Saturday, April 28, 2007

Market chills, tax bills won't

I found this article in the St. Pete times and I think it gets to the heart of the tax issue much more effectively than most of the articles I've seen locally. In particular it raises the very important point that your property is assessed as of January 1. As the market continues to slow we won't see that in our tax bills for 2006. Actually, in Volusia and Flagler Counties, property prices peaked in the middle of 2006 and the year ended at about the same level as they began. In theory, property taxes won't change. While we saw a drastic decline in transactions starting in the beginning of 2006, prices held rose through the first quarter and then declined slowly. This chart shows the average price and number of transactions.

State: Market chills, tax bills won't

1 comment:

The Smart Realtor said...

John, I just posted some more tax information, including links to FAR articles and our representative contact info.