Property Taxes Decrease For Out Of State Owners

A welcome sight to out of state property owners is seeing their tax bill drop sometimes as much 15%. In the past out of state owners have felt the sting of the rapidly increasing market appreciation as much as 10% to 15% a year which translated into huge increases in their tax bill. While in state owners who have their property homesteaded would only see a maximum taxable value increase of 3% a year. This might be the first year in many years that the homesteaded properties taxable rate will increase and the non-homesteaded properties taxable value will increase.