How can I reduce my property taxes?
0
14
Home Get Help How can I reduce my property taxes? As a Florida property owner, you may qualify for exemptions that reduce your property taxes. If you own and permanently live in your home on January 1st, you may be eligible for the homestead exemption for that year. Florida’s homestead exemption decreases the property’s taxable value by as much as $50,000. You pay taxes on the lowered value. Your property tax bill will include both ad valorem and non-ad valorem property taxes. Non-ad valorem property taxes are not what you would normally think of as taxes. They include charges paid by the municipality or county for such things as stormwater, waste disposal, and other government services. Be aware that property tax exemptions only reduce ad valorem property taxes. Here’s how the homestead exemption works:The first $25,000 in property value is exempt from all property taxes.If your home has an assessed value between $50,000 and $75,000, you may have another $25,000 exemption.There is a c...