Aunty, If your place is assessed at 150,000 and the levy rate is 1% (or 10/1000), then your tax is 1500/yr, as you state. However, if you are a qualifying senior your levy rate runs about 8/1000 on 60K for the under 25K folks, so the taxes would be about 480/yr. Not a huge amount, admittedly, unless you are a qualifying senior.

You, Jhook, are spot on.

I've come to the conclusion, however, that is our government's unspoken policy to tax you into the poor house and then put you on an exemption. One of the by products of tax exemptions, whether senior, agricultural, or timber, and land trusts, and down zoning such as GMA, and parks and schools and other state and county owned properties, is that the supply of buildable parcels gets less and less. The end result is higher and higher demand. Price, value, and taxes go up with demand. Which is great if you are into land speculation and a total rip is you just want to live on a particular piece of property that has sentimental value.

Not whining here, just stating the facts.