Buy Now To Get Your Homestead Exemption In for 2015!
If you are looking to buy in the Fort Lauderdale and South Florida area now is the time to do it. Rates have come back down and if you buy before the end of the year you will be able to file for your Homestead Exemption so it kicks in at the end of 2015. It can save you anywhere from $640 to $1152, that’s big savings!
To find out more go to – http://bcpa.net/homestead.asp:
“All legal Florida residents are eligible for a Homestead Exemption on their homes, condominiums, co-op apartments, and certain mobile home lots if they qualify. The Florida Constitution provides this tax-saving exemption on the first and third $25,000 of the assessed value of an owner/occupied residence. While a complicated formula is used to explain this — as the additional $25,000 only applies to the non-schools portion of your tax bill — the bottom line is that the basic homestead exemption saved a Broward homeowner in 2013 anywhere from $640 to $1,152 (depending upon your city’s millage rate) in annual tax savings for all homes with a value of $75,000 or higher.”