Quote:
Originally Posted by tophcfa
Thanks for the information, I knew the homestead exemption helped by exempting up to $50K of property value from taxes, but I was unaware it also significantly capped increases in accessed values. Perhaps it should be renamed the “Screw Part Time Residents” exemption.
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You don't get a discount for /not/ doing something to promote full-time residency. Part-timers don't contribute full-time to the economy, and therefore they don't get the full-time break.
They get a part-time break, in that they can rent their property when they're not there, which will cover the mortgage, taxes, utilities, and hopefully provide a few bucks' profit for their efforts.
If you want the full-time tax break, then you have to be a full-time resident. And you only get that break on the home you actually live in. So if you own 4 homes in Florida you only get one break.
Just like you can't whine about NOT getting a senior discount, when you're not yet a senior. Or the happy-hour special price, if you show up during prime-time dinner hour.
Part timers aren't being shafted. They're paying the regular price. Homeowners who live in their home full time are just getting a discount. They still pay the regular price on additional homes in the state.