Author: Benjamin Boyhan

When a homeowner dies, homesteaded property will maintain the homestead exemption during the year the homeowner died. However, the property will not receive the homestead exemption in the year after the homeowner’s death. There are only two exceptions where the homestead exemption that existed at the homeowner’s death can continue to be maintained after the…

If the owner of a Florida homestead dies leaving behind a spouse or minor children, the spouse or minor children automatically inherit the deceased’s homestead property even if there is a will, trust, or other estate planning document indicating otherwise. The following is a detailed list of who inherits homestead property when the owner dies…

If you sell your Florida homestead and buy a new homestead, you cannot transfer the homestead exemption, but you can transfer the Save Our Homes assessment limitation. Save Our Homes is one of the benefits that comes with homesteading property in Florida. It limits the assessed value of your home to at most 3% per…

It is not uncommon for a buyer of real estate to be caught off guard by property taxes in the year after the buyer buys their Florida home. The reason is because property taxes are paid at the end of the year in Florida making the property tax bill unknown for most of the year…

If you homestead your property, but you also rent it out, then you may lose your property’s homestead status on the part of the property you are renting if the property appraiser finds out that part of the homestead is rented. And if you rent the entire homestead property or a substantial portion of the…

Homestead offers some good benefits in Florida. The most significant benefits are tax benefits and creditor protections. With regard to tax benefits, up to $50,000 worth of a property’s taxable value can be exempt from property tax calculations (about $700 or so off your annual property tax bill) and the annual increases of ad valorem…