• Discounts and special offers
  • Subscriber-only articles and interviews
  • Breaking news and trending topics

Already a subscriber?

By signing up, you accept Moneywise's Terms of Use, Subscription Agreement, and Privacy Policy.

Not interested ?

How property is transferred in Florida

The spokesperson for Tarpon Woods Properties LLC said they want to turn the golf course into a wetlands preserve, but concerned residents are worried about the year-long construction, any future residential properties, and their home values.

"It's going to completely disrupt and destroy the ecosystem [and] increase demand on our infrastructure that’s already over-taxed,” said resident Bill Nobles, organizer of Save Tarpon Woods. “Why did you lie to us? Why did you go this route?”

Under Florida law, the transfer of a non-homestead property (meaning: a property that isn’t the primary residence of the owner) means:

  • The sale or foreclosure of the property;
  • The agreed-upon legal or beneficial title in equity to another person; or
  • A transfer of control, or of ownership of more than 50%, of the legal entity that previously owned it when it was last assessed

In the Tarpon Woods situation, a bill of sale isn’t enough for a property to legally change hands. Either the previous owners must file a change of ownership form with the Florida Department of Revenue, or a new deed must be recorded with the county’s clerk of the court.

In a follow up by News Channel 8, Twitty, the Pinellas County Property Appraiser, said the correct paperwork still needed to be filed. Because the forms are still outstanding, the new owners are now facing a tax lien for back taxes due and penalties.

The process of changing property ownership from one entity to another — and researching who owns what properties — differs from state to state. However, deed histories are public record and are available to research with the appropriate office.

To look into the ownership history of a certain property, start with the office in your county responsible for real estate transactions. Some of the offices who handle real estate may include the recorder, assessor, register of deeds, clerk of courts, or land records office.

The Richest 1% Use An Advisor. Do you?

Wealthy people know that having money is not the same as being good with money. Advisor can help you shape your financial future and get connect with expert guidance . A trusted advisor helps you make smart choices about investments, retirement savings, and tax planning.

Try Now

What recourse do the residents have?

Because real estate is a matter of public record and zoning laws, any proposed changes to a property must go before a local government agency for an open hearing.

After holding a public developer’s meeting within the community, Tarpon Woods Properties LLC are now waiting for the next step in the process, which involves approval for the wetlands preserve.

Homeowners in the area claim that, if the alleged development plans move forward, they could lose between 20% and 30% of their property values. However, the spokesperson for the new owners said their main focus is on the wetlands mitigation bank plan.

Before a final decision is made on the fate of the property, it must go through several rounds of public hearings through the Southwest Florida Water Management District, the Pinellas County Development Review Committee, and ultimately the county commission.

In a situation like this, where residents are concerned about neighborhood changes that could impact their properties, it’s important to go to the appropriate agency meetings to voice an opinion on future developments.

Just as property records are public records, agency meeting agendas must be provided to the public before a meeting is held.

An agenda will outline when a property issue will be discussed, and outline how those affected can have their say before a final decision is made.

Sponsored

Save big on car insurance with this simple, money-saving tip

Tired of overpaying for car insurance? Find affordable rates without the hassle. Media Alpha's comparison tool makes it easy to discover hidden savings and unlock better deals in minutes. Don’t wait—start saving money on your car insurance today. Visit now

Joe Cortez Freelance contributor

Joe Cortez is a freelance contributor to Moneywise.

Explore the latest articles

Crypto scam leaves 83-year-old woman out $50K

An 83-year-old woman lost $50,000 in a heart-wrenching crypto scam after thinking her grandson was in legal trouble. Because the funds were sent via crypto, they can never be recovered.

Danielle Antosz Freelance contributor

Disclaimer

The content provided on Moneywise is information to help users become financially literate. It is neither tax nor legal advice, is not intended to be relied upon as a forecast, research or investment advice, and is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy. Tax, investment and all other decisions should be made, as appropriate, only with guidance from a qualified professional. We make no representation or warranty of any kind, either express or implied, with respect to the data provided, the timeliness thereof, the results to be obtained by the use thereof or any other matter. Advertisers are not responsible for the content of this site, including any editorials or reviews that may appear on this site. For complete and current information on any advertiser product, please visit their website.