If you're thinking about selling your home in Palm Coast, Flagler Beach, or anywhere in Florida, there's more to consider than just your listing price.
Two key factors can significantly influence your net proceeds and timing:
1. Your current home value
2. Your Florida property taxes
At The Goellner Team, we help sellers understand these critical pieces—so you can plan smarter and sell with confidence.
Let’s break it down.
📈 Step 1: Understand Your Home’s Current Market Value
Your home’s current value is not what you paid for it—it's what buyers are willing to pay today.
We provide a free Comparative Market Analysis (CMA) that includes:
- Recent comparable sales in your neighborhood
- Current market conditions
- Adjustments for your home’s upgrades, condition, and features
💡 This helps you price your home correctly and estimate how much equity you’ve built.
💵 Step 2: Know How Property Taxes Work in Florida
Florida has some unique property tax rules that can impact your sale.
✅ Homestead Exemption
If you live in your Florida home as your primary residence, you likely have a homestead exemption, which:
- Reduces the taxable value of your home by up to $50,000
- Caps annual increases in assessed value (Save Our Homes limit)
👉 If you've owned your home for many years, your taxable value is probably much lower than your market value.
🧾 What Happens to Property Taxes When You Sell?
When you sell your homesteaded property:
- Your tax cap resets for the new buyer (based on their purchase price)
- You may owe prorated property taxes at closing
- If you're buying another home in Florida, you may be eligible to port your exemption (transfer your tax benefit to your new home)
📌 Tip: Timing your move correctly can preserve thousands in tax savings.
💡 Why Your Tax Bill May Surprise You
Here’s a common scenario:
You paid $250,000 for your home 10 years ago. It’s now worth $425,000.
Your annual tax bill might still be based on an assessed value of $270,000.
This is great while you live there—but can create sticker shock for buyers once their tax rate resets.
It’s important to prepare for that in your pricing and negotiations.
🧠 How We Help
At The Goellner Team, we help you:
✅ Understand your equity and selling power
✅ Estimate your net proceeds after taxes and fees
✅ Strategize the best time to list (and buy next)
✅ Refer you to local title companies and tax professionals for accurate estimates
📧 [email protected]
📧 [email protected]
📍 Coastal Gateway Real Estate Group | Palm Coast, FL
🔜 Coming Next Week:
🤝 How to Choose the Right Realtor to Sell Your Florida Home
