You found your dream home in Panama City, Florida. The seller’s property tax bill looks totally manageable — then your first bill arrives and it is nearly double. Nothing went wrong: it is the Florida property tax reset, and it catches thousands of new homeowners off guard every year. The video breaks it down; this article shows you exactly how to calculate what you will really pay.

Why the Seller’s Tax Bill Means Nothing for You

Florida’s “Save Our Homes” law caps how much a homesteaded property’s assessed value can rise: no more than 3% a year (or inflation, whichever is lower), no matter what the market does. A family that owned the home for 15 years of rising prices has been paying taxes on an assessed value far below what the house is worth today.

When the home sells, that protection dies with the sale. The county resets the assessed value to full market value — typically your purchase price territory — on January 1 after you buy. Your tax bill is calculated from that reset number, not from the seller’s capped one. That is the whole surprise: same house, same millage rate, double the taxable value.

How to Estimate Your Real Bill

1. Start with your purchase price as a proxy for market/assessed value.
2. Subtract the homestead exemption if the home will be your primary residence (up to $50,000, with part not applying to school taxes).
3. Multiply by the local millage rate — in the Panama City area, roughly 1.2–1.6% depending on the taxing district.

Rule of thumb: budget 1.2–1.5% of your purchase price per year and you will rarely be surprised. Better yet, most Florida county property appraiser sites (Bay County included) have a tax estimator that runs this exact calculation for your parcel.

Three More Things Buyers Should Know

• File for homestead by March 1. It saves money directly and starts your own Save Our Homes cap, protecting you from future spikes.
• Portability: moving within Florida? You can transfer up to $500,000 of your accumulated Save Our Homes benefit from your old homestead to the new one — a huge and underused break.
• Escrow shock: lenders often set your initial escrow from the seller’s old bill. When the reset hits, your monthly payment jumps to catch up. Ask your lender to escrow off the estimated post-sale taxes from day one.

Budget Right, Buy Confident

The tax reset is not a reason to avoid buying in Florida — it is a reason to run the numbers correctly before you fall in love with a payment. If you are buying in Panama City or anywhere in the Panhandle, connect with me at WinWithGlen.com and I will make sure your payment estimate reflects reality — taxes, insurance, and all.

What Is This Video About?

Trump’s Retirement Account for Kids is the focus of this video. Trump’s retirement account could make your kids rich.

It’s $1,000 funded (one-time), you can invest in the market, and untouchable until 18.

The money can be used for a business, home, student loans

Why Should You Watch This?

This video offers practical knowledge and actionable insights. Whether you’re looking to learn something new or deepen your understanding, this content delivers value directly from an expert perspective.

What Are the Key Takeaways?

• Expert insights on trump’s retirement account for kids
• Practical strategies and actionable advice
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Who Should Watch This Video?

This video is perfect for anyone interested in the topic and looking to expand their knowledge. The content is presented in an accessible way that makes complex concepts easy to understand.

What Is This Video About?

This video challenges the traditional wholesaling model in real estate and explains why it may not be the best long-term strategy for building wealth. Pace Morby discusses how wholesaling is a career path focused on transactional income rather than a true investment strategy that builds lasting assets.

Why Should You Watch This?

If you’re feeling stuck in the constant grind of chasing leads, building teams, and managing commissions, this video offers a perspective shift. It explores why raising capital and owning income-producing assets like RV parks or mobile home parks can create real financial freedom instead of keeping you trapped in an endless cycle of transactions.

What Are the Key Takeaways?

• Wholesaling is a career path that requires constant work, not an investment strategy that builds passive wealth
• Transactional income keeps you grinding without building long-term assets
• Raising capital and owning RV parks or mobile home parks creates real freedom and passive income
• The shift from working deals to owning assets allows you to earn whether you show up or not

Who Is This For?

This video is ideal for real estate investors who are tired of the wholesaling grind and want to transition to a model that builds true wealth. It’s particularly relevant for those looking to understand the difference between earning transactional income and building a portfolio of income-generating assets that provide financial freedom.

What Is This Video About?

Airbnb is OVER in 2026… Here’s Why. explores important insights in real estate and investment strategies. This video provides valuable perspectives on current market trends and opportunities.

Why Should You Watch This?

This content offers practical knowledge for real estate investors and entrepreneurs. The discussion covers strategies that can help you make informed decisions in today’s market.

What Are the Key Takeaways?

• Understanding current market dynamics and trends
• Practical strategies for real estate investment
• Insights from experienced industry professionals
• Actionable advice for building wealth through real estate

Who Should Watch This Video?

This video is perfect for real estate investors, entrepreneurs, and anyone interested in creative financing strategies. Whether you’re just starting out or looking to expand your portfolio, you’ll find valuable insights here.

What Is This Video About?

This video explores an innovative short-term rental model focused on providing fully furnished housing to families displaced by disasters like fires and floods. Instead of targeting vacation tourists, this approach serves insurance-backed tenants with stable, long-term demand.

Why Should You Watch This?

Pace Morby visits SubTo member Rex Shippy in Boise to break down how this disaster relief housing model works. You’ll learn how insurance companies support this business, why it’s less competitive than vacation rentals, and how to structure creative deals to get started in this overlooked market.

What Are the Key Takeaways?

• Disaster relief housing provides stable income through insurance-backed long-term stays
• This model avoids the crowded vacation rental market while serving a real community need
• The video includes a live exercise showing how to raise private money by asking the right questions
• Creative financing strategies can help you enter this market without traditional funding

Who Is This For?

This video is perfect for real estate investors looking for alternative rental strategies beyond traditional Airbnb models. Whether you’re experienced in creative finance or just starting out, you’ll discover a service-driven approach that combines stable cash flow with helping families in need.

