Property Tax Estimator Report

Property taxes are tricky! How will you know what your tax bill will really be on your next home? Did you know that most Realtors and Mortgage Lenders just blindly show you the tax bill for the home you’re buying from the previous year? This doesn’t take into account how the taxes will increase after purchase and can be very misleading because in Florida the prior owner’s taxes may have been “Locked Down” by Florida’s “Save Our Homes Act”. Imagine buying a home and then finding out your taxes are way more than you thought they would be! This happens to hundreds of new Florida Homeowners EVERY DAY.

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Smart Escrow

Smart Escrow

$25.00 $100.00
SmartEscrow™ takes into account existing “portability”, actual local county and municipality tax tables, and other intricacies of Florida’s unique property tax laws so that the borrower’s property tax escrow account is set up accurately with no need for any significant adjustments in the future!

How Does It Work?

Have you owned a prior home in FL? Did you know that you may have accrued valuable “Portability” savings that will REDUCE your next home’s tax bill as long as you establish your next homestead within the required time periods and transfer the savings properly!

FHC’s Florida Property Tax Estimate Report (PETR) will figure all of this out for you! You’ll receive an accurate estimate of how much the taxes will be for the home you’re buying the year of purchase and the year after purchase, after which changes will become insignificant. This amazing report will even show you how your escrow account SHOULD be set up for property taxes AND it will warn you if you have Portability to transfer but haven’t filed to move it! Only $25!

Florida Homestead Property Tax Analysis Form Example
Florida Homestead SmartEscrow app connections chart

Why Should I Get One?

Lenders find it very convenient to set up escrow accounts for property taxes the same for all 50 states. Unfortunately, Florida has very unique property tax laws that can result in big adjustments to your escrow account in the first or second year of your loan. Surprises are nice for your birthday, but not when it comes to your mortgage payment and escrow account! The Smart Escrow™ Report is a very easy-to-use tool that creates a simple and completely accurate report on how your escrow account should be set up. See below for an example of how the Smart Escrow™ Report looks.

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SmartEscrow™ is an incredible value at a cost of only $25 per report.

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Answers To Frequently Asked Questions

  • What is a SmartEscrow™ Report?

    SmartEscrow™ is a new easy tool for use by Lenders, Closing Agents, and Homeowners in Florida to accurately handle property tax escrow account setup. Your SmartEscrow™ report will show how much money to collect up-front at closing towards the property tax escrow, the correct amount for the property tax escrow payment each month, and even the correct pro-ration for current-year property taxes on the settlement statement

  • How much does a SmartEscrow™ Report cost?

    SmartEscrow™ reports are only $25.00!

  • What if the Lender or Servicer ignores the SmartEscrow™ Report?

    Hopefully your lender or title/closing agent values accuracy and professionalism. Purposefully setting up an escrow account in a way that will result in big unplanned adjustments doesn’t benefit anyone. Worst case scenario, if they refuse to set up your escrow account properly, you will at least know how it SHOULD have been set up and you’ll have a good idea of what the adjustments will look like the first two years of your loan. This will help you plan for the adjustments so that they aren’t an inconvenient or worse surprise.

  • How long will it take to get my results report back?

    You can expect to get your SmartEscrow™ Report results back within a few minutes of placing your order. Some reports take more work than others to generate (such as if a property record is redacted). If you do not see any results within 24 hours please contact us at

    support@floridahomesteadcheck.com

  • Why should I get a SmartEscrow™ Report?

    Lenders find it very convenient to set up escrow accounts for property taxes the same for all 50 states. Unfortunately, Florida has very unique property tax laws that can result in big adjustments to your escrow account in the first or second year of your loan. Surprises are nice for your birthday, but not when it comes to your mortgage payment and escrow account! The Smart Escrow™ Report is a very easy-to-use tool that creates a simple and completely accurate report on how your escrow account should be set up.