South Florida Home Owners Shocked By New Property Tax Assessments
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- Опубликовано: 2 июн 2024
- Homeowners in South Florida are getting their annual trim notice, a sneak peek at what property taxes are likely to be for 2022.
#cbsnewsmiami #news #southflorida #fortlauderdale #broward #browardcounty #miami #miamidade #propertytax #homeowner #homeownership
I've noticed that when property values go up, property tax goes up. And I get that. But when property values go down, it doesn't seem to work in reverse.
you elect the people that decide FYI
It can if you appeal the assessment.
it does work when value goes down
@@mrsmcdonald9363 I've appealed 3 times and won 3 times. But why should have to do all of that? Shouldn't the tax fluctuate with the property value when it goes in either direction?
@@DL-ep5uk Florida doesn’t have income taxes. So taxes are on property.
Not just in Florida, it's everywhere.
Atlanta is killing me!!!!
Yeah Texas is crazy $$$$
@@hahahahaha7069 You're right!!! I just sold a house in DeKalb County because utilities + taxes are OUTRAGEOUS!!! If you can life somewhere else like Florida's central gulf coast, like an hour north of Tampa, it's extremely affordable and everyone's life matters down here!!!!!! LMFAO
@@Kenny-bj2zq cosign high property taxes in texas !!!!
California has Prop 13 to control it.
It’s not just south Florida I live in a small town in Washington state and my home owner taxes went up substantially
I believe that if you refi with new appraisal, your assessed value goes up more than the usual annual increase. Many of us refinanced at new rates.
Nope. It doesn’t increase with refi lol
Assessed values do not increase with refinancing, but they do when the property is sold meaning that there is a new owner.
Taxes are being raised everywhere to make home ownership harder and easier for the mortgage companies to buy up all the properties for rental.
na taxes are being raised because the things the taxes pay for cost more
You will own nothing and be happy 😢
Why would this be a surprise to anyone?
Right?!? That’s how it works. Everywhere. Duh.
Florida has no income tax so the revenue has to come from somewhere. There is no free lunch.
Exactly!
Yep! And especially since majority of the people who move here, are retired. And they are exempt from most if not all of property taxes. So the working residents will be responsible to make up that loss money trust me. My property taxes have tripled in the past 4 years
@@underground9260 What is the situation with the home owner's insurance in Florida? I heard insurance premiums went up significantly after that last hurricane.
@@tacocruiser4238 i haven’t gotten my renewal yet until June. But so far, my yearly insurance premium was a little over $4300. My neighbors nearly doubled, and they are very concerned and scared that they might not be able to afford it long term. If that happened to me, I won’t be able to afford it.
I do have plans on leaving Florida in the future. Which is sad because south Florida is my home and is everything that I know of. But the transplants are destroying and not respecting the land here, and the policies have become hostel to a certain degree. Mostly transplants are causing the problems.
I know a lady who lives in Ft.Lauderdale a few blocks from where I used to live. She told me last year her house a 2/2 was valued at $379.000. The house next door to her is a little smaller but is now valued at $850.000 so I guess now her property tx will up to match the one next door ?
Not how property taxes work down here. The people in Dade County, where I live, complaining about massive increases are dolts which bought a house in 2021 and, come January 2022, their assessed value goes up based on the new value. The lady you know sounds like she lived there for a while and her assessed value will not rise anything above the cap allowed based on her prior years assessed value.
Only $500??
Try almost 2,000
What a sham. Just got mine today $45.82 for the year on 4.3 acres. Benefits of living in mountains I guess.
Well guess what, they are going to be shocked how those property insurance companies are going to increase those premiums too. Providing your company will allow you to even keep your coverage. Insurance companies are not your friend, they pay politicians big bucks in campaign funds and the politicians cater to the private insurers because they want that money. Mortgage rates will go up because those insurance premiums will be going up.
In Texas home insurance has definitely increased alot ....Florida after ian will be insufferable
Big business may pish posh global warming, but they know the truth and rates will skyrocket there.
Except Florida Constitution clearly states that property taxes are unlawful. Read your State constitution.
