The catch is Florida. The will set property tax based on full market value, not current market value. So even though housing prices in FL have gone down the tubes, the property tax has gone up in many cases.
depends on latest eval......my props in fl went down
Well my property assessment (in Florida) has gone down, but my taxes have gone up. Reason, we’ve owned the home for lots of years and under SOH (save our homes), the state has only been allowed to increase the value, for tax purposes, a small amount each year. So we were way undervalued for tax purposes.
IMO, it’s the insurance that’s going to kill us. No matter that we haven’t had a hurricane in our area in 5 years...State Farm just got the go ahead for a 20% increase in rates (not that we use State Farm, but I imagine they’re the harbinger of what’s to come.)