Fwiw in Florida we have what’s called a homestead exemption. You get a big slice of your property value axed for taxation purposes if you live in the home. You have to pay full tax on any other properties. I believe tax rate increases are capped for homes with the exemption as well, but that might be for all homes. I don’t remember exactly.
Fwiw in Florida we have what’s called a homestead exemption. You get a big slice of your property value axed for taxation purposes if you live in the home. You have to pay full tax on any other properties. I believe tax rate increases are capped for homes with the exemption as well, but that might be for all homes. I don’t remember exactly.
How do they verify you live there?
You can have 1 homestead. So you either live there or are paying full taxes elsewhere.
It also has to be your legal registered address.
You can only list one home as your permanent residence.
It’s 50k it’s pretty much a joke based on property values. They could increase property tax and increase the exemption but it’s not going to happen