What's the deal with property taxes, or, for that matter, with all the taxes in Florida? I live in Texas and there's a property tax of the total property value set usually around 1.5 to 2%. That's roughly $5000 for a $250,000 home. In Florida, it seems, taxes are MUCH lower for property. This seems too good to be true. Yet, there are countless legislative bills going through demanding that taxes be lowered. What is really going here? How much would an average resident expect to pay annually in taxes (not just property)?
Also, can anyone explain what 'millage' is? I'm completely lost here and am obviously missing something if you can move to Florida, have a million dollar home and barely pay anything in taxes on it (~$10,000 or so annually).
2007-08-28
17:57:14
·
4 answers
·
asked by
matt
2