Real Estate Taxes in Florida

Real Estate Taxes in Florida for Landlords

Real Estate Taxes in the State of Florida

If you own a rental property in the Sunshine State, which Real Estate Taxes in Florida you need to pay? The following bullet list will guide our landlords through their possible tax obligations.

  • Income tax: Renting property results in obvious income to the homeowner. All property owners who receive income from rent must file a US Income tax return for the year. The tax year runs for full calendar years and filing takes place on or before June 15 each year.
  • Tangible Personal Property Tax: This tax will assess the value of the furniture, fixtures, and equipment located in businesses and rental property. Tax returns reporting the value of these assets must be filed to the Property Appraisers’ office by April 1st.
  • Property or Real Estate Tax: Property or Real Estate Tax is payable annually. The Property Appraiser’s Office establishes the assessed value of a property and prepares the tax roll. Tax statements are normally mailed out on or before November 1st each year.
  • Sales & Use Tax and Tourist Development Tax: If you rent your property for periods of less than six months, you’re required to collect and pay Sales & Use Tax and Tourist Development Tax on rental income received. Your management company or booking agent may collect and report all Sales and Use Tax and Tourist Development Tax on the rentals that they handle.
  • Local Business Tax: This tax is required by homeowners who rent their US property, renewed annually to the tax collector’s office in the county where the rental property is located.
  • Capital Gains Tax: This tax is payable on the net gain from the sale of a property owned for more than one year. The gain is the sale price minus the purchase price and all related costs incurred in the purchase and sale of the property.
  • FIRPTA Withholding Tax: In the US, the Foreign Investment in Real Property Tax Act requires that a nonresident alien who sells an interest in US real property be subject to tax withholdings of 15% of the gross sales price. Foreign sellers may obtain a Withholding Certificate from the IRS to avoid withholding.

We hope this summary helps our buyers and sellers to understand what their real estate taxes in Florida are. Century 21 World Properties strongly recommends the use of capable accounting service to cope with these legal matters. We recommend HBI and we have done so for years with great results. To read more about this company and find additional information about the taxes listed above, please click here.

South Lake Hospital

South Lake Hospital Coming Soon to Four Corners

SOUTH LAKE HOSPITAL IN FOUR CORNERS — The area where Lake, Orange, Osceola and Polk meet has a booming population, myriad subdivisions and apartment complexes, along with commercial developments, including shopping centers and restaurants.

But the nearest emergency rooms are a time-consuming 10- to 15-mile ride north or south for residents on heavily traveled U.S. Highway 27.

Come next year though, that will change.

South Lake Hospital earlier this month broke ground on a new $13 million freestanding emergency department at 550 U.S. Highway 27, just north of U.S. Highway 192, where the four counties rub shoulders.

“There’s been lots of residential and commercial development, but no real movement in health care in the Four Corners area,” hospital president John Moore said. “It’ll mean residents will no longer have to drive across [U.S.] 192, or to South Lake [Hospital] 15 miles away or to Heart of Florida [Hospital] 16 miles south to get medical care.”

Construction on the facility should be complete by August 2018, giving residents quicker access to health care, especially emergency services, when minutes or even seconds can mean the difference between survival and death for patients.

“Time is critical when someone is injured or needs our help,” Moore said. “This will be a hospital-level emergency department with board-certified physicians.”

The two-story, 40,000-square-foot facility will be staffed by board-certified physicians from South Lake Hospital — part of the Orlando Health system — and will be named the Joe H. and Loretta Scott Health Pavilion.

South Lake Hospital is a new neighbor for Century 21 World Properties. We are excited as we see our area growing. Visit the Orlando Sentinel website to read the full article. Copy and Paste: http://www.orlandosentinel.com/news/lake/os-lk-south-lake-hospital-emergency-room-four-cormers-20170601-story.html

 

Moved by Moving a Friend – Century 21 Commercial

Move With Less Stress

Moving can be stressful - especially with kids. Fortunately, Century 21's knowledgeable agents can make the move a whole lot easier.

TIPS FOR MOVING

Selling your home and moving to a new one has unique challenges. This collection of tips will help get you off on the right foot.

