Navigating Florida’s Property Tax System
As you soak up the sun and enjoy the laid back Florida lifestyle, it’s essential to remember that owning a home in the Sunshine State comes with its own set of unique property tax considerations. Florida’s property tax system can be complex, but understanding how it works can help you save money and avoid costly surprises. The Tampa seller agents / Orlando seller agents and buyers’ agents at One Percent Guys Full Service Real Estate Pros can help you navigate and understand property taxes in Florida. In fact, there are a ton of programs and benefits that many homeowners are unaware even exist!
For instance, did you know that Florida has a “Save Our Homes” cap, which limits the annual increase in assessed value to 3% or the Consumer Price Index (CPI), whichever is lower? This means that your property taxes can’t skyrocket overnight, giving you a sense of stability and predictability. Additionally, Florida offers a variety of exemptions and discounts, such as the Homestead Exemption, which can reduce your taxable value by up to $50,000. Veterans and seniors may be eligible for additional property tax exemptions as well.
Navigating these exemptions and ensuring you’re taking advantage of all the savings available can be a daunting task, which is why it’s crucial to work with a knowledgeable real estate agent. Your friends at One Percent Guys Full Service Real Estate Pros are here to guide you through the process and help you make the most of Florida’s property tax system.
As the pioneer of 1% real estate in Florida, One Percent Guys Full Service Real Estate Pros employs a team of expert Tampa seller agents/Orlando seller agents and buyers’ agents who are dedicated to helping you make your dreams become reality. Our approach really does make a difference and puts more money back into your pocket! Contact us now learn more about our 1% real estate difference today.