WIN 20250313 16 51 41 Pro TALK Property Tax in Florida | Van 3/13/2025 WIN 20250313 – Thursday Talk – Property tax in Florida
Transcript:
0:011 second hi everybody
0:099 seconds yep I met another video yeah um those vi you see I will
0:1818 seconds appears in the camera I will place the video in
0:2626 seconds uh what the uned play BL list um I
0:3535 seconds will um add the link to the post
0:4343 seconds Community yep uh yeah I don’t publish out view
0:5050 seconds with my face there
0:5656 seconds uh yeah
1:071 minute, 7 seconds yeah nothing uh they not anything special today I just uh yeah I just
1:141 minute, 14 seconds ready to mold along but I say okay let me uh uh testing the camera on the
1:231 minute, 23 seconds daytime I use my laptop camera yeah
1:311 minute, 31 seconds so uh to see how the uh the outcome of the video look like compared to the day
1:381 minute, 38 seconds at the night time I did record some video at night time couple weeks a couple days ago actually I I think I
1:471 minute, 47 seconds recorded a lot four or five video clip it’s one about some as long as almost 2 hours and
1:571 minute, 57 seconds one some like hours hour or some 15 20
2:052 minutes, 5 seconds minutes yeah nothing is the special let me see I think I have something I want
2:122 minutes, 12 seconds to show you oh yeah that’s my bag
2:192 minutes, 19 seconds um every time I go to uh get the mail from my bu I just D in here so it’s the
2:272 minutes, 27 seconds one get lost
2:412 minutes, 41 seconds this now I just saw it
3:083 minutes, 8 seconds [Music]
3:123 minutes, 12 seconds yeah that’s the new one
3:253 minutes, 25 seconds yep yeah just uh bit
3:333 minutes, 33 seconds in let me see um in the Tas you know PR Tas they
3:403 minutes, 40 seconds have that in inser uh this the information about the pr TX uh
3:503 minutes, 50 seconds information and then I think this year this uh probably because a lot of people question where the money goes uh you
3:593 minutes, 59 seconds know the money went um so this year they uh include is
4:074 minutes, 7 seconds here so I just want to share with you guys I think I don’t think it’s in the past they they include these information
4:174 minutes, 17 seconds here uh but this year a lot of people question where the money go went because
4:244 minutes, 24 seconds they collect a you know um new purchase house uh packs a lot because the those
4:334 minutes, 33 seconds generation bought the house on a cheap um not cheap this it’s a kind of normal
4:404 minutes, 40 seconds Market back then like my dad they already died major of them majority of
4:474 minutes, 47 seconds them died and they get so and those people Di and no more as 3% is C anymore
4:564 minutes, 56 seconds because the house to was so the new people the new people the new owner new owner how to pay the the tax of today
5:055 minutes, 5 seconds today Market Market grade tax and so um
5:135 minutes, 13 seconds uh uh if the the house left uh to the children the children change to their
5:205 minutes, 20 seconds name or they have to pay the current market rate tax
5:285 minutes, 28 seconds too if um the owner died uh without
5:375 minutes, 37 seconds what uh actually the pra T um um actually
5:455 minutes, 45 seconds the um the the house is still on the you know the uh the dead owner and then they
5:545 minutes, 54 seconds also CH to the current market right and then tax in the new market right and all assumption whatever is removed
6:036 minutes, 3 seconds and the the house is go uh goes with the current market rate and passs on the
6:096 minutes, 9 seconds current market rate uh it doesn’t matter how much the house are purchase back
6:166 minutes, 16 seconds then even though the house purchase back then is like $50,000 and now in the down orando is
6:246 minutes, 24 seconds probably L just five5 half million dollar or like 600
6:326 minutes, 32 seconds $600,000 the they tax on the deck um home Pro estate is is on
6:426 minutes, 42 seconds $600,000 and then then 10% cap not 3% 10% cap
6:506 minutes, 50 seconds because the Deb owner is no longer is live in the house so there no assumption
6:576 minutes, 57 seconds for him or her and U uh
7:057 minutes, 5 seconds yeah so you 10% not the 10% on the yearly probably tax the 10% on the the
7:157 minutes, 15 seconds market rate up the property so like this year they um they tax on
7:237 minutes, 23 seconds $600,000 that’s partay and uh next year the market um the tax uh they will incl
7:317 minutes, 31 seconds like $100,000 more is that you know 700 the C in they C in the
7:377 minutes, 37 seconds $700,000 and if the market goes uh go up
7:447 minutes, 44 seconds uh but even though stay steady the is still increasing your tax is
7:517 minutes, 51 seconds they they not to stop there this this increases and then increases and then um
7:587 minutes, 58 seconds uh yeah and then the maximum C the C is
8:048 minutes, 4 seconds 10% so if no one pay the task for the the B homeowner