Tips for Your Move

Whether you have moved once or a dozen times, it never seems to get any easier. Here are some hints that we hope you will find helpful as you prepare for moving day.
  • Make agreements with buyers about possession of the home and moving date.
  • Start planning early. From the moment you decide to put your home up for sale, start sorting through your current possessions. Toss (or give away, sell at a yard sale or online) anything that you don't want to take with you.
  • Make a list of important items you will need to buy for your new house, such as drapes, blinds, shower curtains, etc. Having these things with you on the day you move helps you settle in more comfortably.
Start packing early. Anything that you are sure you will not be using before moving day should get boxed. TIP: Organize like items together and mark every box and carton. This makes it easier if you find you need an item before you move, and much simpler after you move. Unpacking tends to be a gradual process--this simple step will help you find the items you need when you need them. Author of this copy is Century 21 (century21.com)
Don't Settle For Less

Don’t Settle Commercial

Century 21 - Don't Settle

70% of homebuyers settle for the first agent they meet. Don’t settle for average. Only Relentless Moves.  

About Century 21 World Properties

Making an offer to purchase a home has its own set of factors. Rely on a CENTURY 21® Agent’s experience and knowledge to make a successful home buying offer.
From listings to showings to negotiations, we're here for you. When it's time to sell your home, you will need the assistance of an experienced and knowledgeable real estate professional. List your property for sale with an iconic brand and franchisor with the most extensive global network in the residential real estate industry.
Buying or selling in the Disney Area of Orlando? Century 21 World Properties, in business since 1998, is your logical choice to work with a CENTURY 21® agent. We Serve the areas of Clermont, Davenport, Kissimmee and Winter Garden. Contact Us.
Bahama Breeze Kissimmee

Bahama Breeze Island Grille

Bahama Breeze Kissimmee, a good place to dine in Four Corners

Bahama Breeze Island Grille is a great place to dine in the Four Corners area.  One characteristic that separates Bahama Breeze from other restaurants is the products incorporated into the recipes offered by the restaurant company. Bahama Breeze Island Grille is a refreshing contrast to fast food facilities disguised as full-service restaurants. Bahama Breeze offers a wide range of menu items presented in the style of the Carribean Islands. Shellfish such as mussels, shrimp, scallops and oysters are creatively and deliciously incorporated into appetizers and entrees. There are plenty of steaks available on the menu. Also, chicken and pork dishes are also available ala Caribbean.

Salads include a wide variety of leafy lettuces, meats, exotic fruits and vegetables. There are many restaurants competing for the hospitality dollars spent in the vibrant tourism and residential market anchored by Walt Disney World and the other theme parks and attractions in Central Florida. Bahama Breeze Island Grille serves quality food products at moderate prices. If you haven’t dined at a Bahama Breeze restaurant you should.

Visit Bahama Breeze website. Also, do not hesitate to visit my Real Estate business, Century 21 World Properties in Clermont, FL. Take a look at our fully featured website for great Real Estate information you can trust and to search for properties like a pro. Perhaps we may end up having a business lunch at the Bahama Breeze Kissimmee restaurant, just a few miles away from the office.

 

 

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Best and brightest awards

Best and Brightest Awards

Private sector businesses in Leon County, in conjunction with the Leon County School System, area private schools and the homeschool community, has a recognition program that is worth taking a look at. Students are nominated from their respective institutions based on academic achievement and community service initiative. From the nominees, one winner, one runner-up and one honorable mention student is selected. All nominees receive a $100 scholarship.

The honorable mention recipients receive a $250 scholarship. The runner-up recipients receive a $750 scholarship. The winner receives a $1,500 scholarship. The recognition of all nominees is often more valuable than the money. The class of 2018 recognized 158 students including a class of eighth graders who submitted essays addressing the importance of community service. The program was inspiring.

 

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Back Yard Pools

One great use of a private back yard pool is community swimming lessons. It is great for the kids and also reminds parents of the things that all.parents care about. Water safety is very important for kids in Florida.

 

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Serenity Townhomes

The Serenity Townhomes at Clermont FL

The Serenity Townhomes is on 40 acres of pristine Florida nature. As a result, Serenity offers residents an escape from the everyday.  Serenity is an eco-friendly vacation home community. The subdivision has 136 townhomes offering water views, conservation areas and more. Additionally, all lots share the Serenity ECO-CLUB™. 

Serenity is part of the Dream resort, an eco-friendly resort style community in a great word location. It is part of the vacation capital of the world. We are at Four Corners, a region of greater Orlando in Florida. Dream’s neighborhoods, Hidden Forest, Hidden Lakes, The Retreat, Serenity, Tranquility and Sunrise Point are on 145 acres of Florida’s natural beauty.

