Will you benefit from the Proposed 3rd Homestead Exemption?
Florida Amendment 1, Homestead Exemption Increase Amendment (2018)
In the coming General Election, Florida voters will be asked to decide whether to expand Florida’s Homestead Exemption benefit for homes tax value appraised over $100,000.
Whether this additional exemption would save you tax dollars or not depends on the property’s current assessed value. The homestead estimator below will provide you with an approximate savings of tax dollars. Begin by typing in your address and choose it as it appears in the drop-down list.
HOMESTEAD ESTIMATOR
Below is a visual of the new Homestead Banding. You can also click here for more information or a larger view of this diagram.
A "yes" vote supports exempting the portion of assessed home values between $100,000 and $125,000 from property taxes other than school taxes, bringing the maximum homestead exemption up to $75,000.
A "no" vote opposes exempting the portion of assessed home values between $100,000 and $125,000 from property taxes other than school taxes, keeping the maximum homestead exemption at $50,000.
Please call, email or stop by your local property appraiser's office if you have any questions.
Below is a visual of the new Homestead Banding. You can also click here for more information or a larger view of this diagram.
A "yes" vote supports exempting the portion of assessed home values between $100,000 and $125,000 from property taxes other than school taxes, bringing the maximum homestead exemption up to $75,000.
A "no" vote opposes exempting the portion of assessed home values between $100,000 and $125,000 from property taxes other than school taxes, keeping the maximum homestead exemption at $50,000.
Please call, email or stop by your local property appraiser's office if you have any questions.
Information Courtesy Of:
Lorie Ward, C.F.A.
Glades County Property Appraiser,
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