E043: How these 3 features can help homeowners save on their property taxes

Have you recently purchased a property in Florida? Did you have a homestead exemption on your previous home? Did you move less than two years ago?If you answered yes to these questions, did you or are you planning to apply for the portability benefit? If not, you may be leaving money on the table. In this episode, we take a deep dive into the Save our Homes cap, portability benefit, homestead exemption, and additional exemptions residents of Florida may be eligible for and how these elements can save homeowners money on their property taxes when compared to homeowners who are not eligible for and/or not using those benefits. The website that was featured in the episode is: www.pcpao.org This episode also discusses why it is crucial to use the tax estimator when purchasing a new home. As mentioned in the episode, the assessed value resets when the ownership changes hands. This reset has caught many buyers off guard when they assume their real estate taxes will be similar to those of the prior owner because it could change dramatically the next tax year if exemptions no longer apply if the homeowner has been a longtime primary resident and has been taking advantage of the save our homes cap for an extended period of time and/or if there is a large differential between the purchase price of the previous owner and the current purchase price. In some cases, taxes have increased more than two or three times the amount the previous owners were previously paying. I love being able to help people save their hard-earned money and put it back in their pockets. Please share this episode if you know anyone who can benefit from the information. If you would like to share a show idea for an upcoming episode, please feel free to call or text me at 727-282-4335 or email me at nicole@nicolesaunches.com. Thanks for tuning in!