myiSmart Knowledge Tools

Step 1

It is important to note that the taxes reported on the Realist Property Details Report are the Ad Valorem taxes and may not be the total taxes for the property. Total taxes could include special taxes as well as a CDD (Community Development District) fee. A good business practice is to review the Pinellas County Tax Collector Tax Bill to determine if there are any non-Ad Valorem taxes on the property.

Step 2

Review the Tax Information section of the Pinellas County Property Appraiser Report to better understand the impact of the Save-Our-Homes cap and exemptions on the property. A good risk management practice is to either present a copy of this report to the buyer or advise them on how to find the report on the Pinellas County website. Many brokerage firms use a tax information disclosure, along with the Pinellas County Property Appraiser Report, to help clients better under the potential tax liability on the property. This is the only public records report that addresses potential tax liability without the benefit of the Save-Our-Homes cap and exemptions.  It is important to note that the tax impact is based on the current owner’s taxable assessment.  When the property is sold the taxable assessment will change.

Step 3

Review the Exemptions section of the Pinellas County Property Appraiser Report to understand the exemptions that are currently in effect on the property. This is the only public records report that contains a breakdown of the types of exemptions on the property.