Home taxes on foreclosure

Question

I am looking to buy my first home. It is a foreclosure home, and I will be offering 80,000. The home sold in 2006 for 184,000. The agent has it listed with property taxes being 2600. This is with it being homesteaded. How are the taxes determinded? I looked it up and the value of the home in April was determinded to be around 132,000. Is it possible that the value of the home has gone down due to the bad market? Is it possible that, if I do buy this house, my taxes won't be this much? I live in the state of Florida if that is important. Any info would be a big help. Thanks!

Answer 1

Its possible they went down and when they are redone they may go down again.  Still they probably won't go down as much as they should (so many municipalities are desperate for revenue) so I'd get ready to appeal them when you get them.

Answer 2

Plan on $2,600.  That is correct for the "valuation" today.  Later it might be reconsidered.  FLorida is having budget troubles and they don't want to lose any money on your house.  /