I am currently looking to buy a house. I like in Orlando FL area. I was wondering exactly?

Question

I like in Orlando FL area. I was wondering exactly how the property taxes work. Say if the property tax was 1031.00 in 2006 will this mean the taxes will be more or less in this year? Can the property itself (taxes) go down each year? This is overwhelming when it comes to buying a home. The home is a 2002, fairly newer home. Just curious! Thanks..

Answer 1

Although it is possible for property taxes to go down, the only reason they would is because your home has decreased in value. Not something you want to achieve. Better hope they don't go down every year