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Taxes and Insurance Issues
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When Purchasing in Florida, be advised that your property tax will be based upon the, " SALES PRICE " which will amount to approximately 1.25 to 1.50 % of the "Sales Price" if you HOMESTEAD the property. The State Of Florida, does have a program called "Save Our Homes" which does give a exemption on the assessed value of $25,000. Currently, our State is looking at raising that exemption to a larger figure, but at this time, it is still being negotiated.
So, please, when looking at a MLS listing sheet and viewing the tax amount, take into account that this amount will more than likely, change.
Also, be advised, that property insurance is required for all that have a mortgage. When looking at a property, we will inform you of the insurance issue that may affect the property that you are looking at. We do have a number of insurance companies that we can refer you to that are reliable, if you do not have one to contact. Please check about the insurance BEFORE placing a offer on any property. |
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