Tuesday, December 15, 2009
Sunset Key Florida-Well priced single family home
Key West Open water lot and seawall with ROGO. Beautiful sunrise views
Tropical living in the Florida Keys for under $300,000
New Key West Home-rent to own
Key West Waterfront home--just $265,000
Tuesday, November 17, 2009
Key West Historic Home renovation
Renovation of Key West Historic Homes
Historic properties in Key West If you are planning on purchasing a property with historic Key West architecture, you will have to have all improvements to the property approved by the Historic Architectural Review Committee (fondly referred to as HARC).
There are a few grant programs available for Historic Restoration. With these programs help, we can better preserve and restore historic buildings today to pass onto the next generation tomorrow.
The Old Island Restoration Foundation offers grants up to $10,000 for the rehabilitation, restoration, and reconstruction of historic properties in Key West. For more information, call 305-294-9501, or go to www.oirf.org.
A second source for grants is the State of Florida, which has two programs. Historic preservation grants are available up to $50,000. Special Category Grants are available up to $350,000. For further information on these grants, go to www.dhr.dos.state.fl.us/grants or call (850) 245-6333
Florida Keys Property taxes
Florida Keys Property Tax
The residential property tax laws in Florida are written in a way that protects homeowners from increases in their taxes when property values rise rapidly. This means that it is useless, however, to look at past tax records in order to estimate your taxes on a property you are considering buying.
Property taxes in Florida are lower than some states and higher than others.
However, a recent article noted that when you include all forms of tax, on average, Florida takes less than all but about 6 states.
When figuring monthly total payments for housing, the following formula can be used to roughly estimate residential property taxes portion:
Example
| Selling Price | $500,000 |
| Multiply by 92% | x .92 |
_______ | |
$460,000 | |
| Multiply by the Millage rate from below | x .0123 |
_______ | |
| Estimated Property Tax | $ 5658 |
In Florida , add about $500 per year to this calculation if this won't be your "primary" residence.
This is your estimated ANNUAL property tax. For monthly, divide by 12.
Estimated Florida Keys 2006 Millages
Monroe County .0123 (most islands not listed below)
Islamorada .01083
Key West .0131808