Property Taxes

Port Orange property tax talk and discussion. Buyers are sellers are concerned about the recent increase in property taxes. Slowing sales are part of this chain reaction.

Found 9 blog entries about Property Taxes.

home condo buying

You’ve found the perfect Port Orange home or Daytona Beach area condo and now there’s just the question of how to pay for it. Interest rates continue to be very low and there is no shortage of lenders willing to assist buyers in our area. But obtaining a mortgage is not always a guarantee, and it is better to have your ducks in a row now, before that dream home slips away due to a failure to qualify. A recent study by the Federal Reserve listed the top three reasons that buyers fail to get a mortgage approval. Let’s take a look:

  1. The number one reason comes down to the basics of whether you can afford the proposed mortgage payment. The debt-to-income ratio is one of the top factors lenders use to grant mortgages as it measures how much your

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510 now sold at ocean vistasKevin Kling just closed his 13th luxury condo sale of the year as Ocean Vistas #510 sold for $435,000. This lavish condo, located in one of the most popular oceanfront buildings in Central Florida, offers two bedrooms, two bathrooms and more than 2,000 square feet of living space. With this sale, we continue to prove that we are the best choice when listing your luxury oceanfront property. Many others claim to be the best, but they unfortunately do not have the sales results to back these claims. We also currently have another Ocean Vistas condo under contract for more than half a million dollars, and we have a few of these pristine properties still available for sale. If you are looking to spend the upcoming summer months enjoying the sun and sand of the

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kingston tower oceanfront

Kevin Kling just sold one of the most beautiful condo homes in all of Daytona Beach. Kevin’s prompt and professional real estate service produced a very strong sale price on this luxury listing and played a factor in securing another opulent oceanfront condo listing at Kingston Tower. The sold condo, Kingston Tower #402, offers three bedrooms, three bathrooms, and nearly 2,700 square feet of luxury living space. Breathtaking views of both the intracoastal and the brilliant, blue Atlantic Ocean await the new owner from more than 600 square feet of balcony, while the inside of the condo features some of the finest appointments and amenities available. Kingston Tower offers a truly exclusive lifestyle, with just 14 units comprising this oceanfront

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hardrockrenderingAbove you will find a rendering of the proposed Hard Rock Hotel coming to Daytona Beach in the next few years. Some local residents are weary of the project due to increased traffic in the area and a possible loss of a beach access point. However, the developers have been working to appease these concerns, and this project will undoubtedly increase tourism revenue, and most likely real estate value, in this oceanfront area. What do you think about the new Hard Rock Hotel coming to the World’s Most Famous Beach?

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The remaining units at the Halifax Landing are now bank owned. Tenants with leases at Halifax Landing have been notified that they have 60 days to move out.

New pricing should be available by June 17, 2010. More information about the sale of these condos and new pricing will be posted as available.

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Affordable housing is now available in Port Orange for Palmer Chiropractic students. There are affordable options available that will allow you to build equity instead of wasting your money on rent. A few Port Orange home options include Villaggio On The Lakes, Whispering Creek, and attached homes in Coquina Cove and Pelican Bay.

Villagio On The Lakes home options start in the low 100's for a 1 bedroom 1 bathroom and increase slightly for 2 bedroom 2 bathroom options. This property is 3 stories and some units offer lake views. This gated condo property is definitely recommended.

Whispering Creek is located slightly farther from the Chiropractic School in Port Orange. Located towards the end of Airport Rd you will find this condo complex. Condo

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Worries in the real estate market still continued to hamper the Florida market this past October.  

According to the Florida Association of Realtors, sales of existing single-family homes totaled 9165, a sharp drop off of 29 percent from one year before, October 2006, when 12,846 of these homes were sold.   

National figures show a decrease in these figures as well, albeit a much smaller decline.  In September 2007 these homes median selling price fell 4.9 percent when compared to one year ago.   

With fewer houses being sold, prices have dropped in an effort to lure buyers.  In October, Florida’s median selling price for existing single-family homes was $222,100.  One year ago this figure was at a robust $247,700, or an eight percent decrease

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Our leaders in the Florida House and Senate continue to look for the perfect "band-aid fix" for our property taxes. The Florida Property Tax problem is more like a "deadly cut" and not a minor bruise. It will take much more than a band-aid to fix the current inequities in the Florida Property Tax system. Homeowners in Daytona Beach, Port Orange, and throughout Central Florida are affected.

 The most recent proposal includes:

  • Doubling of homestead exemptions - The lawmakes want to add another $25,000 homestead exemption. Does not apply to school taxes. BIG DEAL!! This doesn't fix the problem!
  • Low-Income Senior Exemption - Are you 65 or older? You may not have to pay taxes if this new plan is voted in. Is this Fair?
  • First
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A Florida judge ruled that the property tax amendment could dupe voters into voting incorrectly in January. He apparatly does not like the wording and wants the amendment removed from the ballot.

Lawmakers can appeal this judgement and try to get it back on the January ballot. Another choice includes rewriting the amendment. Whichever route is taken, a final decision and acceptance must be made within 90 days of the vote in order for the amendment to make the ballot.

 

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