Distinctive features are evident in the design of these communities. Some of these include natural conservation areas, serene water views, mature landscaping, solar-powered streetlights alongside winding roads, and a solar-powered ECO-CLUB™ in each neighborhood. 

Zenodro ZEN-ECO HOMES have been designed to create the perfect balance between both a sunshine lifestyle and nature itself. Living and kitchen areas are open plan to offer a feeling of real space and comfort. Bedrooms and bathrooms carry a touch of high-end living in ambient surroundings. We have spared no expenses to bring the very best to our clients.

Why not take a closer look at our first class specifications and floor-plans? Gain a deeper understanding of how Zenodro has gone the extra mile to construct world-class vacation properties for the 21st century. Our company has created a new standard in home building. For additional information about Zenodro Homes, Contact Century 21 World Properties. Ask us for information or schedule a showing. 

Disclaimer: The information and materials of this article are taken from the Zenodro Builder provided information and reproduced here with their permission.

Privé, an Island Beyond Extraordinary

Privé Island Highlights

Privé Island, beyond extraordinary. As the sole address on South Florida’s Last Private Island, Privé at Island states puts you in the rare position of having it all, all the time and practically all to yourself.

It is easy to envision a life without limits when you live surrounded by unending vistas of open air, sea and sky.

Highlights of the Privé island lifestyle include:

  • Approximately 70,000-sq-ft of indoor social spaces
  • Several acres of outdoor amenities
  • Two-story gym/spa totaling 10,000 sq ft in each tower
  • Expansive pool deck with two oversized swimming pools
  • Private marina for yachts up to 150 ft in length

Comprised of two 16-story towers with 80 residences apiece on an eight-acre island, Privé features an astounding array of lifestyle amenities designed to complement perfectly the gracious residences on the floors above. From the broad strokes to the finest details, Privé delivers on the vision of a life without limits.

Every Privé residence incorporates signature
features such as:

  • Residences up to 9,536 sq ft
  • Ceiling heights of 10 ft (10-17 ft in Penthouses)
  • Spacious balconies, 10 ft deep and up to 120 ft in length
  • Private penthouse rooftop gardens with full-size pools
  • Private outdoor space up to 6,568 sq ft

Contact us for a sales kit and additional information. We are Century 21 World Properties. We Sell Houses. Buyer and Seller Representation for new construction. Get help to negotiate your apartment on the beautiful Privé Island.

Disclaimer: The materials and information reproduced in this article are a property of the Privé builder, provided to us by them and published on our Website with their permission.

Build a new home

Build a New Home

How to Build a New Home Wisely

So you want to build a new home. Of course, it has to be perfect. How can you start your project on the right foot? Our advice is to choose the best builder. How to identify the best builders from those that are not too good? The following steps will help you start your project with the greatest possibilities of success.

First, elaborate a list of the available builders in your area. How satisfied are those who used these builders? It is time to do some research. In today’s world, consumers have the benefit of customer testimonials. Google the builder name for good sources of reviews and take note. Working with the builder that has the best reviews increases your possibilities of landing in a home that will make you happy for many years to come. Additionally, you can talk to friends and neighbors for first-hand opinions. Finally, do not hesitate to ask the builder for a list of satisfied customers. 

Second, use a Real Estate professional with experience in new construction. Having helped others to build a new home, Realtors® are familiar with the builders. They know about licensing and insurance, design options, warranty and service guarantees, industry and community involvement, the portfolio of completed work, and more. They are also aware of good and bad builders, those with good or bad reputation. Besides, Real Estate professionals will cost nothing to you. They are paid by the Builder. And the builder will not pass savings to you if you visit them alone. The builder does not represent you but their companies. Use professional help.

Finally, do some research on building materials. Build a new home with quality products. Disreputable builders may play with materials to save money. Learn about trusted and reliable products and equipment from nationally-recognized brands. Request a list of specifications and make sure only reputable materials and equipment are on the list. Again, your Realtor® is aware of the good products that are available today in the marketplace.

Century 21 World Properties Ready to Help

Century 21 World Properties has been serving new home buyers since 1998. Contact us for a free consultation and take advantage of our professional friendly service. When building a new home, trust our name. Also, search for new homes using our website. With the advice on this article and our help, you will be on your way to land in a high quality built home at the right price.

 

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