"Proposed Property Tax" notice (Homestead: real estate, how much, house)

[Rushmore]

Has anyone else received this item recently?

Naturally, they make it nearly indecipherable, and they tell you how much of an increase you will face given the same conditions, AND "if proposed budget change is made." In either event, a significant increase, as my assessed value has gone up, of course.

Also, can someone explain or link to a full, clear explanation of the homestead benefit here? I admit to being confused.

Thanks in advance.

[Harbor Hopper]

Everyone should have received their "TRIM" notices by now. I actually think they're pretty clear to understand. Your assessed value shouldn't have gone up unless you made permitted improvements last year. The non-school taxable value would go up as much as $50,000 if the 2010 taxes were based on homestead and the 2011 taxes had the homestead exemption removed. You can simply search "homestead" on CD and find numerous threads on this subject.

[TamRE]

Yes, we got our notice in the mail Saturday. Our assessed value and taxes have also gone up. Here is information on the homestead exemptions.

Homestead exemption link: http://dor.myflorida.com/dor/property/taxpayers/exemptions.html

Every person who holds legal or equitable title to real property, maintains it as his/her permanent residence, and is a legal resident of Florida as of January 1, of any year, can qualify for the Homestead exemption for that year.

Basic Homestead exemption - $25,000 off of the property’s assessed value

If your home is worth at least $75,000, you will receive another $25,000 off of the assessed value

Additional homestead exemptions (see link above for descriptions):

Save Our Homes – The assessed value of your homestead property cannot increase more than 3% per year or the percentage change in the Consumer Price Index.

Widows and Widowers $500
Disability $500
Blind Persons $500
Homestead for Persons 65 and Older
Exemptions for Veterans

[sware2cod]

Got my TRIM notice and my property taxes went down. The assessed value of the property went down.

For folks that don't want to sell any time soon, this is one good thing about the real estate bust. Since your property is worth less, your taxes should go down ( if your new assessment is below the prior year's Save Our Homes amount. )

[gettinoutofjersey]

assessed value went down and the homestead kicked in. that will be good for a one grand savings.

[d4g4m]

The 'save our homes' portion of the constitutional amendment was supposed to be an amount of money that could be transfered to the purchase of another home and reduce the home assessed value.
Assessed values have decreased but we all know that governments never operate with less revenue, so the easiest way to generate the same amount of revenue is to increase the millage rate.
And so that people with homestead exemptions can't carry forward any SOH amount, the property appraiser has reduced the 'just market value' to ridiculously low values to wipe out the SOH amount.
Last years figure for me was reduced to only $12,000 and this years value is now lower than what I paid to build the house 13 years ago. So my SOH benefit is now 'zero'.

[Coachgns]

We're also among those who will have our taxes actually Lowered next year. :-)

[SRQGator1]

I wonder what the chances are of winning an appeal to make your appraisal lower

[Skunk Workz]

Finally got our notice Saturday.

Our tax rate went up by 1.3%, but since the assessed value went down by 25% our taxes will go down. Not sure how I feel about that, but at least it's a lower payment this year.

[Rushmore]

I am running downtown in about ten minutes to file my homestead exemption. I have been swamped and simply spaced it out.

Yes, it's late, but they'll still accept it, they say.