Hope you are well.Property tax is based on the appraised value as assessed by the county appraiser.
Residents and non-residents pay the same rate, however if you are a resident and have applied for homestead or have other exempts, your effective rate may be lowered. Here is further explanation.
Though the state government does not collect any property taxes, local governments receive much of their funding through these taxes. These rates are assessed at the local level and can vary by county, and they are based on the value of the property. Property taxes in Florida are some of the highest in the country, although there are several exemptions to try to lighten the load on some Floridians.
Property Tax Exemptions
Homestead Exemptions are available on primary residences in Florida. These exemptions can be available up to $50,000. However, only the first $25,000 of this exemption applies to all taxes. The remaining $25,000 only applies to non-school taxes.
Widow(er) Exemptions of $500 are available to widows and widowers who have not remarried. If you were divorced at the time of your ex-spouseâ€™s death, you do not qualify for this exemption.
Senior Citizen Exemptions are available in link below with certain counties and cities only. They are valued up to $50,000 for residents 65 years old and older who have gross income below $20,000 in 2001 dollars, adjusted for inflation. This exemption is in addition to the Homestead Exemption.
Blind Person Exemptions of $500 are available to Floridians who are legally blind.
Total and Permanent Disability Exemptions are available for homeowners who have a total and permanent disability. Quadriplegics who use their property as a homestead are exempt from all property taxes. Others who must use a wheelchair for mobility or are legally blind and have a gross income below $14,500 in 1991 dollars, adjusted for inflation, can be exempt from all property taxes as well.
Veterans Exemptions exist in a number of different forms.
A veteran documented as disabled by 10% or more in war or service-connected events can earn an additional exemption of $5,000 on any owned property.
An honorably discharged veteran who is totally and permanently disabled or requires a wheelchair for mobility due to their service can be exempt from all property taxes. In some circumstances, this benefit can be transferred to a surviving spouse.
An honorably discharged and disabled veteran who is 65 or older who was a Florida resident when they entered military service may be eligible for an additional exemption. The disability must be permanent and must have been acquired as a result of the military service. The property tax will be discounted based on the percent of the disability.
Members of the military deployed during the last calendar year can receive exemptions based on the percent of time during the year they were deployed.
Hope this helps,
Vincent Warren Paige, Jr.
REALTORÂ® | RE/MAX Showcase
Certified Broker Price Opinion Registered Agent (BPOR)
8934 Conroy Windermere Road | Orlando, FL 32835
Direct: 407.256.8190 | Fax: 407.264.8073
The tax rates are the same for everyone, but there are quite a few exemptions available that can reduce the appraised value of the property to which the rate is applied.
Each county in FL may have different rates. The rate is for each home. Not for each person. So whether the home owner is a resident or not of the US the rate will stay the same. If the home is used as the primary place of residence for the homeowner, after a year of living in it, they can claim "homestead" which reduces the amount paid in taxes buy creating a deduction on the value of the home. Each home has the property tax reset when it is sold, so you can not always figure what the last homeowner paid will be what you pay. The best way to determine the property tax on any home is to locate a great Realtor. A Realtor will be able to look back and the property taxes and compare them with homes sold in the area to give you a rough idea whether you "homestead" or not.
If you do not have a Realtor working with you in Orlando, I would be happy to recommend someone to help answer these type questions and help you find a great property in Orlando. Please review my profile on Trulia and message me or email me directly at Thoyt@prutropical.com
No pressure, just help.
Prudential Tropical Realty
some states have a discount if you live in the home and claim it as your 'homestead' that discount is not available to folks that do not live in the home full time and have residency status
Call me at 407-451-3145 and I will answer all your questions.
Hope this helps,
Dave Lowe, real eestate broker
GRI, ePRO, CDPE, REPM