Tampa Bay
Tampa Bay Real Estate News: If you moved in 2007 - Act by March 3rd to claim Portability Property Tax Benefit
February 26th, 2008 Categories: Clearwater Florida, Real Estate News, Tampa Bay
Clearwater Florida – Many of you have read my articles explaining Florida Real Estate Property taxes for Tampa Bay homeowners and the changes Amendment 1 brought about. If you or anyone you know bought a home or condo in Florida and moved from one homesteaded property to another in 2007 then please listen up, you’ve got to act fast to benefit from the new property tax portability benefits of a 3% cap on your new Tampa bay property as well as trasferring some property tax equity. This could save you thousands of dollars this year and every year after.
How big of a difference does it make – we know someone who downsized before we had Amendment 1 in 2006 and they sold a $400,000 home and bought a $200,000 home and their taxes doubled (so really they went up 4 time since portability didn’t exist) and that translated into about $2000 a year more they will pay in property taxes FOREVER. Don’t let this happen to you.
Read More:
- St Pete Time’s Amendment 1 Special Report
- Pinellas County Property Appraisers Portability Calculator
Which Tampa Bay Homeowners who must act now
If you purchased a new house in Tampa Bay from January 1, 2007 to December 31, 2007 you are the big winner if you act now because you can prevent your taxes from jumping on your new property by moving what I like to call “your tax equity” to your new property but it’s NOT automatic. So what do you need to do? Here’s the process…
What’s the Property Tax Portability filing process?
You must fill out forms at your county’s property appraiser office and bring something with your new address on it. This can be:
- your updated driver’s license,
- your voter registrration card or
- your vehicle registration.
- and if you are a resident alien bring your green card too.
How do I find out more information about Tampa Bay Property Taxes?
Local Tampa Bay Property Appraiser’s Office
- Pinellas County Property Appraiser’s Office: (727) 464-3207 or pcpao.org.
- Hillsborough County Property Appraiser’s Office at (813) 272-6100 or hcpafl.org.
- Pasco County Property Appraiser’s Office: (352) 521-4433 or http://pascocounty.gov
It’s still a home buyers market so if you are looking to buy property – check out the Tampa Bay MLS and see all the Tampa Bay real estate for sale right now.
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Clearwater Real Estate | Property Tax Portability Passes - Calculate Your Benefit
January 29th, 2008 Categories: Clearwater Beach Florida, Clearwater Florida, Community News, Pinellas County, Real Estate News, Tampa Bay
Clearwater Florida Election Results are In - Real Estate a Big Winner!
Wow what a day - the great news is regardless of the results Pinellas County is reporting a 37% voter turnout - which tops even the 2000 and 2004 Presidential Primaries. I am an avid supporter of the the right and responsibility to Vote and have your voice be heard.
So for all that voted - thank you for being part of our democratic process!! Amendment 1 did pass so for many of my clients looking to buy a second home or condo in Clearwater - they’ll be happy to know that the 10% per year tax cap passed for all non-homestead owners!
Many of us think it should have been 5% but our thought is half a loaf is better than no loaf - especially in this market! We’re making progress and the journey’s not over but I believe it’s moving in the right direction. I’ve included full detail how to calculate your new Save Our Homes Tax Equity and Portability.
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Clearwater Florida Real Estate Investors and Home Owners Could be Winners Tomorrow
January 28th, 2008 Categories: Clearwater Beach Florida, Clearwater Florida, Community News, Pinellas County, Real Estate News, Tampa Bay
Tomorrow is more than just Super Tuesday in the Presidential Primary Election and local elections here in Clearwater Florida and the Beaches.
In the state of Florida we have another big issue that will get decided on by Tampa Bay residents - it is Florida Constitutional Amendment 1 that has 4 components that will affect our future property taxes if it passes with 60% of the voters voting YES!
Provision #3 is the one most of my real estate investors and second home owners are watching since it will provide much needed help to our non-homestead Clearwater Beach property owners.
Remember when you vote it’s ALL or NOTHING! If the Amendment passes it will be retroactive to January 1, 2008. So I will give you an overview of the four Provisions Amendment 1 covers:
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