CaptJohn
06-16-2012, 02:54 PM
I'm posting this link for socrafty that had a question in Ask the Expert. Although I have 40 years real estate experience and a Paralegal Certificate, the Admin sticky says only the 'expert' can post there and to post elsewhere, which is what I'm doing to try and help socrafty since the lawyers are all on the golf course during weekends.
Anyone else may click on the link too! :laugh:
Florida Dept. of Revenue
FL Dept Rev - Property Tax Exemptions and Discounts (http://dor.myflorida.com/dor/property/taxpayers/exemptions.html)
click on the first link: Individual and Family Exemptions:
Homesteads, up to $50,000.
Edit: Also found the law in question:
Statutes & Constitution :View Statutes : Online Sunshine (http://www.leg.state.fl.us/statutes/index.cfm?mode=View%20Statutes&SubMenu=1&App_mode=Display_Statute&Search_String=196.031&URL=0100-0199/0196/Sections/0196.031.html)
This part should address socrafty's question:
Such title may be held by the entireties, jointly, or in common with others, and the exemption may be apportioned among such of the owners as shall reside thereon, as their respective interests shall appear. If only one of the owners of an estate held by the entireties or held jointly with the right of survivorship resides on the property, that owner is allowed an exemption of up to the assessed valuation of $25,000 on the residence and contiguous real property. However, no such exemption of more than $25,000 is allowed to any one person or on any one dwelling house, except that an exemption up to the assessed valuation of $25,000 may be allowed on each apartment or mobile home occupied by a tenant-stockholder or member of a cooperative corporation and on each condominium parcel occupied by its owner. Except for owners of an estate held by the entireties or held jointly with the right of survivorship, the amount of the exemption may not exceed the proportionate assessed valuation of all owners who reside on the property. Before such exemption may be granted, the deed or instrument shall be recorded in the official records of the county in which the property is located. The property appraiser may request the applicant to provide additional ownership documents to establish title.
Anyone else may click on the link too! :laugh:
Florida Dept. of Revenue
FL Dept Rev - Property Tax Exemptions and Discounts (http://dor.myflorida.com/dor/property/taxpayers/exemptions.html)
click on the first link: Individual and Family Exemptions:
Homesteads, up to $50,000.
Edit: Also found the law in question:
Statutes & Constitution :View Statutes : Online Sunshine (http://www.leg.state.fl.us/statutes/index.cfm?mode=View%20Statutes&SubMenu=1&App_mode=Display_Statute&Search_String=196.031&URL=0100-0199/0196/Sections/0196.031.html)
This part should address socrafty's question:
Such title may be held by the entireties, jointly, or in common with others, and the exemption may be apportioned among such of the owners as shall reside thereon, as their respective interests shall appear. If only one of the owners of an estate held by the entireties or held jointly with the right of survivorship resides on the property, that owner is allowed an exemption of up to the assessed valuation of $25,000 on the residence and contiguous real property. However, no such exemption of more than $25,000 is allowed to any one person or on any one dwelling house, except that an exemption up to the assessed valuation of $25,000 may be allowed on each apartment or mobile home occupied by a tenant-stockholder or member of a cooperative corporation and on each condominium parcel occupied by its owner. Except for owners of an estate held by the entireties or held jointly with the right of survivorship, the amount of the exemption may not exceed the proportionate assessed valuation of all owners who reside on the property. Before such exemption may be granted, the deed or instrument shall be recorded in the official records of the county in which the property is located. The property appraiser may request the applicant to provide additional ownership documents to establish title.