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Crawfordville, Florida

Crawfordville (population 5,100) is the Wakulla County seat and is about 20 miles south of Tallahassee, the state capital, and 25 miles north of the Forgotten Coast on the eastern section of Florida's Panhandle. It is a rural place surrounded by state forests, natural springs and wildlife refuges. Locals comment on Crawford's friendliness and sense of community.

Nearby Bald Point State Park and Alligator Point boast pristine narrow beaches with few crowds. Both teem with wildlife, including black bears, deer, birds and bobcats. Fishing is particularly popular.

Most businesses and county offices, including the courthouse and the jail/museum, sit along Route 319, the main drag through town. There are several parks, including the Azalea, a walking park with a lion statue that volunteers paint in different colors once a month. High school sports provide plenty of entertainment, especially on Friday nights.

Crawfordville is also home a Tallahassee Community College campus and the Wakulla Environmental Institute.

Cost of Living

Crawfordville is a reasonably priced small town with an overall cost of living 5% less than the national average.

The town is 20% less expensive than Santa Fe, New Mexico, 22% less expensive than Fort Lauderdale, Florida and 27% less than Hilton Head Island, South Carolina.

The median household income is $44,100.

Real Estate

The median home price in Crawfordville is $189,800. This is a 3.3% increase over the previous year. For comparison, the national median home price is currently $259,245.

Estimates are that Crawfordville real estate values will decline by 2% over the next year.

The median rental price is $875 per month.

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Growth

Crawfordville has grown by 50% in the last decade. Much of this has come from Tallahassee residents discovering it.

Taxes

The combined sales tax rate for Crawfordville is 7%. This is the total of state, county and city sales tax rates.

Florida has a 6% state sales tax on vehicle purchases.

Florida's property tax homestead exemption reduces the assessed value of a home by $50,000, so a residence that is really worth $100,000 is only taxed on $50,000. Residents age 65 and older who meet certain income limits may receive an extra homestead exemption of up to $50,000.

The property tax rate is approximately $1,040 per $100,000 in assessed value. The annual taxes on a $189,800 home are approximately $1,975 without a homestead exemption.

Florida does not tax Social Security.

Desire a Nicer Home Without a Mortgage Payment?

If so, consider a Home Equity Conversion Mortgage (HECM) for Purchase. This is a reverse mortgage that lets people age 62+ purchase a new home by using a reverse mortgage.

How does it work? Buyers must put down approximately 45% to 62% of the new home's purchase price, depending on the buyer's age and other factors. This money usually comes from the buyer selling his current home. The rest of the purchase funds come from the HECM loan.

For example, a person sells his home and nets $250,000 from the sale. With a HECM for Purchase Loan he can then buy a new $450,000 home by putting down $225,000 (50%), keeping $25,000 cash in his pocket and financing the remaining $225,000 home price with the reverse mortgage loan. Best yet, the buyer will have no monthly mortgage payments.

Talk to a reputable reverse mortgage lender for more information.

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