As a former CPA, I receive many questions about the tax advantages of living in Florida. In addition to having no state income tax, Florida offers further tax advantages to those establishing full-time residency in the state.
Before you purchase your first home in Florida there are a few important things you need to understand about Florida’s property tax system. Even if you have owned homes in other states, there are several unique aspects to Florida's property tax system related to the appraisal process, timing of billing, and other items.
One benefit many Florida homeowners enjoy is a property tax exemption for Homestead Property. The state has created a helpful overviews regarding how the the property tax system works, including Homestead Property.