Treu Group Real Estate Blog - Blog Archive: October, 2016

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October 2016

There are 6 blog entries for October 2016.

Home values are on the rise! Everything you need to know about buying or selling a home in Palm Beach County. Home values are rising which could be both good or bad news. Tune in to get the latest updates on home appreciation, renting vs. buying, and property tax.
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4190 Key Lime Boulevard, Boynton Beach, FL 33436 - Knollwood - 3 bedroom home for sale in the lovely community of Knollwood. This spacious home is in a great location with a desirable split floor plan. This home has a beautiful S-tile roof and vaulted ceilings, truly a must see!

This Knollwood home has 1,676 sq ft of air-conditioned living space. This home is being sold by the original owner, it has great upgrades and has been loved and well cared for.

4190 Key Lime Boulevard, Boynton Beach, FL 33436, is conveniently located between I-95 and the Florida Turnpike.

Knollwood is a recently constructed community and offers a fabulous lifestyle with amenities like pool, clubhouse, fitness facility, and play area. You will always feel safe and secure

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3 Ways to Save Big on Property Tax

 

I am sure you have heard the quote, "In this world nothing can be said to be certain, except death, and taxes," by Benjamin Franklin. However, there are ways to save money on your property taxes!  In the state of Florida, you can claim homestead on your property if you reside there for 6 months and 1 day out of the year. If you own a property in Florida that is your primary residence, you qualify for some great tax breaks!  Here are 3 things you need to know about property taxes:



1. Close by December 31st, 2016!


If you are in the process of purchasing a new home, you must close by December 31st to be allowed to receive the homestead tax exemption for the next year. To qualify for the homestead

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Learn how you can increase your chance of getting your dream with the right lender. Understanding the mortgage timeline is critical especially as we are heading into the end of the year. There is still time to close by the Holiday season or the end of the year to qualify for the homestead exemption.

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Since market values have gone up 9.5% on our taxes for homes in the past year, you need to know how to budget for your tax amount.
Property taxes are an important part of our budgets when we’re buying a new property or looking at how a property cash flows. This past year, our market values went up 9.5% on our proposed taxes for our homes. What does that mean?
If your property was homesteaded, it likely means absolutely nothing. For example, for my primary home, the market value actually went up $125,000, and yet, my assessed value only went up $2,000. If you own an investment property or a commercial property, however, you don’t have that benefit. You may be a little shocked this year when you get your tax…
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