REAL ESTATE TAXES

Real estate taxes, often referred as property taxes are imposed on real estate properties by local governments, typically based on the value of the property. Here are some key points about real estate taxes. Let's talk about assessment, properties are assessed by local tax authorities to determine their market value, which is then used to calculate the tax owed. There is a tax rate established by the local government which is applied to the assessed value of the property. This rate can vary widely depending on the location and local budget needs. The usage of revenue generated from real estate taxes usually funds essential public services such as education, public safety, infrastructure maintenance and local government operations. Click link to learn more about property tax increase /PROPERTY-TAXES-INCREASE---32819---32836---Dr--Phillips-6-26692.html

Property taxes are typically paid annually or semi-annually, failure to pay can result in penalties, interest or even foreclosure in severe cases. Property owners have the right to appeal their property's assessment value if they believe it is incorrect, which can potentially lower their tax bill. Understanding real estate taxes is crucial for all homeowners and investors alike, as they can significantly impact the overall cost of owning property. If you have specific questions about real estate taxes in a particular area feel free to contact your local property appraiser office. When purchasing a home with your trusted advisor, they may suggest that you contact you property appraiser office. Remember the current taxes on home prior when you purchase, will not necessarily remain the same. Click link to learn more about property taxes /PROPERTY-TAXES---32819---32836---Dr-Phillips-6-20255.html

EXEMPTIONS 

Exemptions and deductions in many jurisdictions offer for certain property owners, such as veterans disability, senior citizens or low-income households which can reduce their tax burden. Homestead exemption is often available to homeowners on their primary residence, reducing the taxable value of their property. Eligibility criteria can vary by state. Property owners with disabilities may qualify for exemptions that lower their tax burden depending on local laws. Local or State-Specific exemptions in various local governments may offer additional exemptions for specific categories such as agricultural land, churches, historic properties or renewable energy installations. 

Surviving spouse exemption in some states, the surviving spouse of a deceased veteran may be eligible for tax relief. Church and charitable organizations owned by non-profits, such as churches or charities may be exempt from property taxes. It is important for all property owners to check their local tax assessor's office to understand the specific exemptions available in their area and the eligibility requirements. 

TRUSTED ADVISOR

As a trusted advisor, professional realtor and retired military veteran I am here to serve you in the Dr. Phillips and Central Florida housing market to purchase or for the sale of your home. In the absence or trustworthy information whether it's a housing crisis or local housing market, real estate decisions are being driven by fear, uncertainty and doubt. We as trusted advisors drive the real estate community to ensure you are making the right decision.

Part of my job is to keep you informed and educated of the local housing market trends, pricing and inventory level, buying information on the buying and selling process to include common terms and videos. It is important to keep up to date on market trends, don't get confused with the media, they talk national data, I can provide the most up to date local area data.

So don't let this shifting housing market delay your dreams, data reveals home values typically appreciate over time and that gives your net worth a nice boost. When you are looking for a home, look for a realtor with the heart of a teacher. If you are ready to start your journey, Contact Kevin Strawter at 850 496-6412 to begin a new walk to homeownership and all your real estate needs. Referrals always welcomed.