South Florida Tax Calculator, Miami Real Estate

Miami-Dade Tax Calculator may Provide Good News

Miami-Dade County’s property tax calculator is now showing the proposed “flat tax” commissioners recently approved.

According to the property appraiser’s office, the calculator’s results are going to be good news for most owners of Miami real estate.

This new provisional tax rate is a reduction from the proposed rolled-back rate, and should result in lower county taxes for most property owners on their 2009 Miami real estate property tax bills, according to a news release.

The tax calculator is on the property appraiser’s web site and helps property owners estimate their taxes.

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Miami Homes, Miami Beach real estate

Lennar Posts 3^rd Quarter Loss but still Optimistic

Orders for new Miami homes were down 8% from a year earlier, but executives are confident that the Florida housing market is recovering.

Lennar, a homebuilder in Miami, reported a greater loss in its fiscal third quarter as it continued to write down the value of land and unsold Miami homes, but executives say, assuming the economy remains stable ,the company will be profitable next year.

Orders for new Miami homes were down 8% from a year earlier, but they increased each month during the quarter ending August 31^st. Miami based company had more sales in at the end of last month than any time since August 2008.

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Home Sales Rise! Miami Beach Real Estate

February Home Sales Rose, Miami Beach Real Estate

After six months of decline, we saw a rise in home sales of existing homes in February but private economists said it was too soon to say the prolonged slide in housing is coming to an end.

Existing home sales rose by 2.9 % in February to a seasonally adjusted annual rate of 5.03 million units, reported The National Association of Realtors. It marked the first sales increase since last July, but even with the gain sales were still 23.8 % below where they were a year ago.

The biggest slide in the current housing slump was the median sales price for single-family homes and condominiums which dropped to $195,900, a fall of 8.2 % from a year ago, The biggest decline in four decades was the median price for just single-family homes which was down 8.7 % from a year ago,

On Monday, the Dow Jones Industrial average rose 187.32 points to close at 12,548.64. Wall Street, which had been expecting another decline in home sales, was encouraged by the February increase as well as improved terms for Bear Stearns stockholders in the sale of that company to JPMorgan Chase & Co.

Full Article...Febuary Home Sales Rise..Miami Beach Real Estate

Foreclosed Homes and Condos on the Rise,

Foreclosure Homes, Miami Beach Real Estate Foreclosures

Nationwide, foreclosures have climbed closer to record levels as thousands of homeowners struggled to make their payments and began loosing their properties to foreclosure. Miami Beach real estate foreclosures have more than double this past year and we are starting to see more and more Miami Beach real estate auctions. There are a number of ways to take advantage of foreclosures, depending on the stage of foreclosure of the property. At first, when the homeowner defaults on their mortgage, they receive a notice of default from the lender and are given a chance to catch up on their past payments. If this is not possible, then the property reverts back to the lender and is then considered an REO or real estate owned property, as it is owned by the bank who had given the loan on the property.

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Florida Property Tax Cut, Miami Beach Real Estate

Cutting your Florida property tax by 25% a year? That's what Florida voters will decide in the fall. But adversaries of the plan say that in reality that’s just putting money in one of your pockets and taking it out of another.

Cutting property taxes by 25% would mean an 8 to 9 billion dollar savings for Florida property owners. The state would eliminate property taxes for schools, and make up that money by increasing the sales tax by 1 cent, raising an additional $3.4 billion.

Supporters of the bill say they'll make up the shortfall for schools by cutting spending.

The plan would also cap tax increases for part-time residents and businesses at 5% instead of 10%.

The tax cut plan will require a 60% voter approval to pass.

Full article...Tax Cut, Miami Beach Real Estate

Free Foreclosure Listings,Florida Foreclosure Sales

Florida Foreclosures, Miami Real Estate

Miami Lodge Realty, Inc has compiled a list of 50 Miami Homes that have been significantly discounted because they are in some stage of foreclosure process. Our Florida foreclosure listings consist of Miami homes in foreclosure, Miami short sales and distressed properties in Miami. These Miami homes are in various stages of foreclosure such as pre foreclosures and foreclosure auctions. For additional information on any of the Miami homes in foreclosure shown below please call our Miami real estate office at 305-673-3303 to speak with a professional real estate agent.

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Florida Homestead Exemption, Miami Real Estate

Florida’s Portability Tax Law Discouraging for Florida Homeowners

Many Florida homeowners are still puzzling over how the new portability measure works, as the March 3^rd application deadline approaches for Florida’s homestead exemption and property-tax portability.

Many Florida homeowners are not reading the details contained in the application instructions:

· Many homeowners have sent their applications to the wrong counties.

· Many homeowners have applied who don't meet the criteria.

· And a lot of people don't realize there is a two-year eligibility period for transferring homestead tax benefits.

But helpful information and applications are available online at the Miami-Dade County and Broward County property appraisers' websites at www.miamidade.gov/pa/ and www.bcpa.net/.

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