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Updated about 4 years ago, 09/30/2020

Sama Pa's profile image
Sama Pa's profile image
Sama Pa
  • Investor
  • from FL
  • Member since Jul 6, 2020
Connect

User Stats

14
Posts
5
Votes
Sama Pa's profile image
Sama Pa's profile image
Sama Pa
  • Investor
  • from FL
  • Member since Jul 6, 2020
Connect
Sama Pa
  • Investor
  • FL
5
Votes |
14
Posts
Florida Real Estate Q&A Discussion Forum

Property taxes - millage high. what am i missing?

Sama Pa
  • Investor
  • FL
Posted

Closing on a property thursday and I called the property appraisers and millage rate is 25. 900,000(purchase price)x25 divided by 1000 = high taxes. I should have looked into it earlier but this cuts into my expenses and is thousands more than I anticipated. What should I do? Back out? Escrow lost is better than paying for a liability?  How often is petitioning for reassessment successful?

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