Pinecrest Real Estate Taxes
Are you thinking of buying a home in Pinecrest Florida? Here are some things I want you to know about.
The current tax bill is usually not a good indicator of what your tax bill will be on your Pinecrest home; or any home in Florida. Many factors can influence a change in a tax bill, such as a change in market value or in the millage rate. Usually the main reason your tax bill will be different from the current owner´s bill is because most likely the current owner had the Florida's Amendment 10 "Save Our Homes" cap on the assessed value. That cap will be removed once the Pinecrest home is sold. The "Save Our Homes" amendment limits the increase of assessed value for a home by 3% or the Consumer Price Index, whichever is less. The assessed value is recalculated when a Pinecrest home is sold and the new tax bill is based on the new assessment.
The next thing I want you to do is talk with your insurance agent. Preferable you will talk to several different agents and get multiple quotes. The second biggest expense on a Pinecrest home is homeowners insurance. Some Pinecrest homes will require three different policies; homeowners, wind and flood.
After you have done your research and have an accepted contract on your dream home; I strongly suggest you hire a home inspector. After all, you don´t want any unexpected surprises!