Sooooooooo, where is your "freedom fry" Republican Governator and your elected reps. DOING about this?? Blaming the Democrats in OTHER states??
Didn't the voters vote for this increase in South Florida? Last I check it was on the ballots and many did... The people believed Runcie and voted for this ..
I live in a 2 bit town in Texas, where paving the streets consists of spreading tar, and rock over old tar, and rock, and this is also the city's answer to massive potholes!
Taxes here are high due to all the people moving here from other states, but we the over taxed taxpayers, still can''t get decent streets!
Taxes would be LOWER with "all the people" moving here from other states. It's a MYTH, and you're buying into it.
Just because the tax rates increase/are collected-doesn’t MEAN that lawmakers have ANY better skill set at using those tax dollars wisely.
It's the same here in Los Angeles.. former mayor was the " Pothole King" " gonna fill a million potholes" did over 10,000 . . Streets and sidewalks need huge fixes.... now!
Same here in Oregon it's so bad 👎 we don't even have 1 speed bump in the whole town. Don't need them we got potholes that have never been filled unless we steal river rock and drop it in ourselves
@@mylamberfeeties875 It depends on what town you live in. I live in Medford and the roads are above average. Where do you live?
There's a bunch of people not gonna pay because they no longer have a home due to the storm..
Yeah, how does it work in that situation? I wonder.
It's everywhere. Not just homes. I'm in VA Our automobile taxes have more than doubled because used cars prices went up. My homeowners property tax has also gone up ,a lot. Lived in my house for 20 years and this is the highest it's been. And just before the housing market crashed in 2008, our house was worth more than now.
This. Its BS how UnFairTax County is ripping off residents. This area cost too much to live in to begin with. Got the stupid pretax letter today.
The one good thing about old age in my state - when you hit 65 - a homestead exemption kicks in. Knocks 40 grand off the assessment. Looking forward to next year bc my taxes went sky high this year.
I’m disabled, and don’t have to pay property tax where I live. Yet.
We already have homestead tax exemption in florida. You don't need to be 65. If you are 65 and you apply for more exemptions you need to qualify. ( be dirt poor, etc). It's not enough to just be a senior.
Property taxes is an exact reason you don’t owe the lien you just rent it from the county
Exactly. Even if the house is paid off, it’s never yours…. I love the freedom in this country
@@charlesrivers2647 Its money that is used for infrastructure and public services. if you want to participate in Americas economy your gonna pay taxes. if you don't like it maybe you should organize a group to go to the council meetings and resolve it.
@@Ap_twsh get off it. we never see any real value out of our taxes like other countries. home ownership is a scam
It’s not like that but seems like it if you drive on the roads or desire to live in a community with people who can get a public education or have kids your property tax pays for that you opportunity to drive on paved public roads and schools in the community
@@LemonLimes99 no way paying for someone else to own a house you rent is a scam
I have a condo in the Philippines, my property taxes are $100 a year. If I still owned my house in Australia it would be $2000 a year
The problem being you have to live in a 3rd world country with a murderous madman as the leader of the country. It should be cheaper!
Jeez if my home increased in value. YAY.. that's a win. Also, there is no income tax in FL.. just saying.
You get what you voted for. May the odds be in your favor. That's why I left that constant drain on my wallet.
You should not have to pay property tax on market fluctuations because you don't have access to that value unless you sell it. Why should some granny who has lived in the same house for 50 years and is no longer employed have to pay taxes on it's current value? We are forcing the elderly out of the only home they have ever owned.
Why did you pick Florida? My taxes have gone up every year for 4 years. Illinois has some of the highest property taxes...is it because main stream media doesn't like the governor?????
They'd better get those appraisers back out there, after this hurricane!
FL is becoming TX having craxy taxes...... DeSantis should also look into this as well
It’s an America thing not just Florida
It's very simple, the city is chasing its tail and can't catch up. Developing a new neighborhood is cheap in comparison with the cost to maintain streets, sewers in the long term. New people coming in have a new tax base.
this is normal and shouldn't be a surprise
At least the two women they interviewed were jolly about it. Hey! Maybe they should start a glee club.
So homeowners wanted to lower payments by refinancing at higher appraised values but are upset when their homes are taxed at those higher values? That's how it works, guys.
