Property taxes are collected from real estate owners to pay for a variety of local services. whether payments are made toward an escrow account each month, semi-annually or via a lump-sum annual payment, the cost seem to continuously increase.
Property taxes are collected from individuals and corporations that own land, residential homes or commercial properties. The money is used to pay for public services, such as schools, police, fire, highway construction, bridge repairs, sewer systems, parks, recreation and other items.
Property taxes are collected in all 50 States within the U.S. The amount of taxes owed will vary among local counties. Owners of real property can expect to receive an annual bill for the amount owed from the local tax authority in Florida. You have the opportunity to appeal your tax bill. Property taxes are largely based on the value of your land, home or commercial real estate.
As similar properties are sold for more than you paid to buy your property, your tax rate may increase, accordingly. However, if properties nearby are selling for less money than your property is worth, you can submit an appeal to your local tax accessor.
An appraisal from a licensed appraiser or a competitive market analysis from a licensed Realtor may be used for your appeal. Appeals that are made toward your property value and found in your favor could also be instrumental toward helping you save money on your property taxes.
Senior citizens in Florida might be eligible for a tax exemption. Residents who hav reached the age 65 and earn less than $20,000 a year may be exempt from paying property taxes in certain cities and counties in Florida. resources for property tax information may be found here: https://floridarevenue.com/property/pages/home.aspx
Concerning lower property taxes in Florida many may qualify for Homestead exemption could enable you to save up to $50,000 on your property taxes.
Veterans who are partially or permanently disabled might be entitled to certain exemptions that result in lower property taxes in Florida.
Contact Kevin Strawter at 407 479-8583 to discuss different ways to reduce property tax bills in the State of Florida.