Real Estate Taxes in the Sarasota and Surrounding Areas

Generally, in the current market, we are seeing the annual real estate taxes are running between 1.0% and 1.2% of the homes market value.  That obviously can vary based on several factors, but overall, Florida has much cheaper Real Estate taxes as a percentage of home values than most other states.  

When looking at the Real Estate Taxes for specific listings, it is a good idea to keep in mind a few factors including;

  1. Was the home homesteaded?  If so, are you going to homestead the property as your primary residence?
  2. There are other tax exemptions available in Florida that you my not be entitled to.  We always look at tax records to see what if any exemptions they are taking.
  3. Are there CDD fees included in that tax listed?
  4. In Florida, we pay the taxes in arrears so that tax amount is based on previous market information which may increase or decrease (depending on the market) in coming years.