In a message dated 7/29/2007 8:20:29 A.M. Eastern Daylight Time,
dhallam@rapidsys.com writes:
As an aside on taxes, there is an "interesting" situation
developing here in Florida over property taxes. Property is assessed at the
sale price. Once the value is set, taxes cannot rise more than 3% per year
as long as you live in the house. If the property changes hands, the
assessed value becomes the new sales price.
Hey come on, this happened to me 21 years ago in Connecticut. When I bought
my house in the early 80's the real estate agent told me what the taxes were
on the house and property. Typically they would put that figure right on
the house real estate listing. After all, people need to budget, and know
what
their taxes are going to be. Well, shortly before I bought the house our
town hired a NEW tax assessor. Well the house had been owned by the previous
owner for some time, I come along and pay a lot more than he did some years
back. Ok, no problem, but after I bought the house, the tax assessor sent me
a
whole new tax bill based on the sale price of the house. I complained, but
he showed me right in the laws where he had the "power" to do that. The
previous assessor was a "nice guy" and he didn't do that. He let the house
get
re-assessed when the whole town got its assessment upgrade every 7 years. SO
new buyers got a free ride for a few years anyway. If you investigate this I
am sure you will probably find they have been able to do this already. Lou
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