Florida property taxes, do they increase when you buy?

[John Gach]

I heard that the new purchase price of the property causes taxes to go up a lot? Not sure if that’s true or if they can only raise the taxes so much per year?

So if I’m looking at property in Florida on trulia, and it lists the taxes, is that not accurate?

Thanks

[Wayne Brooks]

@John Gach The only reason property taxes would go up is if the current owner has a homestead/owner occupied exemption.  In that case, the taxes can only go up 3%/year.

You can easily tell....on the property appraiser website you will see the “market value”, which is what your tax amount will be based upon.and the “assessed value.

A sale doesn’t “update” the valuation...that is automatically done using sales from the 4th quarter of the year for property valuations the following year.