Florida Real Estate
Property taxes in Florida are outrageous even during this period of depressed home values. A year after buying such a home you could be facing outrageous property taxes.
Don’t confuse the Florida “Save Our Homes” exemption with a homestead exemption. Homestead exemptions in Florida exempt the home from the first $25,000 of assessed value if that home is used as a primary residence. The reduction in Florida property taxes from a homestead exemption is nothing compared to the property tax reductions the “Save Our Homes” exemption can produce.
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