Higher Home Values Mean Higher Property Taxes

 

Higher Home Values Mean Higher Property Taxes

 

 Homebuyers who think property taxes will match the amount the seller had paid often find out rising home values might make them very wrong. Paying your property taxes: Whoever pays early can see some savings.  There’s a discount for paying in November and that starts to peter out as you get closer to the deadline: You’ll see a 4% savings if you file by November, 3% in December, 2% in January and 1% in February. Marty Kiar, Broward County’s property appraiser, regularly gets tearful calls from new homeowners who mistakenly thought they’d be paying the same amount in taxes as the person who owned a house before them. "Save our Homes" is a Florida law that caps the annual increase that a homesteaded property can rise in value to either 3% or the change in the National Consumer Price Index, whichever is less.  You can check online tax estimator to make sure you can afford the taxes for your new home before you buy.