The state's new law automatically adjusts homestead exemptions to match inflation rates, marking a significant win for permanent residents.
While the idea may appeal to some, experts warn that the loss of property tax revenue could have significant consequences.
In the November election, Florida voters passed Amendment No. 5, which adds an inflation adjustment to the Sunshine State’s ...
Florida does not have a statewide property tax, but counties and municipalities do. And while areas in the state have enjoyed ...
Amendment 5 would tie the state’s homestead exemption to the annual national inflation rate. Currently, Florida homeowners can get a property tax break of up to $50,000 of their home’s ...
For decades, people have been settling in Florida because of a relatively lower cost of living compared to other parts of the ...
Florida Gov. Ron DeSantis wants to eliminate property taxes. It would require a constitutional amendment passed by 60% of ...
Florida also offers a “homestead exemption,” which reduces the taxable value of a primary residence by up to $50,000, resulting in lower property taxes, according to Aleks Grigoriev ...
The deadline for property owners to file for homestead exemption is March 1. According to the Property Appraiser's Office, ...