does that vary by county or something?
my understanding of the homestead is the tax value starts at your purchase price, it still goes up every year but there is a max % increase
either way you're still paying way substantially less.
I've been in my house for around 14 years, paid 230. Its been hovering in the high 200s the last couple years but now in the last 6 months its jumped up north of 400. I'd love to sell and walk with 350-400 in my pocket but where would ya go.
Yea pretty sure it's by county.
A county above me does the tax rate just like 03's. While mine does it based off some algorithm that in the past prior to this jump in home prices was ~30% less than selling price before any homestead exemption.