8:128 minutes, 12 seconds estate uh and then the house probably I don’t know after
8:198 minutes, 19 seconds that but um whoever PID for the prop tax for the that um home estate they have to
8:288 minutes, 28 seconds repair that children you know because sometime yeah there a oh if they have a children
8:368 minutes, 36 seconds the children got the party the thing is is um sometime they have not only one je they have like couple three four fives
8:458 minutes, 45 seconds and then the M majority of the children want to keep
8:518 minutes, 51 seconds the house as a family house and um they don’t want to you know split up some
8:598 minutes, 59 seconds this is a just a slip up but um uh some they didn’t want to slip up they want to keep that a family
9:089 minutes, 8 seconds house as the family house so they just keep the same like that uh or there’s
9:169 minutes, 16 seconds some another thing going on they just leave it like that uh so when is
9:239 minutes, 23 seconds everything so the problem you know Sol so they uh mightbe they take care out
9:309 minutes, 30 seconds uh not I mean they take care the title
9:379 minutes, 37 seconds uh yep Tas they uh uh I um before they didn’t list on the the
9:449 minutes, 44 seconds website um but after many of us saying blah blah blah blah and then they add the
9:539 minutes, 53 seconds information on the website they have the you know they have you have they have the information about on the um not not
10:0210 minutes, 2 seconds the the information and the exemption they do have they you know they do have that’s a long time but for the cap 3%
10:1110 minutes, 11 seconds 10% they um L on the uh uh at on the website is clear like you know you have
10:1810 minutes, 18 seconds a hormonal assumption that you have to filter be before March 1st uh to in
10:2510 minutes, 25 seconds order to get exemption for that year they did add their information like if
10:3210 minutes, 32 seconds you have assumption the C is 3% and the rest is not uh they put on another back
10:3910 minutes, 39 seconds is a 10% cap it doesn’t matter that is a house the family house or the house is
10:4610 minutes, 46 seconds from some you know that home estate or the houses as investor or uh how the
10:5510 minutes, 55 seconds coroporation um you know on you know corporation on they not on want to own a bunch of them the Vesta they own not
11:0311 minutes, 3 seconds only one a bunch of them too but it’s a might be less than the corporation and
11:1011 minutes, 10 seconds uh some know they bought the uh they rent out uh only couple houses is the
11:1811 minutes, 18 seconds stur is a c 10% or they have um just addition one house you know here the for
11:2711 minutes, 27 seconds location that’s the same uh 10% cup so that’s mean like if you don’t make the qualify for 3% cup they put on
11:3611 minutes, 36 seconds the backet all then put in the backet of 10% cup it doesn’t matter this is a the
11:4311 minutes, 43 seconds party is um um that her estate or no one live in
11:5111 minutes, 51 seconds there uh so this
12:0112 minutes, 1 secondit’s um it’s really made the people upset that when you know they want to keep their house that’s the probably U
12:0812 minutes, 8 seconds like the family house in um The House of the their parents is is
12:1612 minutes, 16 seconds about back then only like less than $100,000 and then when the parent died and then they ra uh they change the the
12:2412 minutes, 24 seconds new market R is4 $500,000 but how about you know this is a it’s not ter is how in the downtown
12:3412 minutes, 34 seconds Orlando Back Then is $50,000 now probably almost a million
12:4412 minutes, 44 seconds dollar not only that I think like um they not changing the price for the you
12:5112 minutes, 51 seconds know the D Marketplace but I believe I’m not sure I just believe that you know you add additional uh to the the prob
13:0113 minutes, 1 second like um thing probably they change to the they you know they reval the change to
13:0813 minutes, 8 seconds the new marketpl so that’s a lot of people they they want to add additional florid room or anything or like a party
13:1613 minutes, 16 seconds or Str P they kind of try avoid it because they they’re
13:2213 minutes, 22 seconds afraid they be be know they be tax on the new market price
13:2913 minutes, 29 seconds because they um they power purchase 20 30 years ago they are 3% cap too so um
13:3813 minutes, 38 seconds they afraid that you know they add additional in you extend a little bit they will be have to pay the tax on the
13:4713 minutes, 47 seconds new market race almost 5 600,000 instead of like
13:5413 minutes, 54 seconds um uh uh back then they bought about 50 80,000 and then increase increasing yearely probably now they pay on
14:0314 minutes, 3 seconds $200,000 for the prodct uh but 3% cap that’s the $200,000 but uh if they add additional
14:1214 minutes, 12 seconds one probably they have to pay the 500,000 they tax on probably tax on P $500,000
