March 19, 2024

Local Fort Lauderdale Realtor Discusses Why Florida Real Estate Listings Should Not Quote Taxes?

Fort Lauderdale Realtor Explains Real Estate Taxes

 

As a Fort Lauderdale Realtor, I often hear clients say things like “but look at the difference in taxes on these two homes”, or the “the taxes on this unit are lower than the one downstairs”, or “that’s odd the taxes on this unit with a better view are 50% lower”. Each time the answer is the same, and as a #FortLauderdaleRealtor for over 20 years it is part of mission of excellent Fort Lauderdale Real Estate service to help buyers of  #FortLauderdaleReal Estate understand how real estate taxes work in South Florida.

In Florida we pay our real estate taxes in arrears. This means we pay our #FloridaReal Estate taxes at the end of the year for the year that just past. If you purchase and close of a property prior to the tax being due the buyer will receive a credit from the seller for the portion of the taxes that occurred while the seller owned the property. The buyer will get the entire tax bill at the end of the year. Eric Miller of eXp Realty LLC in Fort Lauderdale makes your search for Ft Lauderdale Real Estate easy with access to all Fort Lauderdale Area Real Estate Listings and their availability to answer questions.

Ft. Lauderdale Real Estate Tax Assessments

The most important sentence in this post, Florida law calls for every property which is sold to be reassessed at full market value in the year following the sale. There are some adjustments for closings costs but….to be as close as possible and have no surprises use your purchase price and the tax rate you receive from your local Florida Real Estate broker or from the county in which you are purchasing South Florida Real Estate. When purchasing real estate in Fort Lauderdale which is Broward County you can count on 2% as a fairly accurate number or you can visit the county tax estimator at https://bcpa.net/TaxCalc.asp

As a reminder, every property will be reassessed so please ignore the current number indicating in the Fort Lauderdale MLS it is not an indication of your future taxes.

Homestead and Your Ft Lauderdale Real Estate

Two more subjects related to local real estate taxes in Fort Lauderdale. In you do not have a homesteaded property anywhere else in the country you may be eligible to homestead your South Florida home. This will provide you two benefits a) a $50,000 reduction on the valuation creating about a $1000 savings (exclusive of school tax) so reality a bit less is reality and b) a 3% cap on any assessment increase. The 3% cap is a huge deal.

Subject #2 – If you are unable to homestead your Fort Lauderdale area property, there will be a 10% assessment cap on the valuation of your property. This law went to effect in 2009. The 10% cap applies to all taxing authority millage rates except local school boards. Having this cap in place is a benefit to anyone who purchases in market with rising prices.

In a future post we will discuss Portability, and how it helps Fort Lauderdale Real Estate owners when they move to another property. Any additional questions about real estate taxes as you prepare to purchase a Home or Condo for sale in the Fort Lauderdale area feel free to call Eric Miller, Your Fort Lauderdale Realtor at eXp Realty LLC, 50,000 Realtors strong worldwide.

Oakland Park Homes for Sale

SOLD -3951 NE 16th Terrace –  Coral Heights – SOLD

Coral Heights is a East Fort Lauderdale neighborhood actually in the City of Oakland Park FloridaCoral Heights  is an extremely convenient neighborhood just West of US 1 in Fort Lauderdale – sitting between Oakland Park Boulevard and Commercial Boulevard. Most of the community was built between 1940 and 1969 and consists of smaller two or three bedroom homes.

Diningroom

Dining Room Opens to Huge Front Courtyard

There are a few new constructions in the Coral Heights real estate market but there many more older beautifully renovated homes. The Western border of Coral Heights is the booming downtown area of Oakland Park where Dixie Highway hosts many new businesses and a new townhome community with prices close to $400,000. The new business life on its western border dramatically increases the walkability of the Coral Heights community, with many new bars, restaurants and coffee houses. Take a look at Yelp Oakland Park to support the businesses that anchor the City of Oakland Park.

3951 NE 16th Terrace – Waterfront – Pool – 4 Bedrooms – 3 Baths – Offered at $670,000

Poolside at 3951 NE 16th Terrace

Tropical pool along Oakland Parks waterfront

21_HD3951_NE_16th_Terrace21_mlsNot your typical Coral Heights home for sale and we assure you, “You’re going to love it”. With over 2400 sq. feet this sprawling Coral Heights ranch sites on the waterfront. A beautifully secluded tropical waterfront garden and pool area featuring designer landscaping, a heated pool, along with dramatic nighttime lighting. The wide open areas of the home including a front courtyard, dining room, and living room are topped off by a brand new chefs kitchen perfect for entertaining, with its top of the line appliances.  This property features gas from the street which takes care of the pool heater, stove and hot water heater. In South Florida gas service to many neighborhoods is not the norm. You can take your own tour of the home today with the incredible 3D Tour of 3951 NE 16th Terrace provided by the team at the Eric Miller Group of Keller Williams Fort Lauderdale or call today (954) 383-8170 to set up your private showing.

