Mike - property taxes are not more for foreign nationals - the difference in Florida is that you cannot Homestead a property if you are not a resident residing in that home.
Florida residents who hold title to a home in Florida and use the home as their permanent residence may establish their residence as a homestead which entitles the homeowner to a $50,000 homestead tax exemption from the assessed value of the home for city, county, and school taxes. When you have your home "homesteaded", the Save-your-home act limits the assessed value increase to 3% per year.
Read this article I wrote for Foreign Nationals on our blog:
http://www.miamism.com/miami-real-estate-for-foreign-nationals
Hope that helps!
Ines
- Tue Jan 20 2009, 09:01