Quote:
Originally Posted by Bill14564
According to the Florida Department of Revenue you should be seeing $25,000 exemption on school taxes and $50,000 exemption on County and Water Management taxes.
When I look on my TRIM notice I see a top block with the various taxes and a Taxable Value then a second block with Market Value and Assessed Value.
- My Assessed Value is less than my Market Value due to the Save Our Homes reduction
- My Taxable Value (that taxes are calculated against) is $50,000 less than my Assessed Value for County taxes and $25,000 less than my Assessed Value for Public Schools taxes. |
Ah, thank you! I now see that my "Taxable Value" is $50,000 less than my current year "Market Value", which in turn is $25,000 less than my prior year "Market Value" due to the Homestead Exemption.