14:2014 minutes, 20 seconds $600,000 so they try to do anything so recently you see nobody like to fraud
14:2814 minutes, 28 seconds that room or like sunnd or swiming pool party or stuff like that
14:3614 minutes, 36 seconds back then when my dad bought the house and um that’s time a lot of people like you know they bought the house and then
14:4414 minutes, 44 seconds they uh hide uh uh company H additional back like fraud room or a
14:5214 minutes, 52 seconds sunro like that uh how much yeah I believe uh back then they said like if
15:0115 minutes, 1 second they run in air condition there that’s is um they calculate the uh extra squ
15:0915 minutes, 9 seconds fit of the house so they have to pay more tax but back in the the house you
15:1615 minutes, 16 seconds know price is is not changing a lot so I don’t know they pay on the market rate or not but they the tax on the Proby is
15:2515 minutes, 25 seconds not changing much uh um for tax
15:3315 minutes, 33 seconds exemption I heard they say like um uh they approve for additional
15:4015 minutes, 40 seconds 25% oh no 25,000 tax exemption uh but they been look like they’ve been forced
15:4815 minutes, 48 seconds to make it because they say like it’s if they not enough money uh to pay out
15:5615 minutes, 56 seconds stuff or something but I tell you uh I know as I know a tax exemption uh my dad
16:0316 minutes, 3 seconds qualifi he purchased the house $120,000 yeah I give you the correct
16:0816 minutes, 8 seconds information exactly because I know um I yeah I know my dad is okay um he
16:1716 minutes, 17 seconds purchased the house is $120,000 uh uh he qualifi for tax
16:2716 minutes, 27 seconds $25,000 they deducted $225,000 so um he purchased that how the house
16:3516 minutes, 35 seconds $120,000 but uh back then they um they tax on the prod is kind of
16:4216 minutes, 42 seconds distant from the market price uh I believe he the tax him only only 90,000
16:4916 minutes, 49 seconds 93 98 93 something I will take out the paperwork I show you but I I remember
16:5616 minutes, 56 seconds somehow it’s is around 100 uh less 100 a little 100 or three I don’t
17:0417 minutes, 4 seconds because um but not 120 not tax on 120,000 I believe 98,000
17:1317 minutes, 13 second sthe tax on 98,000 the tax back then they rate is kind of
17:1917 minutes, 19 seconds this big different from the market rate it’s not look like right now it’s kind of too close and sometime it’s
17:2717 minutes, 27 seconds a it’s more than I saw some some house they attack some more than that I don’t know why
17:3517 minutes, 35 seconds uh I saw on the record not the person by uh that’s um my dad bought
17:4417 minutes, 44 seconds $120,000 and he qualified for $25,000 uh tax exemption he qualified
17:5117 minutes, 51 seconds for $500 on um because he u v v v
18:0018 minutes this way yeah because my mom passed away
18:0518 minutes, 5 seconds 500 120,000 98,000 another 500 on the proba tax
18:1418 minutes, 14 seconds uh so
18:2418 minutes, 24 seconds uh yeah that’s the house is uh more than 2,000 s
18:2918 minutes, 29 seconds it uh have this POR in s po too in the little shade and have
18:3918 minutes, 39 seconds a fence and um that’s the
18:4618 minutes, 46 seconds 1997 and uh have 25,000 on uh
18:5518 minutes, 55 seconds 98 uh tax 98,000 uh you know ta
19:0519 minutes, 5 seconds 98,000 so that’s my dad case but before my dad purchased a house a couple years AG before that he a
19:1419 minutes, 14 seconds coworker he bought the house in the University
19:2019 minutes, 20 seconds B uh is close to youf brand new house that uh I think alen man Factory home
19:3019 minutes, 30 seconds built he but there uh I 90,000 something
19:3719 minutes, 37 seconds 995 or something like that because he did uh told my dad and took me and my uh
19:4419 minutes, 44 seconds brother came over his house to you know uh invite us to came over and did came
19:5119 minutes, 51 seconds over there and I sit there with his wife and then my dad talking with him there on the because he he bought the house
19:5919 minutes, 59 seconds and then he had people to uh do the floor sunnd room too uh he
20:0720 minutes, 7 seconds paid $25,000 to make the sunnd and then they s uh they sat on the
20:1320 minutes, 13 seconds back there they talk and
20:2620 minutes, 26 seconds uh uh I heard uh he said um he qualifi for the tax at Samson $225,000 and then
20:3520 minutes, 35 second she will met His Daughter by the new the another house so the one married so she can qualify for
20:4320 minutes, 43 seconds $25,000 tax exemption uh he has a two daughter uh one is a little bit older
20:5020 minutes, 50 seconds than me but because they kind they came kind of after us so she when came here
20:5620 minutes, 56 seconds she 18 19 19 20 some that uh 19 I think
21:0121 minutes, 1 second 19 years old right so she just um go to not go school also back then in Vietnam
