Florida Housing Market

4 Replies

So i am from Maryland and looking to move to Florida. On zillow i see tax assessments of properties listed at 1.6m are like 900k. Is that common or is it the prices are way too high right now? Is it wise to buy a house in FL or should i try something in Virginia? I am just trying to get out of maryland. 

David, every county appraiser will use a different formula for finding the tax appraised value. Here in Sarasota, if you have the opportunity to purchase a property at tax appraised value, you jump on it every time. I would advise you to give an agent or two a call in your target market and pick their brain. See if they've had any issues with properties appraising when financing is involved, etc.

@David Jackson yeah, property tax assessments are not an indication of market value.  Do lean on a real estate agent to provide you with "comps" to determine value.  That's the best bet.

Originally posted by @David Jackson :

So i am from Maryland and looking to move to Florida. On zillow i see tax assessments of properties listed at 1.6m are like 900k. Is that common or is it the prices are way too high right now? Is it wise to buy a house in FL or should i try something in Virginia? I am just trying to get out of maryland. 

Do the assessed Values in Maryland align with the price of houses?