Real Estate Property Taxes

New property tax laws are pending approval which will greatlly reduced current property taxes. It is up to the public to vote on the bill Janurary 29, 2008. To determine your current property taxes, subtract 25,000 from the Assessed Value and Multiply by the Tax Rate. More informative information about taxes my be found on Hillsborough County Tax Collector, or Pasco County Tax Collector. You can obtain additional details from the Florida Department of Revenue.

To research information on a specific property, visit the website of the county's Property Appraiser's office. Once link is open search "Real Estate and Tangible Records."

Save Our Home Valuation Property Taxes

Based upon a 1992 constitutional amendment enacted in 1995 limiting valuation increases to no more than 3 percent a year. This CAP limits annual increases in assessed value to 3% or the change in CPI, whichever is less. The proposed legislation would allow buyers of new homes to apply their Save Our Homes advantage to a new home.

Other Useful Links

• Hillsborough County Government
• Property Appraiser (assessed values, sales data, property tax estimator, etc.)
• Tax Collector (property tax and millage information, drivers licenses, auto tag info )
• Clerk of the Circuit Court (deeds, mortgages, liens, foreclosures & more)
• Community Development Districts
• Greater Tampa Chamber of Commerce
• Pasco County Government
• Property Appraiser (assessed values, sales data, property tax estimator, etc.)
• Tax Collector (property tax and millage information, drivers licenses, auto tag info
• Clerk of the Circuit Court (deeds, mortgages, liens, foreclosures & more)

Home Owner Associations

Like many other states, The State of Florida has long recognized Home Owner Associations (HOAs) as a special type of not-for-profit corporation. HOAs are adequate to address issues such as enforcing deed restrictions. When it comes to financing major capital improvements, however, HOAs do not have a broad powers. HOA fees often range from $100-2000. The amounts listed are per year. HOA dues vary widely. Most planned communities have a pool, tennis courts, park etc; and many are gated, some with guards.

CDD - Community Development District

Florida law provided for the establishment of community development districts (or CDDs), to pay for costly, up-front infrastructure needs. A CDD can obtain infrastructure financing through utilizing tax exempt district bonds. These bonds are repaid, usually over a 20 year period, through an annual property tax assessment. CDDs are often used by master planned communities to build roads, water management, waste/sewer, schools, conservation areas, streetlights, bridges, parks, swimming pools, golf courses, security etc.

Click here to search the State of Florida database of Special Districts. There are currently over seventy active CDD's in Florida.