They raise it whether you refinance or not.
So are they going to pay their bills now if their houses are gone? And I thought Florida was supposed to be a cheap place to live.
Why should property taxes be related to appraised value rather that the cost you originally paid for it.
At the same time as home values are going down, now about10% and projected to hit 50% from where they are now, from a county appraiser.
When a mass influx of people come here and drive real estate prices through the roof, that's what happens.
But the housing market is slowly starting to crash. So maybe in a couple of years they'll go down.
true...
Never seen property taxes go down ever
LOL 500$ is scary, try 30%.
Fla needs a Prop 13.
I am telling you guys…the county appreiser is causing all this chaos
all part of that American Dream I've heard so much about.....lol
My humble home has been paid off for 5 years now & all the money I've saved not paying rent close to a grand a month goes into my savings. My prop tax is $1.3K a year. I'd rather pay that once than every month, lol.
the american dream is what you make of it. if your lazy and dumb you'll just complain all your life.
When you move to a state because it doesn’t have an income tax…
Thank you your Governer
Wow! I just find out in October.
What about properties wrecked by the hurricane? Hopefully not taxed.
I wonder if property taxes drop like property values will, due to the drop in the market, in the wake of Ian. Probably not, it only seems to work one way.
Thanks Governor Ron , Florida's money grab !!! 👎👎👎
2 things are guaranteed in life. Death and taxes.
😂
@@1crystalball419 it’s the truth. Tell me I’m wrong 🤷🏿
not if your smart
Property Taxes can only go up 3% in most Florida counties if not all counties.
But only if you’re homesteaded.
They increase the non ad valorem taxes.
Sewage, fire, mosquito spraying. That way they get around the 3%
If there’s anything done right in California is proposition 13 which property tax is based on purchase price and capped at no more than 2% per year. I say all States should have similar law to protect home owners from losing their homes due to high property taxes.
Born free , taxed to death
How will this effect those that received floodings damages are they still responsible
Most probably. Infrastructure must be repaired and that's gonna cost a ton of money.
The market is taking a dive, will the tax go down appropriately? My home owners insurance is going from $1500 to $2000 because they say my house is “worth” much more according to market value guesstimations. 🤷🏼♂️
the insurance will go up because of the increase in labor and materials cost increase due to inflation.
My homeowners went to 2900 ... Some people's insurance got cancelled.. happens everywhere
Ask the politicians to LOWER the millage. Of course do not hold your breath.,
I live in gainesville /Alachua County….highest mileage rate in the state!
Put money in reserves, "IT IS NOT YOUR MONEY" !!!!!
Good keep voting republican
Unregister your Land with your home on it and your Land/house will be removed from the tax rolls. You voluntarily registered your deed with the he County giving ownership to the County so now they can charge you Taxes. When ever you register anything in this Country including your cars, trucks, Motorcycles etc you give the registering agency becomes the owner and you become the holder in due course. That's why you don't get the true title which is the MCO or MSO. A Certificate of Title which is what you get is not a title. It just certified that there is a title somewhere. The owner, the State has it. Why? Because you donated the car or whatever it is to them when you registered it. You can unregister anything due to Fraud. No one told you you were giving up ownership or that you would be charged an annual tax. This should have been told to you. You should have been told that if you don't register your deed you won't have to pay property tax. But your weren't. That's Fraud. The department of motor vehicles only has authority over commercial Vehicles. Research it. I too was suckered. Remove your house from the tax rolls and end their thievery.
Love Prop 13 in CA. Raise my taxes all you want @ 1 % a year.
I can't imagine paying high taxes to live in what amounts to a big swampy trailer park.
I wonder how this will pan out now that a lot of that state was just destroyed.
Add that to their insanely over inflated insurance rates ...
All the property in hurricane Ian path is worth zero now, so no tax bill.
follow the money
In Westchester Co. NY houses that were 600K went to 1.5M. Yes the taxes went up and people sold for big 💰. FL is no different. Get your money and run.
Oh that’s a lot of increased it’s not like here in California not much increase. How’re you doing?
yup people should sell so you'll end up getting priced out somewhere else one way or another like these people.
