PROPERTY TAX EXEMPTIONS:
Since Solivita is a 55+ Community, your property taxes are already substantially reduced, but in addition Florida offers several property tax exemptions that can help further reduce your tax bill and as full time residents you will be eligible for them all. They include a homestead exemption of up to $25,000 for an individual, or $50,000 for married taxpayers. Exemptions are also available for senior citizens over age 65 and the disabled.
In addition, veterans can qualify for four different types of exemptions, and widows and widowers are entitled to a $500 exemption provided they haven’t remarried and weren’t divorced at the time of the ex-spouse’s death. Homeowners who are legally blind are also entitled to a $500 exemption.
FLORIDA ESTATE AND INHERITANCE TAXES:
There are no “death taxes” in Florida, either on the value of an estate or on gifts received by beneficiaries. The Florida estate tax was repealed effective December 31, 2004 and it cannot be reinstated. The state’s constitution prohibits it.
Reduced property, estate and inheritance taxes are a prime reason that Florida is a good state for retirees as these reduced costs allow you to stretch your retirement savings and retirement income; while providing benefits for your heirs.
Lee and I were NJ residents and from experience can state that life in the Florida sunshine is not only a better life, but a good lifestyle, with a reduced cost of living. When we moved to Florida, we agreed to spend our disposable cash on fun, travel, food and life instead of high property taxes and state income taxes.
We have been selling real estate for quite a while and from experience can tell you that these TV shows do not match the realities of real estate. In TV land it appears that most buyers see three homes and purchase one. Yes, it is true, occasionally a buyer falls in love with the first home they see, but NAR (National Association of Realtors), Lee, and I beg to differ; as NAR states the average homebuyer personally tours 10 homes during their home search and we can attest to that statistic.
The fact is, most of the time, the homes TV buyers view are not even on the market as they have already been sold. Daily, our office fields multiple calls from potential buyers asking to see properties they have seen for sale on Zillow. Our office responds to each call and when we research the address, we find the home or property has already been sold and is no longer available. So, if you are searching for the home of your dreams call BVR, we are pros and will hook you up with listings that meet your criteria. We make it easy. We will send you listings with links to photos of homes and properties that match your desires. If you see a home that looks good to you; pick up the phone and call our office. We will arrange an appointment to show you the properties of interest and answer all questions and concerns you may have.
If you do not find any properties of interest; there is no reason to schedule an appointment. The gain for you, knowledge and the possibility of buying the home you have been dreaming of. While you look through the listings we send, you will not only see what is available, but the features you like, and the neighborhood qualities you prefer. The beauty of our ability to show you properties on the internet is simple. You can view properties in your own time in the comfort of your chair, while you gain experience in learning the drivers that influence property value. Our best clients are clients who know what they want in a home and understand the Central Florida real estate market. After all, buying a home is an important financial decision for you and your family.
It is fun to watch real estate TV and I enjoy it too, but the bottom line is you need an experienced professional on your side; someone who understands the market and ways to make the home of your dreams your reality. As Realtors we take great pride and pleasure in finding every one of our clients their perfect home. A Bella Verde Guarantee - we will work hard to make sure you get the best home for you at the best price possible.