As far as I know, having moved up here from SW FL, it DOES NOT expire after 5 years. I had mine for 23 years in SWFL. I DID just recently lose it for a year, since I moved here in April, and not the 1st of the year. They tell me it stays with the home (I sold) till 2014, then I will get it again. Also, my Save The Homes (cap of % tax increase) doesn't seem to have applied (yet) on the TRIM notice. I'm thinking that's because the home I sold had a higher value than what I bought here. That should kick in next year also. I'm a little miffed about this. The person we sold the old house to (we hold the mortgage) bought in a family members name that owns another property in our area, and 1 in NY, so they don't deserve the Homestead Exemption, yet I'm here for 24 years and I lose it?? Doesn't seem fair, but....
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