User52692_1_t Rick Fifer
Find real estate listings in your city:
Members: 120,713 - 2,367 Online Now  Login
 

The Hillsborough County Property Appraiser site now has a calculator for the proposed "Super Exemption"to be on the ballot during January presidential primary. It gives a dramatic graph of the reductions in taxable values. However, there is (in this writer's opinion) a built-in bias to keep the status quo.

The default on the Property Appraiser's calculator assumes a 7% appreciation in values. Historic norms are more like 3% maybe 4%. The difference is significant when it comes to deciding which is better in the long term.

The default setting at 7% negates the super exemption savings in less than 5 years. At the more likely historic norm of 3% appreciation, it would take 15 years to negate the super exemption savings.

Run it on your own property and see the result for yourself using the default 7% and a more realistic 3%. http://www.hcpafl.org/www/search/index.shtml

Keep in mind for long time homesteaded homeowners, even if the super exemption passes they will have a choice to retain the Save Our Homes cap.

 

0 Comments on Hillsborough County Property Appraiser's Super Exemption

Leave a response…

Name:
Notify me of new comments:
Comment:
What does the graphic say?
 
Real Estate Agent: Rick Fifer (FLORIDA EXECUTIVE REALTY)
Rick Fifer
Tampa, FL
More about me…
FLORIDA EXECUTIVE REALTY

Office Phone: (813) 832-5400
Cell Phone: (813) 758-7444
Email Me
Tampa Real Estate information, listings, and stray thoughts. Information on Heights neighborhoods (Seminole, Tampa, Ybor, Riverside) and historic/vintage homes in the Tampa area.


Links

Archives

RSS 2.0 Feed for this blog
ATOM 1.0 Feed for this blog

Find FL real estate agents and Tampa real estate here on ActiveRain.
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
© 2007 ActiveRain Corp. All Rights Reserved