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To: Labyrinthos
what would the Florida real property tax be on a single family house valued at $450,000

I don't live in Florida but I have a good friend who does. My understanding is that the answer is "depends". Have you lived there for 5+ years or did you just move there. If the former, probably something like $1500/year, if the latter, something like $6-8k/year. The issue is, SAVE OUR HOMES limited the increase to 3%/year, but property values shot up in the past 36 months or so. Which means people can't move into a home of the same value because the taxes become insane, but are perfectly reasonably(not that any tax is, but I digress) if you lived there for a length of time.

21 posted on 06/15/2007 4:44:09 AM PDT by Malsua
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To: Malsua
My understanding is that the answer is "depends". Have you lived there for 5+ years or did you just move there. If the former, probably something like $1500/year, if the latter, something like $6-8k/year.

It varies by County/City. However, "Real Life" figures for my area are as follows: $450K current value property taxes are about $2,500/year with homestead exemption and 5-10 years in same home..., $6,000/year if you just moved in. These are from the property appraisal website for my neighborhood.

23 posted on 06/15/2007 5:03:28 AM PDT by ExSES (the "bottom-line")
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To: Malsua
My understanding is that the answer is "depends". Have you lived there for 5+ years or did you just move there. If the former, probably something like $1500/year, if the latter, something like $6-8k/year.

Either way, Floridians (an Texan's) should realize how fortunate they are. My house is assessed at $465,000 in suburban NYC. My taxes are pushing $13,000 a year and of that amount, $8,000 is for the school tax even though I have never had a child in the public school system. On top of that, I pay a state income tax at the marginal rate of 8.875% and sales tax at something like 8.25%.

39 posted on 06/15/2007 6:32:59 AM PDT by Labyrinthos
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