Will property taxes still go up after Ian?
It's very probable. But if you've lived in your home for a few years, it's capped at 3% thanks to DeSantis.
@@RealCptHammonds In 1994 the State of Florida established a 3% Save Our Homes Cap (SOH) assessment limit on all residential properties that receive a homestead exemption. Your Ignorance is why you need a Daddy like DeSantis.
maybe people should research before buying homes.. when you buy a house over assessed value.. the new assessed value will be closer to the value you purchased for.. with houses over assessed value now insurances goes up also over those assessed values
Vote for politicians that will actually LOWER YOUR TAXES. Small government, small taxes. Also, KEEP FLORIDA FREE!
Same vote will do both.
Hint: DON'T VOTE DEMOCRAT!
they should pass law that they are required to buy your home at 75 per cent of what they say is value....this would stop them for over pricing homes
500 dollars is nothing.
Oh wa. Move to NY. I pay 16k on a 1300sq ft house built in 1950.
Wait till you see your insurance bill
My last property in Ft Lauderdale I bought in Jan of 2004. In Nov of that year the property taxes QUINTUPLED!! Yes you read that right. They multiplied by five. I had to take in a lodger. Oh happy happy joy joy. What a pleasant memory that is. NOT!!
I moved out of Florida and totally changed my way of life such that I don't have to worry about any of that nonsense anymore. Owning property in Florida kept me poor. It wasn't until I got rid of the property that I actually started being able to put dough away for retirement. How ironic eh?
What state u in now
@@marius666 Why?
@@izifaddag8221 i wanna move to florida
@@marius666 You will need a good job and lots of money. It is a very expensive place to live in. The area that has just been hit was mainly very wealthy people.
Miami is not a bad place to start. Forget the Keys. There is very, very little manufacturing and agriculture is poor paying and labor is mostly Mexicans in the south. There are a lot of service jobs like banking and shops. I went there in 1984 and it was a very different place. Rent is expensive.
I am afraid most of my knowledge is about the south. The panhandle and the north I don't know much about. After a while there you feel as though you are at the end of the earth. I wish you good luck.
@@izifaddag8221 im from NYC where everything is stupidly expensive. I plan on doing law enforcement in florida.
If it’s your only home, in fl your property tax can only go up so much regardless of assessed value.
Yep. It's capped at 3% thanks to DeSantis.
We live in Portland Oregon ,in our state is worth them all USA.
My son's property tax went up $1100 last year.
I don't know how much will go up this year.
It's just crazy $8,200 just regular city lot nothing special.
First sentence?
Limited to $10,000 itemized deductions STATE and LOCAL taxes.
The voters should do what Californians did over 30 years ago with California Prop 13. It fixed property taxes at that current value, and could only be raised by 1 to 2% a year. A home sold would then be re-assessed to the current market value. This saved many long time home owners from getting taxed out of their homes as property values skyrocketed. Also, recently Californians passed a tax law that allows homeowners to carry their old assessed property tax value from their old home to a new one.
*Why does everyone fail to realize that taxes in America are pretty new as far as the age of our country is concerned also we didn’t pay ANY taxes and the credit system they use to judge your worth as far as property was only created in the late 80-90’s, so the struggle for our generation is harder compared to back then, as a parallel*
What are the taxes being used for ?
Charter flights for illegal immigrants. 🙄
So who let the illegal immigrants here? Biden and Harris
@@lamgihomnay49 they were sent on flights all over the country but everyone wants to pretend that this wasn't taking place for a while now ...
@Rich Casino and bad 😞 boys criminals with a unique savage culture
Unionized Republican government workers that can give themselves raises anytime.
Mine went up almost 2,000.00 🤦🏾♀️
I would appeal it if I were you…
Interesting.
Property tax has always been wrong & it will always be wrong.
Somebody has to pay for Ron's white boots.
If you want low property taxes you can move to Homosassa Springs, and even there they’ve gone up. That being said, FL is still one of the lowest property tax states in the nation. Which adds another reason why Californians and New Yorkers, among so many others, continue to move to FL.
