Florida Tax Updates: Key Homestead Changes Homeowners Need to Know

In this video, I’ll break down the crucial 2024 legislative updates that every Florida homeowner should be aware of, including Constitutional Amendment 5. This proposed amendment could help protect you from rising property taxes by adjusting the homestead exemption for inflation starting in 2025. I’ll also discuss the newly passed Live Local Act, which provides property tax exemptions for affordable housing, and the extended tax relief for first responders and veterans.

If you’re a homeowner in Florida, make sure you vote YES on Amendment 5 this November to ensure you benefit from these new property tax rules!

Key points covered:
• What Amendment 5 means for your homestead exemption.
• New property tax exemptions for affordable housing developments.
• Extended tax exemptions for first responders and veterans.

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If you have any questions or want more information, feel free to drop a comment below or contact me directly.

This channel is for me to serve those who have served and continue to serve, by providing them with the tools and knowledge necessary to purchase or sell their homes in South Florida.

I am also on a quest to showcase Doral. Doral is a city within a city, and it prides itself with being a vibrant place to live in Miami. You can live, work, invest, lean and play without ever having to live Doral.

I will also keep you inform of the market trends nationally and locally, as well as, showing you how Doral living is really like. Doral is 15 minutes from Miami international Airport, 30 minutes from Downtown Miami, the beach or anywhere in the city. It has easy access to major roads and freeways making it the perfect community to call home.

I hope to ease your buying and selling experience by providing excellent customer service. My promise to you is transparency.

00:00 Intro
00:55 Amendment 5 Overview
01:56 Local Act for Affordable Housing
02:51 Extended Tax Exceptions for First Responders and Veterans
03:46 Outro

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👋 Betty Gonzalez, Lic# 3478678
🏆 Brokered by: eXp Realty LLC, Lic# CQ10377043

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Disclosures
📝 Florida Brokerage Disclosure: www.floridarealtors.org/law-ethics/library/brokera…
📝 Florida Brokerage Disclosure Law: m.flsenate.gov/Statutes/475.278
😀 Info provided is opinion and for entertainment purposes.
💰 Links shared may be affiliate links to products or services. We may receive a commission, discount or benefit for purchases made through these links.

🔎 Sources
Niche, Wikipedia, TravelTime, Census, Real Estate Commission
😀 Info provided is opinion and for entertainment purposes.
💰 Links shared may be affiliate links to products or services. We may receive a commission, discount or benefit for purchases made through these links.

Florida Tax Updates: Key Homestead Changes Homeowners Need to Know
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