Clearwater Florida – Many of you have read my articles explaining Florida Real Estate Property taxes for Tampa Bay homeowners and the changes Amendment 1 brought about. If you or anyone you know bought a home or condo in Florida and moved from one homesteaded property to another in 2007 then please listen up, you’ve got to act fast to benefit from the new property tax portability benefits of a 3% cap on your new Tampa bay property as well as trasferring some property tax equity. This could save you thousands of dollars this year and every year after.
How big of a difference does it make – we know someone who downsized before we had Amendment 1 in 2006 and they sold a $400,000 home and bought a $200,000 home and their taxes doubled (so really they went up 4 time since portability didn’t exist) and that translated into about $2000 a year more they will pay in property taxes FOREVER. Don’t let this happen to you.
Read More:
- St Pete Time’s Amendment 1 Special Report
- Pinellas County Property Appraisers Portability Calculator
Which Tampa Bay Homeowners who must act now
If you purchased a new house in Tampa Bay from January 1, 2007 to December 31, 2007 you are the big winner if you act now because you can prevent your taxes from jumping on your new property by moving what I like to call “your tax equity” to your new property but it’s NOT automatic. So what do you need to do? Here’s the process…
What’s the Property Tax Portability filing process?
You must fill out forms at your county’s property appraiser office and bring something with your new address on it. This can be:
- your updated driver’s license,
- your voter registrration card or
- your vehicle registration.
- and if you are a resident alien bring your green card too.
How do I find out more information about Tampa Bay Property Taxes?
Local Tampa Bay Property Appraiser’s Office
- Pinellas County Property Appraiser’s Office: (727) 464-3207 or pcpao.org.
- Hillsborough County Property Appraiser’s Office at (813) 272-6100 or hcpafl.org.
- Pasco County Property Appraiser’s Office: (352) 521-4433 or http://pascocounty.gov
It’s still a home buyers market so if you are looking to buy property – check out the Tampa Bay MLS and see all the Tampa Bay real estate for sale right now.
Cyndee Haydon is a Waterfront Real Estate Specialist and Broker Associate (BK3142780) with over 20 years of full-time experience in Pinellas County Gulf Beach communities. She has helped more than 450 buyers and sellers and closed over $230M in waterfront homes, beach condos, and short-term rental properties across Clearwater Beach, Belleair Beach, Indian Rocks Beach, Indian Shores, Redington Shores, North Redington Beach, Redington Beach, Madeira Beach, Treasure Island, and St. Pete Beach. Cyndee specializes in waterfront and short-term rental “going concern” sales, with more than 90 STR transactions, and brings deep experience with1031 exchanges, flood zones, insurance exposure, permitted use, and regulations that directly affect value and long-term ownership. She holds the CLHMS, RSPS, and CRS designations.