21:1021 minutes, 10 seconds back then is a lot kids that didn’t finish a middle school even the elementary school too especially
21:1921 minutes, 19 seconds like uh yeah and uh
21:2921 minutes, 29 seconds so it’s 9 uh9 some th000 is um for
21:3421 minutes, 34 seconds 25,000 exemption but I I told you the uh at the tax uh um appraisal or count so
21:4521 minutes, 45 seconds they didn’t tax their tax party is kind of far from the market pH so it’s the he
21:5221 minutes, 52 seconds purch to 90 something does not mean he h uh they tax on him 90 something is
21:5921 minutes, 59 seconds probably 80 something and he got $25,000 that’s exemption can you IM just
22:0622 minutes, 6 seconds so he pay only around 50 60,000 tax on 50 60,000
22:1522 minutes, 15 seconds dollar but now the price Market races is up
22:1922 minutes, 19 seconds [Music]
22:2222 minutes, 22 seconds to uh with his house right now the market race are that are area is$ 400,000 something
22:3022 minutes, 30 seconds almost $500,000 $500,000 but the t s is still $25,000
22:3822 minutes, 38 seconds $25,000 that’s what I know is back in 1995 is was there already
22:4922 minutes, 49 seconds $25,000 uh when I will um where I will did all paper organize my paperwork I will I
22:5822 minutes, 58 seconds know I I still have in there uh the information all the tax uh the thing the you know tax collection and a l i still
23:0723 minutes, 7 seconds C on there I will P to see and
23:2023 minutes, 20 seconds uh so that’s mean like but they still say it’s not enough they worry like they
23:2823 minutes, 28 seconds don’t have enough Tas for dollar for the another I don’t know why but anyway it’s
23:3623 minutes, 36 seconds not my uh my job let someone do it because someone they pay for that they
23:4223 minutes, 42 seconds do it if not someone I’ll take over that job that’s
23:4923 minutes, 49 seconds so the say uh oh
23:5923 minutes, 59 seconds I uh one more thing I’m not sure like you
24:0924 minutes, 9 seconds know it seem like you add additional name on the title of your
24:1624 minutes, 16 seconds PR uh they start taxing the new tax rate too uh the new market rate too I I’m not
24:2424 minutes, 24 seconds sure about this I kind of look at the Greer it’s kind of look like
24:3024 minutes, 30 seconds that uh so most people they um they didn’t change the title didn’t not even
24:3824 minutes, 38 seconds though they Mary they just keep that’s that’s the same thing they
24:4424 minutes, 44 seconds don’t want want St with that so they just left uh like
24:5524 minutes, 55 seconds that and then I know some people like you know when they start they B the house they have you know small family
25:0325 minutes, 3 seconds when they have the you know the family is stand bigger like they have first they have only a husband and wife later
25:1025 minutes, 10 seconds they might be have a a kid one child and then two three four uh like that and
25:1725 minutes, 17 seconds they need more space But the thing like they they still they afraid like they
25:2525 minutes, 25 seconds they afraid they have bought the new house they have pay a lot more tactic and affordable to you know take care
25:3125 minutes, 31 seconds those G1 to
25:3925 minutes, 39 seconds uh I saw in my uh where I live the sub subdivision that is um
25:4625 minutes, 46 seconds elderly then he purchased the house back when just bu in 1991
25:5325 minutes, 53 seconds I2 I don’t forgot about that this subis they was bu on 90 91
26:0126 minutes, 1 second 992 the last were later is only one a couple of them is
26:0626 minutes, 6 seconds 993 um he purchased back in 92 I believe so in
26:1726 minutes, 17 seconds um where uh want to check want to check back uh last year or a couple years ago
26:2626 minutes, 26 seconds because uh when the tax on my dad R after my dad died is taxing New Market
26:3526 minutes, 35 seconds race I got so much so upset they remove all assumption that’s fine but they tax on the new market
26:4426 minutes, 44 seconds price that made me upset and mad and then I dig out I look over all the uh
26:5226 minutes, 52 seconds you know record on this subvision and then sometime I look out
26:5926 minutes, 59 seconds too uh I saw this um this elderly
27:0727 minutes, 7 seconds elderly he um he add additional name I that’s uh I think that’s I look at his
27:1527 minutes, 15 seconds wife uh this his wife probably he got a new wife but he
27:2227 minutes, 22 seconds um you know he bought the house L less than $100,000 I believe that’s time
27:2827 minutes, 28 seconds around this area only about 110 or
27:3527 minutes, 35 seconds less and he asked his wife new wife name there and so he moved he uh H the new
27:4527 minutes, 45 seconds address in s Austin uh and then the house is T on the
27:5127 minutes, 51 seconds new market race the new market race all
27:5827 minutes, 58 seconds yeah he he lose all assumption uh
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WIN 20250313 – Thursday Talk – Property tax in Florida
Nghe: Tu La Coi Phuc