Re: I’m a little young to remember the 80s… - Posted by michaela-CA
Posted by michaela-CA on February 27, 2008 at 12:12:59:
with values dropping so much are owners pushing to get new tax assessments? I’m one of those people I would probably put flyers out in the whole neighborhood inviting owners to a meeting and then proposing to work together to get new assessments, maybe even getting an atty involved. If you have a lot of people it probably wouldn’t be so much per person. But then on the other hand, if prices are still falling it might be better to wait until the bottom hits. But then again, if that’s still many years away the savings now might still be worth doing it more than once, if necessary.
Re: Just to put that in perspective - Posted by Kristine-CA
Posted by Kristine-CA on March 01, 2008 at 09:24:07:
How would a buyer find out what their new taxes are on the HUD-1?
The tax payments due on the HUD-1 reflect the current assessment
value and taxes due? The property wouldn’t be re-assessed until after
the purchase. The way you would determine what taxes you would be
paying would be to assume that the assessor will go with purchase
price (unless it is under market value). In my area figure about 1.2
percent PLUS the special assessments on the tax bill that and are not
tax value dependent. The HUD1 doesn’t spell that out…does it?
Kristine
Posted by Bob Smith on February 27, 2008 at 17:20:36:
You can, but FL has an extremely liberal supreme court that frequently
strikes propositions down, especially when they limit government. For
example, there was a successful ballot proposition in the early 80s
that limited growth in government revenue to inflation + population
growth. Every government in the state sued and the SC struck it down
claiming it wasn’t a “single issue” proposition as required by FL law.
Re: I’m a little young to remember the 80s… - Posted by Bill H
Posted by Bill H on February 27, 2008 at 16:30:30:
Michela,
Having been on the gulf coast for Andrew, Hugo, Ivan, Katrina, Georges’ and Rita to say the least. I can tell you from first hand experience the the rest of the world does not know the destruction and devastation thet hurricanes cause.
There is nothing for the taxing jurisdications to rely upon except property taxes and although you might get lots of poeple to agree they should be lowered I seriously doubt tha you will get the politician to do so. All local goverments are STRAPPED for $$$ now.
On the MS gulf coast after the hurricane on 1947 (yep I remember that one too)…it tore up the sea wall…they passed a sea wall tax…Camille in 1969 tore us the balance of the sea wall…The state got the government to assist and dredged up and put sand in all the beaches…no more sea wall…WE STILL have the sea wall tax.
I agree with your assessment…I firmly believe we have at least 2 more years for the shake out. The earlier poster who said he was waiting to get a 400% profit may well find that to be a substantial loss before we bottom.
“Money is the mothers milk of politics”…Jesse Unruh of California Legistature.