Jupiter Property Tax Questions
This week we will talk about Jupiter property tax, condo fee’s and club fee’s prior to buying a home or condo. I have customer’s look at several properties in the same communities and the taxes will vary greatly. We have something called homestead here in which your property values can only go up 3% per year. So if you owned your home for a long time your taxes will be less then someone purchasing new. When you buy your Jupiter property will be reappraised at the new sales price and your tax bill will be adjusted to approximately 2% of the new sales price. If you pay $250,000 you can expect a yearly tax bill of $5,000. Hope that helps answer your Jupiter property tax questions.
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