Tech Tip for a Thursday – Estimate Your Property Taxes

For some time now, Orange County Property Appraiser’s (OCPA) website has offered a feature that allows potential buyers to estimate property taxes on a home they might purchase.  I have found that many people don’t know about this tool!  It’s a super easy way to know what to expect to pay.  The amount of property taxes can have a huge effect on your mortgage payment since most are wrapped into the monthly mortgage payment.

As you search for a home you will often see property taxes listed within a listing; and some will be very high and others very low.  The taxes are based on the assessed value of the home for tax purposes; but the taxable amount can be reduced by homestead exemption or a few other types of exemptions that you may qualify for.  The homestead exemption could save you approximately $750 according to OCPA.  Be sure to review your potential tax liability rather than basing your assumption on what the current owner is paying.  They may not live there as a primary residence or perhaps the assessed value is quite a bit less than what the new value will be.  Check it out today:  Orange County Tax Estimator.  There is a similar tool on the Seminole County Property Appraiser website as well – but you actually have to search for the property first and then click on the link to the tax estimator within that page.

P.S. if you recently bought a home that is your primary residence don’t forget to file for your homestead exemption by March 1, 2012.

Advertisements

About Kathryn Stelljes PA

I am a Realtor in the Downtown Orlando area. I have earned a Bachelor's Degree in Marketing and a degree in Residential Planning. My background in these design fields has advanced my ability to sell in the realm of residential real estate. As a native Floridian and resident of Downtown Orlando I understand the growing needs for homeowners in the Central Florida home market and specifically the Downtown market. I enjoy sharing information about businesses, fun events, and the historic homes and neighborhoods that make Downtown Orlando such a unique and vibrant place to live. I love Italian Greyhounds, old houses, interior design and design blogs, social media networking, and anything marketing related.
This entry was posted in Orlando News, Real Estate, Tech Tips for Home Buyers and Sellers and tagged , , , . Bookmark the permalink.

Tell me what you think

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s