How Property Tax Exemptions Improve Affordability for Florida First-Time Homebuyers! скачать в хорошем качестве

How Property Tax Exemptions Improve Affordability for Florida First-Time Homebuyers!

https://usdaloanpro.com/florida-prope... How Property Tax Exemptions Improve Affordability for Florida First-Time Homebuyers! For first-time homebuyers in Florida, property taxes are more than just an annual bill—they directly impact monthly mortgage payments, loan qualification, and long-term affordability. This is especially true for buyers using USDA loans, where accurate housing expense calculations are critical for USDA loan approval. Understanding how Florida property tax exemptions work allows buyers and Realtors to better estimate costs, avoid surprises after closing, and protect affordability over time. In today’s short video, I will review Florida Property Tax Exemptions,  how property taxes in Florida are calculated, and walk through important deadlines. Florida Property Tax Exemptions Explained: Key Tips for First-Time Homebuyers. Understanding the Importance of Property Taxes for First-Time Homebuyers in Florida For USDA loans, which are designed to promote affordable homeownership, getting the tax estimate right is essential. Even modest differences in annual property taxes can affect qualification. Understanding Florida Property Taxes for First-Time Homebuyers Florida Property Tax Due Dates and Delinquency Rules Property taxes in Florida become payable on November 1 each year and can be paid through March 31 of the following year without penalty. These taxes fund essential community services, including schools, emergency response, and public infrastructure, making them a key part of supporting your local area as a new homeowner. Pursuant to Florida Statute 197.343, Real Estate Property Taxes become delinquent on April 1. Key Property Tax Exemption Details for Florida First-Time Homebuyers Florida Homestead Exemption Most Florida first-time homebuyers purchasing a primary residence are eligible to apply for the Florida Homestead Exemption which allows homeowners to save up to $50,000 on their taxable value  as follows: The first $25,000 of this exemption applies to all taxing authorities. The second $25,000 excludes School Board taxes and applies to properties with assessed values greater than $50,000. Save Our Homes (SOH) Cap The homestead exemption also actives the Save Our Homes assessment cap. This limits annual increases in the assessed value of homestead properties to the lower of: 3% per year, the annual percentage change in the Consumer Price Index (CPI). Florida Homestead Exemption Portability allows homeowners to transfer, or "port," some or all of their homestead exemption savings from a previous property to a new one within the state. This portability can be applied when buying a new home, helping to maintain savings and keep property taxes more affordable. Other Florida property tax exemptions are also available such as those for veterans, seniors, widows and widowers, and persons with disabilities. Remember to check with your local property appraiser’s office to see what you qualify for. Understanding Florida property taxes helps first-time homebuyers plan responsibly, avoid surprises, and take advantage of available exemptions. For additional details, the Florida Department of Revenue provides comprehensive property tax guidance. As an FHA, VA, and USDA-approved lender, Metroplex Mortgage Services walks buyers through the loan qualifying process step-by-step. When you work with Metroplex Mortgage Services, you benefit from: Metroplex Mortgage Services is the #1 Ranked USDA Lender in Florida, officially recognized by USDA Rural Development for 2017, 2023, 2024, and 2025. We specialize in helping Florida first-time homebuyers and Realtors navigate USDA financing with clarity and confidence. When you work with Metroplex Mortgage Services, you benefit from: #1 USDA Lender in Florida — Proven experience and consistent top rankings with USDA Rural Development USDA In-house underwriting We are a direct USDA-approved lender, not a third-party middleman Fast USDA Loan approvals and smoother closings — Especially important for contract timelines and Realtor confidence If you have questions about Florida property tax estimates, Homestead exemptions, or USDA loan eligibility, our team is here to help. Just call, text, or email to discuss your scenario and let us show you the “Metroplex” difference! 📞 Call/Text: (863) 593-2001 🏢 Office: 800-806-9836 Ext. 280 📧 Email: [email protected] http://www.USDALoanPro.com Download our FREE USDA Blueprint for Success! http://www.usdaloanpro.com/blue-print... GET MORE INSIGHTS More ProTips from USDA Loan Pro: Subscribe on YouTube:  http://www.youtube.com/subscription_c... Website:  http://www.usdaloanpro.com Facebook:    / metroplexmortgage   Twitter:    / usdaloanpro