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Updated about 4 years ago,
Need Help With Huge Property Tax Increase
Hello Everyone, need some advice in regards to an issue with my property taxes. I purchased my first house back in May of 2019. The property taxes at the time were under 2K a year. A couple months ago our house was assessed by the county at $248,500 and after a $50K homestead exemption I am being taxed based on a property value of $198,500. Regardless our yearly property taxes shot up and more than doubled to over $4,000 a year. Is this normal? Im located in Broward county Florida and according to a quick Google search our taxes should be closer to $2,500 a year.
Any help and advice is highly appreciated!