Tuesday, June 06, 2006

 

AUMENTA EL VALOR CONTRIBUTIVO DE LAS RESIDENCIAS EN LA FLORIDA ENTRE 22 Y 31% .

MARRERO REAL ESTATE BROKERAGE LLC
JOSE RAUL MARRERO
REAL ESTATE BROKER LIC.
407-436-514O

UN GRANDIOSO DIA PARA TODOS......

EL AUMENTO DRAMATICO DE VALOR DE LAS RESIDENCIAS EN TODA LA FLORIDA TAMBIEN TRAJO COMO CONSECUENCIA EL AUMENTO RECORD DE LOS INGRESOS DE LOS CONDADOS POR CONCEPTO DE EL COBRO DE LAS CONTRIBUCIONES SOBRE LA PROPIEDAD.

AUNQUE CIERTAMENTE ES IMPORTANTE ACLARAR QUE EL VALOR CONTRIBUTIVO Y EL VALOR REAL DE MERCADO SON MUY DIFERENTES. EN CASI TODOS LOS CASOS O EN LA GRAN MAYORIA, EL VALOR CONTRIBUTIVO (ASSESED VALUE)ES MENOR QUE EL PRECIO DE VENTA QUE USTED PUDIERA ALCANZAR.

A CONTINUACION EL TEXTO DE LA NOTICIA.


Central Florida's cities and counties learned Thursday that last year's real-estate rush and construction boom will deliver a bounty of taxes this year.

Property values went up from 22 percent to 31 percent in Central Florida counties. And that would translate into a roughly similar increase in property-tax revenues, unless counties and cities reduce their tax rates.


"Is it a record? It's more than a record," said Orange County Property Appraiser Bill Donegan, adding that he recorded increases ranging from 44 percent in Winter Garden to 20 percent in Eatonville.

Lake County, which has traded orange groves for subdivisions, saw its real-estate values grow by 31 percent -- the highest in Central Florida. Osceola and Volusia counties weren't far behind.

Seminole County's tax roll went up by 23 percent, the largest annual increase in a quarter-century, said Seminole County Property Appraiser David Johnson, with Sanford property values growing by one-third. The huge increase was primarily the result of the growth in value in commercial and undeveloped parcels, he said.

"The value of vacant land has gone up considerably because of its scarcity in the county," Johnson said.

The three biggest trends that fed the swelling tax base were spiking house prices -- the price of the average Central Florida home went up 55 percent in the past two years -- construction and condominium conversions.

Central Florida's counties have generally shown steady growth in the value of their real estate, but last year's hot housing market saw not only sharp price increases but also record sales. For example, about one of every six homes in Orange County sold, resulting in the revaluation of 16 percent of the county's housing stock in one year.

In addition to the home-sales flurry, about 15,000 apartment units went condo in Orange alone, driving up the taxable value of those buildings.

In Seminole, 15 condominium conversions also added a quick infusion of value to the tax rolls, but that is expected to be a one-time spike, Johnson said.

Tax rates

For people who have owned their home for more than a year, the higher valuations can't result in more than a 3 percent property-tax increase, thanks to the 12-year-old Save Our Homes amendment. But anyone who bought a house in the past year --or who owns commercial or rental property -- could expect a sharp increase in the value of the property and thus taxes.

What the growth means is that local governments will be so fat with new money that they can spend it on new projects or cut back the tax rate, which would mostly benefit renters, businesses and vacation-home owners.

In Lake, for example, county revenue of $82.3 million this year would rise to nearly $108 million next year if the tax rate remains unchanged. But county officials said they may need the extra money to cope with the county's burgeoning growth.

County Commission Chairwoman Catherine Hanson said residents would not get a tax increase but should not count on the county rolling back the tax rate.

"I don't think it's wise to do rollbacks because then you spend years catching up," she said.

Orange County Mayor Rich Crotty said it's premature to commit to any particular spending or tax-rollback plan. But Crotty said that "fiscal restraint" goals need to be weighed against needs for parks, roads and other services that come with growth.

"There's a lot of things on our plate," Crotty said.

In Volusia County, officials were happy about the rise in property values but also cautioned that there's no shortage of things to use the money for.

The county had projected a 12 percent growth in taxable values and was looking at a slight tax cut.

GRACIAS POR VISITAR MY WEB
WWW.JOSERAULMARRERO.COM

JOSE RAUL MARRERO

TODOS SOMOS GUERREROS DE LUZ

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