Caption transcript. This text is pulled from YouTube captions and may contain minor wording errors.
[00:00] I just had a client tell me that uh this house we looked at was a pretty good property. They liked it a lot. They even mentioned that the uh the taxes are only $1,000 a year. And it kind of got me to what? Where'd you see that? Well, we saw it online. I'm like, oh yeah, of course. Of course. The seller very well could be
[00:19] paying that. They could have a 90% exemption uh from Florida. So, like they could have the homestead. They could have uh uh what's the other? There's some other there's like a widowerower. There's there's like all these other exemptions you could have and the house is a $400 plus,000 house. A first-time
[00:36] home buyer getting this with a homestead would be paying upwards of $6,000 a year. So anyway, be careful basing the properties you look on the taxes that are listed that the seller is currently paying. They could have ported over tax savings from like the last 40 years. You don't know. And it's just one of those
[00:56] things that you really have to be careful. I always recommend if you own a property, look at how much uh the difference is between your your total assessed and your your market value and then you can port over that savings to your new home. And you know, you know, you just don't want to be
[01:14] surprised when you buy the house and it eight months later it gets reassessed at six times the amount you thought it was for, right?