A homestead exemption in Florida is available to those who qualify and file documents making the Florida home a primary residenc

Question

Leno4ka [110]

3 years ago

13

A homestead exemption in Florida is available to those who qualify and file documents making the Florida home a primary residenc

e. The base homestead exemption is:

Social Studies

1 answer:

Yakvenalex [24] · Answer 1 · 2022-03-28T12:52:56+03:00

Answer:

$50,000

Explanation:

According to the Statue of the State of Florida, and the Florida's Constitution, the first $50,000 of a property value are exempt from taxation. In fact, if a house in Florida is valued at $100,000, according to Florida law, it can be valued at $50,000 as well, and would be exempt from taxation.