Florida statue allows for what type of exemption from assessed property values for residential properties? a....

Florida statue allows for what type of exemption from assessed property values for residential properties?

a. foreclosure exemption

b. retirement exemption

c. sales exemption

d. tax exemption

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Expert Solution

ANSWER

a. foreclosure exemption

Florida voters overwhelmingly approved the Homestead Exemption Amendment in 1934 (Article X, Section 7, as it was numbered before the 1968 Florida Constitutional re-write). The initial Homestead Exemption sought to ease the burden on homeowners by exempting property taxes on the first $5,000 of a homeowner's residence.

jeff jeffy answered 2 years ago

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