Homestead Exemptions

February 9, 2021

The homestead exemption is an easy way to save money on your property tax. Jo Ann Koontz, Jackie Durham (Koontz & Associates, PL) and Marina Parkin (Koontz & Parkin, CPAs) discuss common myths about the homestead exemption, properly claiming the exemption and important tax impact when you claim the homestead exemption on your primary residence.

1:04 Homestead tax exemption and creditor protection

4:00 Homestead exemption process

6:34 Losing the homestead exemption

14:30 Portability of homestead benefits

18:50 Homestead and quitclaim deed

20:45 Switching homestead from another state

24:00 Buying a property for a family member

27:38 Determining primary property multistate tax returns.

31:56 Application for homestead online vs in person

33:53 Why can't title company file homestead for client

35:13 Homestead for foreigners

37:20 When do you need to file for homestead exemption?

39:49 Can you establish homestead if you don't live in Florida for 183 days?

 


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