How To Pay Less Property Tax... Episode 269
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How To Pay Less Property Tax... Episode 269
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How To Pay Less Property Tax...
...by using The Florida Save Our Homes Amendment (SOH)
this is a discount available for home owners for their primary residence
it was designed to help homeowners with high property value appreciation
there is a 3% tax increase cap per year
the assessed value of the home is used for the tax calculation
not the market value of the home
this can save homeowners hundreds of dollars per year
the assessed value does reset the following year after a home is sold
so future owners will pay more tax in most cases
there is also a portability option for those that are selling their homes
and want to apply the discount to their next home
when you buy a home and close by December 31, 2025
you are able to apply for this up until March 2,2026
you can purchase this year and have a similar timeline to apply as well
today's show breaks it all down and gives some resources for more information
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