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When a bad idea goes good and when a good time turns into a bad time!
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<blockquote data-quote="moreluck" data-source="post: 831758" data-attributes="member: 1246"><p>I can't believe that Florida has the highest property taxes. Do you just make this stuff up ??? Why would all those seniors move to Florida?</p><p> </p><p> </p><p><strong>The Formula for Determining Your Property Tax (Florida)</strong></p><p> </p><p><strong>Just Value</strong> (market value) – <strong>Assessment Limitations</strong> (e.g. Save Our Homes) = “Assessed Value”</p><p><strong>Assessed Value</strong> – <strong>Applicable Exemptions</strong> (e.g. Homestead) = “Taxable Value”</p><p><strong>Taxable Value</strong> X <strong>Millage Rate</strong> = Total Tax Liability</p><p></p><p><em><strong>Example:</strong></em> Assume Homestead A has a market value of $400,000, an accumulated $100,000 in Save Our Homes protections, a Homestead Exemption of $50,000, and the millage is 5 mills: </p><ul> <li data-xf-list-type="ul">$400,000 – $100,000 = <strong>$300,000</strong></li> <li data-xf-list-type="ul">$300,000 – $50,000 = <strong>$250,000</strong></li> <li data-xf-list-type="ul">$250,000 X .005 = <strong>$1,250 (Total Property Taxes)</strong></li> </ul><p><strong><span style="font-family: 'Comic Sans MS'"><span style="font-size: 15px"><span style="font-family: 'Arial'"><span style="font-size: 15px"><span style="font-family: 'Comic Sans MS'">************************************</span></span></span></span></span></strong></p><p><strong><span style="font-family: 'Comic Sans MS'"><span style="font-size: 15px"><span style="font-family: 'Arial'"><span style="font-size: 15px">400,000 times 1.2469% = $4987.56 if it was here in San Clemente.</span></span></span></span></strong><span style="font-family: 'Comic Sans MS'"><span style="font-size: 15px"></span></span></p><p><span style="font-family: 'Comic Sans MS'"><span style="font-size: 15px"></span></span></p><p><span style="font-family: 'Comic Sans MS'"><span style="font-size: 15px"></span></span></p></blockquote><p></p>
[QUOTE="moreluck, post: 831758, member: 1246"] I can't believe that Florida has the highest property taxes. Do you just make this stuff up ??? Why would all those seniors move to Florida? [B]The Formula for Determining Your Property Tax (Florida)[/B] [B]Just Value[/B] (market value) – [B]Assessment Limitations[/B] (e.g. Save Our Homes) = “Assessed Value” [B]Assessed Value[/B] – [B]Applicable Exemptions[/B] (e.g. Homestead) = “Taxable Value” [B]Taxable Value[/B] X [B]Millage Rate[/B] = Total Tax Liability [I][B]Example:[/B][/I] Assume Homestead A has a market value of $400,000, an accumulated $100,000 in Save Our Homes protections, a Homestead Exemption of $50,000, and the millage is 5 mills: [LIST] [*]$400,000 – $100,000 = [B]$300,000[/B] [*]$300,000 – $50,000 = [B]$250,000[/B] [*]$250,000 X .005 = [B]$1,250 (Total Property Taxes)[/B] [/LIST][B][FONT=Comic Sans MS][SIZE=4][FONT=Arial][SIZE=4][FONT=Comic Sans MS]************************************[/FONT][/SIZE][/FONT][/SIZE][/FONT][/B] [B][FONT=Comic Sans MS][SIZE=4][FONT=Arial][SIZE=4]400,000 times 1.2469% = $4987.56 if it was here in San Clemente.[/SIZE][/FONT][/SIZE][/FONT][/B][FONT=Comic Sans MS][SIZE=4] [/SIZE][/FONT] [/QUOTE]
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