What is homesteading in FL and what are the benefits of this?

Asked by Trulia Naples, Naples, FL Thu Nov 15, 2012

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Kathy Bogan…, , Naples, FL
Sun Nov 18, 2012
Homeowners, sfh, condo, co-op, get a discount on annual taxes based on an exemption, which is taken off the estimated value by the tax appraiser; people who are not homesteaded pay a high taxe on a similar property because they don't qualify for the exemption....KathyBC 800-448-3411 ext 601 (11/18)
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Peggy Wagner-…, Agent, Bonita Springs, FL
Thu Nov 15, 2012
Homesteading allows a permanent resident to claim a deduction from the Appraised Value of the Home that are not taxed. Additional, any property taxes are capped at 3% increase per year, so it helps property owners from exorbitant tax increases when prices are rising sharply.
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