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Real Estate Taxes in Broward County
Date: 01/31/2009 / Category: Business Strategies
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When you purchase real estate in Broward County Florida, you are paying taxes based on 85% of your property market value as of January 1 current year.. Your low "short sale" or foreclosure price will be taken into consideration for your ad valorem taxes next year, so your taxes will go down.
If you are purchasing a primary residense, calculate the tax like this: take 85% of the purchase price, deduct $25,000 homestead examption, deduct $208.75 and multiply by 1.96%.
Then your assessment can only increase 3% per year or CPI, whatever is less. Currently CPI is about 0.001%.... continue reading >>
