Description: {{ website.description }}
If you have ever purchased or sold real estate in the state of Florida then you know there are some very important things that you should understand. Of course you should always have a local REALTOR® representing you in your transaction, but here are some of the most common questions we hear from our clients. Just about every one of these questions deserves its own article, so we’ll point you in the right direction and please call us to discuss any of these questions in more detail.
Q: Should I Homestead my Florida property?
A: Homesteading your property in Florida can be a huge tax advantage, especially if you don’t have a property homesteaded in another state. Florida law provides for a $50,000 homestead exemption and once your property is homesteaded your annual assessment shall not increase more than the lower of 3% or the percentage change in the Consumer Price Index (CPI). Consult with your tax adviser and visit your local Tax Appraiser web site for more information.