Anthony DuBois | How Florida Homeowners Can Reduce Property Tax Burdens

Anthony Dubois

Florida homeowners often overlook property tax exemptions that could significantly lower their annual costs. As a real estate expert, Anthony DuBois advises homeowners to take advantage of Florida’s tax-saving programs to manage financial obligations more effectively. Knowing how to apply these benefits can help property owners reduce their taxable property value and keep expenses under control.

The homestead exemption is one of the most widely used tax benefits, reducing the taxable value of primary residences by up to $50,000. Additionally, the Save Our Homes cap limits the annual increase of assessed value to three percent or the rate of inflation, whichever is lower. These tools protect homeowners from sudden spikes in their tax burden.

Beyond the standard exemptions, Florida offers additional property tax reductions for seniors, veterans, and individuals with disabilities. These programs provide extra relief for qualifying homeowners, ensuring they can afford to remain in their homes long-term. Homeowners should check with their local property appraiser’s office to see what exemptions they qualify for.

For homeowners planning to sell and purchase another property in Florida, tax portability allows them to transfer the savings from the Save Our Homes cap to a new home. This prevents a major increase in property taxes after moving. Understanding how to leverage this program can lead to substantial savings over time.

Anthony DuBois stresses that homeowners who stay informed about available exemptions and assessment caps can better manage their financial future. Taking the time to apply for these benefits can make a meaningful difference in property tax costs year after year.