In 1992, Florida voters approved a state amendment that limits the increases in assessed value for homestead exempt properties to 3% per year or the amount of the increase in the Consumer Price Index (CPI), whichever is less.
Tax statements for real estate taxes are mailed to owners on or about November 1st of each year, with discounts available for early payment. Taxes become delinquent April 1st of each year. Homestead exemption can reduce the taxable value of a property by up to $50,000. Taxes on real estate and tangible personal property are ad valorem, meaning they are based on the value of the property. |
Property Taxes Too High?
It's often been said that "there's nothing certain in life except death and taxes." But you may be able to save money on property taxes by having your home appraised properly. Please fill out the form below and we’ll send you more information, with no obligation. We guarantee your privacy.