If Florida is your primary residence and you own or are buying a home, you can qualify for our Homestead Exemption discount. What is that? The discount can take the first $50,000 value of your home and make that portion property tax free. How much is that? It depends on your millage rate. But, it can save you $1,000 to $2,000 a year in property taxes. If you are paying a mortgage and the lender is paying your taxes, that could reduce your payment by $80 to $165 a month.
In addition to the Homestead Exemption discount, Florida offers another savings in the Save Our Homes program. This program works with the Homestead Exemption discount and limits the amount your property taxes can increas...