What is a homestead exemption?
A homestead exemption is a legal provision that reduces the taxable value of a homeowner's primary residence, thereby lowering property taxes. In Florida, eligible homeowners can receive an exemption of up to $50,000 on their property's assessed value. The first $25,000 applies to all property taxe
What is an home appraisal?
Understanding the concept of a home appraisal is crucial for both buyers and sellers in the real estate market. A home appraisal is an unbiased professional assessment of a property's value, typically conducted by a licensed appraiser. This valuation process is essential in various scenarios, includ
What is portability?
Florida’s property taxportability allows homeowners to transfer some or all of their "SaveOur Homes" (SOH) property tax savings to a new home when they selltheir current home. The SOH benefit limits the annual increase in theassessed value of a primary residence to 3% or the rate of inflation,which
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