Property Taxes in FL

[Ari Steinman]

Property Taxes is one of the highest recurring charges that we have to pay as landlords/investors.

I'm told that in FL even if the taxes were low were a long time due to an old outdated assessment, after you purchase the property the next year the taxes will correct to market rates which can be a big hit if its jumping from $1500 to $3800.

Correct or incorrect? (I'm specifically looking in lee, charlotte, Sarasota and Volusia county)

Additionally, as investors what is there to do to get property taxes lowered? I know there are attorneys/companies that say they will try to get your taxes lower but when do you in which situations its worth it to go down that route?