topic Re: Tax Relief in Community Chat

Tax Relief

QVCkitty1 — Thu, 30 Aug 2018 13:45:52 GMT

I just brought my mail in, and I saw a mailing from the state dept. of taxion. As a confirmed nervous Nellie, I was sure it was not good news. To my relief it was a nice check for property tax relief because my school district complied with the property tax cap. It was tax relief in more ways than one. LOL.

Re: Tax Relief

Annabellethecat66 — Thu, 30 Aug 2018 13:50:05 GMT

@QVCkitty1 Thanks for posting your good news. We don't hear any good news these days. Hummm??

Re: Tax Relief

QVCkitty1 — Thu, 30 Aug 2018 13:56:56 GMT

@Annabellethecat66 wrote:
@QVCkitty1 Thanks for posting your good news. We don't hear any good news these days. Hummm??

@Annabellethecat66, thanks, it's not a big deal in the grand scheme of things, but it's always nice to get a check.

Re: Tax Relief

Annabellethecat66 — Thu, 30 Aug 2018 14:11:37 GMT

@QVCkitty1 I totally agree with you! Anything extra is nice, isn't it?

Re: Tax Relief

meallen616 — Thu, 30 Aug 2018 14:15:08 GMT

Good for you!

Re: Tax Relief

Caaareful Shopper — Thu, 30 Aug 2018 14:26:38 GMT

Good news!

I wish I could say the same; no tax relief my way at all.

Re: Tax Relief

fthunt — Thu, 30 Aug 2018 14:58:44 GMT

Received my check couple of months ago - not huge but I'll take it.........mailbox fear to see return address ....fear walking back to house...fear as you open and then WOOO YEA YEA!

Now the first of Sept school tax bill donkey is comes. Don't think this one is going to be kind to me; but a possible refund next year.

Re: Tax Relief

151949 — Thu, 30 Aug 2018 15:09:26 GMT

Our new next door neighbor is very upset that his property tax bill is way higher than the previous owner. Well, first of all , the value of the home increased significantly since the height of the recession in 2010 when it was originally sold, & her taxes were based on the original assessment,also, previous owner was a full time resident who got homestead relief, but the current owners are snow birds. He called my DH to complain and when my DH explained this to him he was not very happy. Shouldn't his realtor have told him what his taxes would be? I thought that was a standard thing they do.

Re: Tax Relief

fthunt — Thu, 30 Aug 2018 15:33:06 GMT

If I'm the buyer I certainly would 'ask' even if the Realtor didn't state it. And.......at the closing (depending on the time of year) the seller usually gets back some of the $ he has already paid for taxes for the upcoming year. Apparently your neighbor was asleep at the wheel during the transaction!

Re: Tax Relief

software — Thu, 30 Aug 2018 15:45:56 GMT

To be honest, I don't rely on a realtor for information like taxes, school districts etc.

If it's that important to me, I go right to the source for verification.

I rely on a realtor to find me a house and help me with negotiations.

Or to sell my house, if that's the case.

That's also why I pay for a home inspection when buying

I hope to get a break on my taxes this year, now that I'm 65.

I should know something in October

Congrats on your check!

@QVCkitty1

Re: Tax Relief

Lipstickdiva — Thu, 30 Aug 2018 16:21:18 GMT

Our property taxes are a year behind. When a house is sold, the seller pays the real estate taxes up to the closing date of the sale and that money is subtracted out of the proceeds from the sale. But the seller and buyer should both know that figure and do the math because the title company doesn't always get it right.

Our county just did a re-appraisal and most property values went up. That means an increase in our real estate taxes. I just got a letter in the mail yesterday about how much our home value increased. That in turn caused my real estate taxes to increase nearly $300.00 for the year.

Our rental houses increased so much that I am going to file a complaint over the valuation. I dread how much our taxes are going to increase on those properties.

Re: Tax Relief

QVCkitty1 — Thu, 30 Aug 2018 16:29:14 GMT

@fthunt wrote:
Received my check couple of months ago - not huge but I'll take it.........mailbox fear to see return address ....fear walking back to house...fear as you open and then WOOO YEA YE@fthun
Now the first of Sept school tax bill donkey is comes. Don't think this one is going to be kind to me; but a possible refund next year.

@fthunt, yes my school tax bill will be coming any day now, and it is always major, but this does take some of the sting out of it.

Re: Tax Relief

BirkiLady — Thu, 30 Aug 2018 19:14:22 GMT

@151949 Doubt the Realtor would know in FL. It's the homeowner's responsibility to find that information out from the County Assessor.

Hopefully, a good financial institution would have provided that information to him when completing the sale if taking out a loan, since taxes and insurance are paid at time of closing. His bank dropped the ball OR he wasn't listening. We always checked for ourselves when buying property.

Have always been curious why FL doesn't re-evaluate every home annually or semi-annually? Seems like the State, schools, Fire and Police, etc., are loosing a lot of money by waiting to increase taxes on property until a sale goes through (often many decades later as in my sister and BIL's case).

ETA: I have no idea what neighbor's pay for taxes, insurance or anything else. We were raised not to be curious about other people's finances or personal affairs.

Re: Tax Relief

bonnielu — Thu, 30 Aug 2018 19:12:25 GMT

Not in our area. The best I can hope for is my EBATES rebates. LOL

Re: Tax Relief

151949 — Fri, 31 Aug 2018 04:12:30 GMT

I haven't bought an already existing house since 1970s so I can't remember how they figured out the property tax for the closing. When you build a new home it is pretty cut & dried, because the price of the home has already been agreed upon and the assessment gets based on that amount. When we listed our house for sale both times we were asked to submit information like property taxes, utilities monthly and what we pay for insurance. Things like utilities and insurance are just to give the person a range of what they may pay, as those are not going to be the same depending on what you purchase ins. wise or your uses of utilities.

Re: Tax Relief

chrystaltree — Sat, 01 Sep 2018 14:24:05 GMT

@bonnielu wrote:
Not in our area. The best I can hope for is my EBATES rebates. LOL

Never heard of such a thing either. It's probably places that have older, clunky tax collections systems so after they crunch the real numbers, some homeowners get rebates.....others get bills.

Re: Tax Relief

maryon — Sun, 02 Sep 2018 13:09:44 GMT

@bonnielu wrote:
Not in our area. The best I can hope for is my EBATES rebates. LOL

Lol!