💡 Many sellers are surprised to learn how property taxes and home values are assessed in Florida—and how that impacts their bottom line.
Here’s what you need to know before listing.
🧾 How Home Value Is Assessed in Florida
The county property appraiser determines your home’s assessed value, which is often not the same as its current market value.
Key terms to know:
- Market Value: What your home would likely sell for on the open market
- Assessed Value: What the county appraiser says your home is worth for tax purposes
- Just Value: Florida’s term for “fair market value” before exemptions
- Taxable Value: Your assessed value minus exemptions (like Homestead)
✅ We provide you with a Comparative Market Analysis (CMA) to determine your actual market value, not the county’s estimate.
💵 Florida Property Tax Basics for Sellers
In Florida:
- Property taxes are paid in arrears (you pay for the previous year)
- Taxes are pro-rated at closing (you only pay for the portion of the year you owned the home)
- Buyers may inherit your tax exemptions for part of the year
🏠 Homestead Exemption & Portability
If you've been claiming a Homestead Exemption, you’ve benefited from:
- Reduced taxable value
- A cap on annual increases (Save Our Homes benefit)
💡 When you sell, these benefits reset for the next owner, which may increase their tax bill—something buyers will calculate when budgeting.
Selling Tip:
Be prepared to explain your current tax rate and what buyers might expect. It helps avoid deal-breaking surprises.
📊 How Taxes Affect Buyers (And Sales Price)
Savvy buyers often look at:
- Estimated future taxes (which may go up post-sale)
- HOA fees + property taxes combined
- Special assessments or CDD fees
If your tax bill seems unusually low due to long-term exemptions, it’s helpful to disclose this proactively in your listing notes or during showings.
📍 Local Insight: Flagler County Property Appraiser
Sellers in Palm Coast and surrounding areas can visit:
https://flaglerpa.com to:
- Look up current assessed and market values
- See exemptions currently applied
- Get an estimate of next year’s tax bill
🧮 Want to Know Your Net Proceeds?
We’ll walk you through:
- Real-time market value based on Palm Coast comparables
- Estimated closing costs, including taxes
- A custom Seller Net Sheet so you know what to expect
📧 [email protected]
📧 [email protected]
📍 Coastal Gateway Real Estate Group | Palm Coast, FL
🔜 Coming Next Week:
Selling a Florida Home in an HOA Community – What You Need to Know
We’ll explore estoppel letters, rules, dues, and how to help your buyer feel confident buying in an HOA.
