Think You Know Your Property Taxes? Here’s What You Might Be Missing
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In this episode, we dive deep into the world of property taxes and market changes in Pinellas County.
Our guest, Mike Twitty shares valuable insights on the impact of recent law changes on condo fees, the intricacies of the homestead exemption. Plus, we explore how his passion for music and balanced living shapes his approach to public service. Don’t miss out on practical tips and crucial information that could save you money on your next tax bill!
IN TODAY’S EPISODE, WE TALK ABOUT:
- Property Market Shifts in Pinellas County - We discuss the recent changes in the Pinellas County real estate market, including the slowdown in property values and the impact of new laws on condo fees. The conversation highlights how these shifts are creating a more complex market, particularly for condos, which are now leaning towards a buyer's market.
- Understanding the Homestead Exemption - The episode breaks down the homestead exemption, explaining how it works and why it’s crucial for homeowners. Our guest also shares tips on ensuring your exemption is correctly applied and how to avoid losing it, especially if you’re renting out your property.
- Amendment Five and Its Implications - We explore the upcoming Amendment Five on the November ballot and what it could mean for property owners in Pinellas County. The amendment proposes incremental increases to the homestead exemption based on the Consumer Price Index, potentially offering more relief over time.
- The Importance of Accurate Tax Estimates - The episode emphasizes the significance of understanding your property tax estimates, especially for new homebuyers or those considering purchasing investment properties. Our guest explains how to use the tax estimator tool on the county website to avoid unexpected tax hikes after a purchase.
- Balancing Public Service and Personal Passion - Our guest shares his personal journey of balancing a demanding public service role with his passion for music and outdoor activities. He talks about how finding this balance has helped him stay grounded and effective in both his professional and personal life.
CONNECT WITH MIKE:
- Website: www.pcpao.gov
CONNECT WITH DONNIE:
- Follow Donnie: @donnie.hathaway
- Follow Palm Harbor Local: @PalmHarborLocal
- For more real estate information - https://palmharborlocal.com/search-for-homes/
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Stroll through the laid-back streets of the Palm Harbor community with this informative podcast, proudly brought to you by Donnie Hathaway with The Hathaway Group, your trusted guide and local expert in navigating the diverse and ever-changing property landscape of Palm Harbor.
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