There are 2 blog entries for February 2010.
Thursday, February 25th, 2010 at 6:00am. 2,110 Views, 0 Comments.
Boca Raton real estate sales are on the rise. According to data released by the Florida Association of Realtors (FAR) on January 25, 2010, Florida’s existing home sales rose in December 2009 by 33% for a total of 14,630 homes sold statewide compared to 11,013 homes sold December 2008. Home sales rose 4.3% over December 2009. This makes 16 months that sales activity has increased in Florida statewide. Condo sales rose 91% compared to December 2008 and there was a 22% increase in condo sales over November 2009. The FAR also reported a 91% increase in statewide sales of existing condos in December compared to the previous year’s sales. Statewide existing condo sales for December 2009 rose 22% over condo sales in November 2009.
Monday, February 15th, 2010 at 3:54pm. 3,500 Views, 0 Comments.
According to data presented to the Senate Finance and Taxation committee, properties taxes have dropped by 2.28 billion which equals 7.5% decrease over the past three years. That is great news for Boca Raton and surrounding area homeowners and buyers.The efforts of lawmakers starting in 2007 with roll backs and caps on property taxes, the January 2008 constitutional amendment and declining home prices have all contributed to the property tax decrease.
However, taxes have not dropped as much as hoped for as a result of the recapture rule that was adopted by Florida voters with regard to the “Save Our Homes Amendment in the 1990’s which caps assessment increases to no more than 3 percent when home values are appreciating and increases assessments by up