Oakland Park Real Estate Excites with a Booming Downtown Oakland Park

Courtyard Heated Pool

Courtyard Heated Pool

Just Listed from Oakland Park Realtor

Oakland Park is getting ready to dance in the street again at its second annual “Dancing in the Street” block party. Not far from the property that Eric Miller and Associates at Keller Williams Fort Lauderdale has just listed for sale at 4251 NE 13th Ave in Oakland Park. Very often “walkability” is something high on the priority list for South Florida buyers and you can either pay top dollar for it, or purchase a neighborhood that is just starting to happen.  4251 NE 13th Ave is located a short distance from the Downtown Culinary Arts District. The property features many updates throughout, is just over 1700 square feet with three bedrooms and three full baths. The front courtyard of the home features a large beautiful heated pool and makes the perfect spot to return home to after an evening out.

Oakland Park Real Estate Rates High with Booming Downtown

Beautifully Updated Kitchen

Spacious Kitchen

If you have not looked at Oakland Park for your new South Florida Home, now is the perfect time. The City has the feel of a smaller city, just north of Fort Lauderdale. Many years ago the City of Oakland park launched the planning of a project to renovate and attract business to its downtown area. Today the once dream of a booming downtown City of Oakland park is becoming a reality. Locals are supporting new restaurants and coffee houses that seem to be opening at a quick pace.

Dixie Highway runs through the center of downtown Oakland Park. Just south is the City of Wilton Manors and then within 10 minutes you can be in Downtown Fort Lauderdale. With location being the first rule in buying real estate, 4251 NE 13th offered at $439,000 is a set back oasis in a great urban neighborhood called Coral Heights. Eric Miller and Associates a well-known team of Oakland Park Realtors will be having an open house at 4251 NE 13th Avenue on Saturday, January 20th from 1 to 4. That will be the ideal time to visit the home and just week later celebrate the property you have chosen by “Dancing in the Street”.

Funky Buddha Anchors Oakland Parks Downtown Culinary Arts District

In 2013 the Funky Buddha Brewery opened and marked the beginning of the new culinary arts district. Just north there is the Urban Farm Park.  Business

Real Estate for Sale in Oakland Park

Real Estate for Sale in Oakland Park

is starting to boom with the artsy downtown feel of Oakland Park and after years of planning it truly is time to see Oakland Park Dancing in the Streets.  For a mile a live music fest along Oakland Parks Main Street (NE 12th Avenue) will feature some of South Florida’s most popular musical talent. The music will play from 6 to 10 p.m. on seven stages set up throughout the City’s Downtown Culinary Arts District. Food Trucks will take to the street offering a great spot to come for dinner. More information about this even can be found on the City of Oakland park web site.

Villas of Coral Heights – Incredible Oakland Park Townhome

Incredible three story townhome, at 3901 Coral Heights Lane, Oakland Park, Florida 33334,  in the Villas of Coral Heights. When it comes to Fort Lauderdale Townhomes, few stand out like the Villas of Coral Heights.

Community Pool Villas of Coral Heights

Community Pool Villas of Coral Heights

These Fort Lauderdale Townhomes actually in the City of Oakland Park feature 10 foot ceilings, something unusual to find in Oakland Park Real Estate. Oakland Park Realtor, Eric Miller and Associates at Keller Williams Realty Fort Lauderdale has been involved in the Oakland Park Real Estate market for years and was involved in the preconstruction days of the Villas of Coral Heights.

Oakland Park Realtors at Keller Williams

Oakland Park Realtors, Eric Miller and Associates is pleased to announce the listing of one of the original developer units that received a tremendous level of upgrades.

Oakland Parks Best Townhome Value

Oakland Parks Best Townhome Value

Saturnia marble floors in the entry way and baths, wood floors throughout, gourmet kitchen with stainless steel appliances. Huge island kitchen, with tons of cabinetry. A huge master suite with two walk in closets.  Impact windows throughout and this unit is equipped for central vac. This unit features the largest yard in the entire Villas of Coral Heights Community.

The Villas of Coral Heights was built in 2005 and consists of 68, three story townhomes.

The property is all concrete construction with impact glass. The community features a beautiful community pool. The Villas of Coral Heights represents a great value in today’s Oakland Park Real Estate market. When it comes to Fort Lauderdale Townhomes let the Oakland Park Realtors at Eric Miller and Associates show you why 3901 Coral Heights Lane Oakland Park, Florida 33334, in the Villas of Coral Heights offered at $439,000 is one of the best deals in Fort Lauderdale Real Estate.

Oakland Park Community Redevelopment Area

The Oakland Park Community Redevelopment Area (CRA) has recently completed many infrastructures and landscaping projects near N.E. 12 Av and N. Dixie Hwy! These improvements affect the surrounding Oakland Park Real Estate market and adjacent Ft Lauderdale Real Estate market.
For those of us who live here in South East Florida, this CRA is good news as Oakland Park’s “Main Street” turns into “Wilton Drive” and continues south via 4th Ave into downtown Ft Lauderdale. By improving the infrastructures on this route and accomplishing visual improvements along this heavily traveled South East Corridor, the Oakland Park Real Estate market, the Wilton Manors Real Estate market, and Ft Lauderdale Real Estate can only benefit.
The progress of this CRA is a welcome sight and yet just another example of exciting things happening in both Oakland Park and Wiltons. For all your local realstate needs contact Eric Miller and Associates, ask us  “Why it’s a great time to buy Ft Lauderdale Real Estate?”