From Orange Co Property Appraiser www.ocpafl.org
New homeowners, be on the lookout for a packet from Orange Co Property Appraiser office approx four to six weeks after closing on the purchase of your home.
If you own your home, reside there permanently and are a Florida resident as of Jan 1, you may qualify for ‘homestead exemption’. Homestead can reduce the taxable value on your home as much as $50,000 - saving you approx $750 annually. Additionally, your assessed value used to calculate your property taxes cannot increase more than 3% annually after you are granted homestead exemption.
The deadline for applying for 2010 homestead exemption is 3/1/2010.
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