Friday, October 10, 2008
Home values:
It is Florida law that the value of a home for tax purposes be based on the value of homes in your neighborhood and not on the actual purchase price if it was a short sale or foreclosure. So if you purchased a home $50000-100000 below market, the assessor will still use the higher value.
It is Florida law that the value of a home for tax purposes be based on the value of homes in your neighborhood and not on the actual purchase price if it was a short sale or foreclosure. So if you purchased a home $50000-100000 below market, the assessor will still use the higher value.
