Florida's Homestead Exemption
 

Re: Florida's Homestead Exemption
 

George, The answer to your first question is, "Yes". Note to receive the 2007 exemption, you must have lived in your home Jan of 2007. We moved to The Villages Feb 2007 and will not receive the exemption. We have applied for the 2008 exemption. Have you heard of the Super Homestead Exemption that may go into effect next year, (if amendment passes)?
Here is the web site for sumter County Tax appraiser. http://www.sumterpa.com/


I do not know the answer to your 2nd question. Ther may be info on the web site.

Re: Florida's Homestead Exemption
 

Thanks Avista. The Sumter Ct Tax Assessor's web site is generally useful but I didn't find an answer to my question there.

Folks in Sumter County should be particularly interested in that Super-Homestead amendment which appears to be coming up in January. There's a tax calculator on the web site to help you decide whether the non-revocable election will work to your advantage. I didn't use it but if the amendment passes, everyone will have to do their own calculation to make a decision.

Re: Florida's Homestead Exemption
 

We live in Sumter and I will be 65 in July 2008. My husband is younger. Can I apply for the extended $25k as a co-owner??? I'll have to check out the folks at the county office this week and find out. I have a feeling the second $25k is based on income though. Will let you know when I find out. :dontknow:

Re: Florida's Homestead Exemption
 

If you go to the Sumter county Web site and read the analysis they use it assumes a 7% growth rate. What happens if the growth rate greatly exceeds that. There is no cap. Your taxes will sky rocket. I hope all the voters understand what could happen if it passes and you elect to take the super homestead exemption. And if it passes anyone purchasing a home would have to take it. It's a way for the county to increase there revenue at the homeowners expense. Just look at what the taxes are in upstate New York. 35-40 dollars per thousand is not uncommon. That's 7-8 thousand on a 200K house.