Tony Delgado & Melissa Martinez's Discussions

I'm not sure of the answer but if you want to contact a gentleman I know in the mortgage arena he can tell you. He does loan mod's and refi's.Rick Massengale  email: rmassengale@verizon.net

The depressed housing market has shown the problems with Florida's property tax system. Homeowners in some counties must prepare for substantial hikes in property taxes to cover budget deficits; and buyers of foreclosed properties are finding that, despite purchasing the homes at a discount, they must pay taxes on the home's original value. Even though thes state has a "homestead" program to prevent property assessments from rising more than 3 percent per year, the assessment is raised when the residence is sold – meaning homeowners in the same neighborhood are not in line when it comes to their tax bills. Is it time to re-think the way our  state government collects taxes? Should property owners bear the brunt of a bad economy?

I assume you are speaking of your "zestimate" which does not take in to account any upgrades your home has versus others in your complex or area. The zillow price is an average of sales in an area and is not meant to provide a true value of any particular property. The other unit may have more square footage than yours and that could be a reason for the higher value shown on Zillow.