Anyway to know the exact property tax bill before buying a house?

[Arya Farzan]

I'm trying to add up all the costs for owning a home. I am looking at Cape Coral right now which is part of Lee county. As far I know the property tax rate for Lee county is 1.145% But are there other fees added to that?

say If I buy a house for $400k and it will be my main residence, so I can use the homestead exception. What would my total property tax bill be for the entire year?

[Wayne Brooks]

Fl doesn’t reassess on new purchases.....assessments are based on comps for the last quarter of the preceding year.  1.145% seems low, usually around 2% generally.  You can easily look att comparable properties, back out or add in the $25/50k homestead exemption, and you should be very close.

The property you’re buying already has the taxes for 2018 posted, along with your Market value.....just adjust for homestead exemption which is a dollar for dollar deduct from the assessed value.  Don’t look at the Current owner’s Assessed Value, it may be artificially low due to the Save Our Homes, 3% cap/year on increased assessments for taxes.....but Their assessed value, plus or minus the homestead exemption gives you the actual rate you can calculate from their Tax Bill.