed value increase per year plus the nice deduction.
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Old 08-25-2016, 06:41 AM
 
Location: Treasure/Space coast.
459 posts, read 616,734 times
Reputation: 460
Correct, no homestead for me......yet !!!
I too am pleased in one way that house prices are increasing, but a close to 50% jump in one year is crazy. They should have done some last year, prices have been on the rise for 4 years now.

On the downside, it is nearly impossible to find any house for under $100K now in any condition.
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Old 08-25-2016, 08:13 AM
 
43 posts, read 71,604 times
Reputation: 60
Quote:
Originally Posted by SeetheUSA View Post
That's actually great news for PSL! Glad to hear home values are climbing!!
Sorry, but absurd home prices is not good for anybody other than investors. Maybe you like government stealing more money to waste, but I'd rather keep it and have stability. We have extreme STAGFLATION going on thanks to the Federal Reserve and it is TERRORISM against every American. Consider Obama's admin says what cost $1 in 2009 when he took office now costs only a dime more. And that's their compounded figure. Meanwhile, most of our daily essentials have doubled in price, including home prices, yet our wages are stagnant. You really want your Grandkids to be priced out and enslaved by devaluation of inflation?
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Old 08-25-2016, 09:09 AM
 
2,956 posts, read 2,333,635 times
Reputation: 6475
Most of our pricing is the same. Some down, some up. Not sure what the hell you're ranting about.

As for real estate in Florida, it's always been whacked out bubbles and crashes. The future will be no different with this next bubble. Difference being desirability is going to start to dive for a variety of long term factors. So enjoy the ride while it lasts but Florida in 30 years is going to look very different.

Regardless, se fl is hardly representative of how real estate is expected to work. Plenty of cheap areas to live in if you're struggling to live on social security and stressing col. SE FL isn't a good place for people like that.
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Old 08-28-2016, 11:49 AM
 
8 posts, read 11,999 times
Reputation: 11
Mine went up from 112,000 to 158,000! Wtf?

Also I bought at 162k and the same exact house a couple of streets down from me in lesser conditions is going for 255k. I smell bubble.
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Old 08-28-2016, 02:12 PM
 
350 posts, read 414,008 times
Reputation: 396
Sounds like SLC employees want a raise!
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