What Is This Video About?

Overwhelmed? Listen to This. is a video that explores important insights about real estate investing and personal development. The video covers valuable strategies and perspectives that can help you succeed in your investment journey.

Why Should You Watch This?

Most people use “overwhelmed” as an excuse to slow down.

You don’t find powerful people, you attract them.

The harder you work on yourself… The clearer your mission becomes and the louder your impact gets. Whether you’re just starting out or looking to scale your portfolio, this content offers valuable lessons.

What Are the Key Takeaways?

• Learn proven strategies for real estate investing
• Discover creative approaches to building wealth
• Get practical advice you can implement immediately
• Understand the mindset needed for success

Watch the full video above to dive deeper into these concepts and start applying them to your own investment strategy.

What Is This Video About?

This video challenges real estate investors to rethink their approach to making money in the current market. It explores why traditional “safe” methods may be holding you back and introduces alternative strategies like creative finance, co-living, and government-backed sober living models that can open up new paths to cash flow.

Why Should You Watch This?

If you’re struggling to make more money in real estate despite your efforts, this episode reveals that the problem might not be the market—it’s the outdated strategy you’re clinging to. You’ll discover how creative finance and innovative models like Oxford House are helping investors break free from the boring trap that keeps most people stuck.

What Are the Key Takeaways?

• Traditional real estate methods in 2025 can feel as outdated as renting DVDs in a streaming world
• Creative finance, co-living, and government-backed sober living models offer completely different paths to cash flow
• Subject-to opportunities allow you to lock in tenants before you even close on a property
• Expanding how you think about real estate reveals far more interesting ways to win than conventional investing

Who Is This For?

This video is perfect for real estate investors who feel stuck using traditional methods and are ready to explore creative financing strategies. Whether you’re attending the Creative Nation Tour meetups or looking to structure deals differently, this episode shows you how to expand your thinking and discover more profitable approaches to real estate investing.

He walked into the Portland meetup with a laundromat deal and no idea how to structure it. Pace Morby called the seller live on stage. She had over 300 inquiries and multiple cash buyers — and zero reason to choose him. He won the deal anyway. Not by offering more money, but by offering better terms. That is the whole thesis of creative finance, and it is how ordinary buyers beat cash in a competitive market.

Why Cash Usually Wins — and Where It Loses

Cash wins on speed and certainty. What it rarely wins on is the seller’s actual problem. Sellers say they want cash, but what many need is monthly income, a specific timeline, tax relief, or simply to be done without the property being their problem anymore. A cash offer at a discount solves none of that better than the right terms offer.

The Terms That Beat Price

Seller financing: turn the seller into the bank

Instead of a discounted lump sum, the seller gets their full asking price paid monthly with interest. For a seller without an urgent need for the whole pile of cash — especially one facing capital gains on a lump sum — monthly income at a higher total number regularly beats a lower cash offer.

Subject-to: take over what already exists

When the seller has a low-rate mortgage, buying “subject to” the existing loan keeps that financing in place. The seller gets debt relief and a clean exit; the buyer inherits a rate no bank would write today.

Hybrid structures

Most real deals mix the two: some cash at closing for the seller’s immediate needs, the existing loan stays in place, and a seller carryback covers the gap. The structure bends around the seller’s situation — that flexibility is exactly what a cash offer cannot do.

How to Actually Compete

1. Find the motivation before you write the offer. Ask why they are selling, what they will do with the proceeds, and what happens if it does not sell. The answers tell you which terms matter.
2. Offer choices, not ultimatums. A price-focused cash option next to a full-price terms option lets the seller sell themselves.
3. Make the terms concrete. “I will pay your full price: $X per month for Y years, starting on this date” is believable in a way that vague creative talk is not.
4. Close professionally. Creative deals still run through title companies, attorneys, and recorded documents. Certainty is part of what you are selling.

The Laundromat Lesson

Three hundred inquiries means the seller had seen every version of the same offer. The one that won was the one that started with her situation instead of the buyer’s spreadsheet. In any hot market, that is the edge that does not require outbidding anyone.

If you are buying or selling in the Florida Panhandle and want offers structured around your actual situation — not just a number — connect with me at WinWithGlen.com.

What Is This Video About?

Traditional Real Estate Is For Broke Investors. This video covers important insights and strategies that can help you understand the topic better. The content provides valuable information based on real-world experience and practical knowledge.

Why Should You Watch This?

This video offers actionable advice and perspectives that can benefit anyone interested in the subject. Whether you’re new to the topic or looking to deepen your understanding, you’ll find valuable takeaways.

What Are the Key Takeaways?

• Practical strategies and insights related to traditional real estate is for broke investors.
• Real-world examples and expert perspectives
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What Does the Video Cover?

Traditional real estate is like living in Oklahoma…

You think cornfields are the view and don’t even know what’s really out there in the world.

Most investors aren’t choosing traditional real estate because it’s better.

What Is This Video About?

Seller Finance Your House. This video covers important insights and strategies that can help you understand the topic better. The content provides valuable information based on real-world experience and practical knowledge.

Why Should You Watch This?

This video offers actionable advice and perspectives that can benefit anyone interested in the subject. Whether you’re new to the topic or looking to deepen your understanding, you’ll find valuable takeaways.

What Are the Key Takeaways?

• Practical strategies and insights related to seller finance your house.
• Real-world examples and expert perspectives
• Actionable information you can apply immediately

What Does the Video Cover?

This is how you seller finance your house.

Even with two liens, you can seller finance AND get paid for the equity.

These are the kind of deals I’m doing.

It’s a win for her, me and the bank.