All Forum Posts by: Clara Derry

Thank you @Carrick Young and @Gerardo Waisbaum for the information! I appreciate the feedback.

Hey @Jeff Boyer and @Samuel Nichols 

So it sounds like each time a property is sold, the assessed value is reassessed to equal the new just value (which will likely still be significantly lower than the selling price).  If it is a primary residence, it sounds like it is protected after year one of the homestead exemption by the Save our Homes (SOH) Assessment Limitation which means taxes cannot increase by more than 3%.  However, does this same SOH assessment limitation apply to an investment property since it will not be eligible for a homestead exemption?

Hey @Andrew Pokrzywinski, thanks for reaching out! I'll send you a PM shortly.

Thanks for your thoughts, @James Leigh.  Definitely a valid point.  It seems like our area has many intangibles, especially in the Riverside and beach communities that people are willing to pay more for.

Hey Justin,

Thanks for the information!  It seems like a good "jumping off" point and then following up with my real estate agents for the intangibles. I appreciate your feedback.

Hi @Justin Carmack.  Thank you for the reply! Yes, Jacksonville, Fl.  I have been searching on the property appraiser site for Jacksonville. Here is the link for more details https://paopropertysearch.coj....

Hey squad. I am fresh to real estate investing and am learning more about determining reasonable offer prices and market value.  I thought that searching the just values for properties would help with market value since it says "just (market) value." Well, when looking up the just values from 2020, I am noticing large discrepancies from the list price (ex- list 195k, just value 95k).  Could someone offer insight/direct me to resources that could help me understand this discrepancy?