Tampa
Florida Real Estate - Welcome to Tampa Florida Real Estate. Browse homes for sale, schools, neighborhoods, virtual tours,
new construction, MLS listings, and info about Tampa, Florida right here. Sign up for Tampa Florida Real Estate personalized
email updates to reach your real estate dreams
Sitemap
Featured Listings Maps & Neighborhoods Schools New Construction Virtual Tours Make Appointment Call Me Now
 
Taxes & CDD


» Taxes in Florida
» Property Taxes
» Home Owner Associations
» CDD - Community Development District


Taxes in Florida
The Florida state constitution prohibits personal income taxes, limits estate taxes, provides a $25,000 homestead exemption, and makes Florida a "right-to-work" state. The State of Florida collects a retail sales tax that usually ranges from 6-7%, though no taxes are collected on food or medicine. For more details on tax advantages in Florida and Tampa, see the Tampa Bay Partnership.

Property Taxes
Florida has a $25,000 homestead exemption on property taxes for primary residences, and an annual cap on property valuation increases. Local property taxes generally range from 2,000 to 2,500 per $100,000, depending on the city and county. To lean more on property taxes, see the Hillsborough County Tax Collector, the Pasco County Tax Collector and Pinellas County Tax Collector. To determine your property taxes, subtract 25,000 from the assessed value and multiply by the tax rate.

Home Owner Associations
Like many other states, The State of Florida has long recognized Home Owner Associations (HOAs) as a special type of not-for-profit corporation. HOAs are adequate to address issues such as enforcing deed restrictions. When it comes to financing major capital improvements, however, HOAs do not have a broad powers. HOA fees often range from $100-2000. The amounts listed are per year. HOA dues vary widely. Most planned communities have a pool, tennis courts, park etc; and many are gated, some with guards.

CDD - Community Development District
Florida law provided for the establishment of community development districts (or CDDs), to pay for costly, up-front infrastructure needs. A CDD can obtain infrastructure financing through utilizing tax exempt district bonds. These bonds are repaid, usually over a 20 year period, through an annual property tax assessment.

CDDs are empowered to finance, build, operate and manage infrastructure and recreational facilities. CDDs are often used by master planned communities to build roads, water management, waste/sewer, schools, conservation areas, streetlights, bridges, parks, swimming pools, golf courses, security etc.

Click here to search the State of Florida database of Special Districts. There are currently over seventy active CDD's in Florida, including some of these listed below:

 Hillsborough County
Cheval West
Citrus Park
Cory Lake
Covington Park
Fishhawk
Arbor Greene
Heritage Isles
Heritage Harbor
Harbor Bay
Lake St. Charles
Westchase
Palm Bay
Parkway Center
Westchase East
Tampa Palms
 Pasco County
Northwood
Meadow Woods
Meadow Pointe
Lexington Oaks
Oakstead
Lake Bernadette
Heritage Springs
Heritage Pines
Longleaf
Seven Oaks
Coldwell Banker
welcome Doug & Annette into the Legend Society. which placed them in the top .5% of over 105,000 Realtors.
 

Copyright © TeamBohannon, 2002

Click to send us an email Click to send us an email