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!
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.