A home buyer should not rely on the seller’s current property taxes as the amount of property taxes that the buyer may be obligated to pay in the year subsequent to the purchase. A change of ownership or property improvements trigger reassessment of the property that could result in higher property taxes. If you have any questions concerning valuation, contact the county property appraiser’s office for more information.
Charlotte County Property Appraiser – http://www.ccappraiser.com/
Sarasota County Property Appraiser – http://www.sc-pa.com/home/
The home you are interested in purchasing may be homestead. Homesteading caps the tax assessments on the home during ownership.MLS records do not necessarily reflect current tax assessments. For more informatoin on homestead exemptions visit the Florida Department of Revenue web site at: http://dor.myflorida.com/dor/property/taxpayers/exemptions.html
Florida provides for a $25,000 exemption, which is deducted from the property’s assessed value if the owner qualifies. You must file by March 1, possess title to the real property, and are a Florida resident living in the residence as of January 1 of any given year to qualify. Additional exemptions can be found on the web site above.