What do you mean by saying some people won't buy homes that don't have the exemption? I'm about to buy a home in Jupiter FL. Now obviously, the homes are all like twice what the previous owners bought them for 8 or 10 years ago. So when I buy the house, the assessed value (and thus property taxes), are going to go up NO MATTER WHAT right? I mean, if it's assessed for 400k with the previous owners, and I buy it at 725k, does it matter if the previous owners have homestead exemption or not????? I mean, it's still going up right? I thought homestead follows the owner, not the house, is this wrong?
I’m so sorry to interrupt, but that is false information. If you own a home on private property in the state of Florida and that private personal property is in NO WAY ASSOCITATED WITH AN ACT OF COMMERCE or profit producing activity….there is no tax due at all! Your shelter is not taxable. The exemption you are applying for it to separate your homestead from the peroration of your property that is operating in commerce. Start researching!
If I am filing for the first time this year (we purchased first home last year), when should I expect reduction to actually show? Will monthly mortgage payment be reduced immediately ?
What do you mean by saying some people won't buy homes that don't have the exemption? I'm about to buy a home in Jupiter FL. Now obviously, the homes are all like twice what the previous owners bought them for 8 or 10 years ago. So when I buy the house, the assessed value (and thus property taxes), are going to go up NO MATTER WHAT right? I mean, if it's assessed for 400k with the previous owners, and I buy it at 725k, does it matter if the previous owners have homestead exemption or not????? I mean, it's still going up right? I thought homestead follows the owner, not the house, is this wrong?
Remember to re-apply if you changed a name on the deed (put in a trust, pulled out of trust, added a name, etc)
Thank you🙏
I’m so sorry to interrupt, but that is false information. If you own a home on private property in the state of Florida and that private personal property is in NO WAY ASSOCITATED WITH AN ACT OF COMMERCE or profit producing activity….there is no tax due at all! Your shelter is not taxable. The exemption you are applying for it to separate your homestead from the peroration of your property that is operating in commerce. Start researching!
If I am filing for the first time this year (we purchased first home last year), when should I expect reduction to actually show? Will monthly mortgage payment be reduced immediately ?
You'll see changes in 2022
I’m trying to edit the application I sent, do you know how can I do that? Thanks
I believe you need to take that up with the county at that point. Have you called?
Your address is shown in the right upper corner 😰😰😰
How do I file for military disability exemption?? I'm in St Lucie County.
Shoot me an email and I’ll send you the info I have on how to do this. Shane@carpenterkessel.com
@@SpaceCoastShane can I get this information to as well for a military applicant