And when the GET to Florida, they find out WHY taxes are (relatively) low. 🤔
De-fund the politicians.
they call it a tax
but really it's rent
you don't really own your house 🏡
If property goes up your taxes will go up too!! It is that simple! Unfortunately the raised in property values could be another bubble like the one we had with Obama! Pretty soon with the raised in mortgage interest rates, those whom purchased a home with a variable rate usually sadly ends up in foreclosure!
You mean the bubble that popped once his presidency started. Bubbles inflate over a long time, not 1 or 2 years.
Obama didn't CAUSE the housing bubble. He INHERITED it and had to FIX IT by bailing out bank CEOs with money borrowed from China.
the bubble happened during the last year of bush, but it always starts to fester years before in any bubble.
@@gino007able I hear you but I take issue with ‘bubble happened in the last year of bush’. Bubbles are formed over presidential terms in these cases, the ‘bush’ one started in 2000. Where and when it pops is almost irrelevant and not causal to the president in which it pops under. In fact, corrective policies may accelerate a bubble popping which is the ultimate medicine to a growing bubble. Bottom line, its hard to claim a bubble to one president. That’s all I’m saying.
@@rfalas what I meant to say was the balloon popped in the last year of bush. I also stated it started to fester years before. 4 banks own most of the assets in America and like in baseball the old squeeze play to get rid of a runner. do you remember the term lier loan? lawyers destroy everything.
People who move to states with no income tax forget all states operate on revenue of some source. And RE taxes are the big hit in every state. Come to Mn where we get both as Dems never found a tax they didn’t like.
People making more should pay more, however, the Rs think it's the other way around, An example is the huge tax cut given to the wealthy including Trump.
@@bobbyjohnson2956 interesting in that the majority of the super wealthy are Dems.
Still better than paying rent
Is it?
Have to be able to get into a home...then have enough equity and pray on a refi..... I'm making $24 hourly and have my own business in the side. I'm having trouble finding a rental.... and when i do will take about 60% of my income to live alone and maybe 40% if i deal with a stranger aka roommate.... we are all fuked
SORRY TO SAY I GOT MY HOUSE NINES YEARS AGO. DID ALL THE WORK. EQUITY UP THE WA ZOO. I ONLY PAY 600. 😁 GOOD LUCK
@@mischaraine1645 Thanks. Enjoy your weekend
@@TALLXXL $600 lol damn you're lucky. Our mortgage is $2,100 and we bought at the end of 2019. Rental prices scare me tho, a equal home to mine rents out to $3800/month 😬. It's cool to have equity but these prices are pushing friends and family away.
Well it sounds like California Texas is coming to your town too that's their agenda
You know, you can file an appeal.
You never really own your house.
Wait until they get their new Home Insurance bill
Can't raise taxes if the property has been destroyed by Ian.
Here you all cry when certain people move into your neighborhood and cry about the value of property will go down. They go up and you still all cry. No pleasing the rich folks these days.
Welcome to the New Yorkification of Florida.
It’s ridiculous how much we have to pay on taxes , my tax went up over $ 2.000 so yeah, pretty upset
What's shocking???!!!🙄😂
Annual extortion notice or a glorified shake down.
Property taxes are a total scam. A tax is a tax is a tax and property taxes should be a function of your income.
These big increases if if you want to call them that, occur to people who only lived in their house a year or so. Once you live in your house for more than a year or two, any increase in appraisal is limited to 3%. Also the alleged news report didn't say how much the taxes were before the increase. $500. That may be only 5% or so depending on the value of the house.
These people bought these houses are new purchasers and thus are subject to greater property taxes. If they continue to live in Florida they will find that their property taxes are much less did most places in the country.
Been happening to homeowners who have lived in the same house for years and now they are paying attention to the tax bill. Bad in every county assessors office in every state. Jackson County in Missouri estimated too much on inner city property for two years for two years and people fought back.
Sumter county went down.
The way the property taxes are done are not right it's not fair.
All the credit and equity you get from higher home values and the mortgage tax write-offs, that poor people never see. What babies. It's SO hard being wealthy. And if you're old and can't afford it because you squandered your equity all along.. Sell it. Jeesh.