Question

A homestead exemption in Florida is available to those who qualify and file documents making the Florida home a primary residence. The base homestead exemption is:

Answer 1

Answer:

$50,000

Explanation:

According to the Statue of the State of Florida, and the Florida's Constitution, the first $50,000 of a property value are exempt from taxation. In fact, if a house in Florida is valued at $100,000, according to Florida law, it can be valued at $50,000 as well, and would be exempt from taxation.

Answer 2

Answer: $25,000

Explanation:

according to the state of Florida the base homestead exemption is $25,000. There is an additional $25,000 available for qualified property owners, however this does not apply to school taxes.