In some cases it happens when a buyer moves into a newly constructed home. In others the house is placed on the market decades after the last sale.
Be aware, new homeowners face a tax bill that could amount to hundreds of dollars a month more than the prior owner paid.
Hillsborough Property Appraiser Bob Henriquez says his office fields dozens of calls from new homeowners every year when the tax bills go out.
One reason, the last person who lived there may have had different exemptions on top of the homestead exemption.
But Joe Perez, president of the Greater Tampa Realtors, says too often agents and title companies use last year’s tax bills to calculate the next owner’s taxes which often are inaccurate.
Read more and view the video here.
The Greater Tampa REALTORS® (GTR), the “Voice for Real Estate” in Tampa since 1911, represents over 9,000 members and is the largest Tampa Bay-based professional association of real estate brokers and sales associates conducting business throughout the Bay area.
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