Homeowners in Florida may see their property taxes go down after the Republican-led state legislature passed a bill that was signed by the governor Friday.
House Bill 7019 now must be approved by voters in the form of constitutional Amendment 5, which will appear on November’s ballot.
In Florida now, homeowners are permitted to reduce by $50,000 the assessed value of their home, which in turn reduces the property tax burden. For example, the owner of a $300,000 home would pay taxes on $250,000.
Florida's homestead exemption bill would lower property taxes: What to know
white and brown house near green grass field under white clouds and blue sky during daytime by Ronnie George is licensed under Unsplash unsplash.com
white and brown house near green grass field under white clouds and blue sky during daytime by Ronnie George is licensed under Unsplash unsplash.com
Source:
NBC 6 South Florida
