Florida Property Taxes and Exemptions Explained
The state government does not collect any property taxes, however, local governments receive much of their funding through these taxes. These rates are assessed at the local level and can vary by county, and they are based on the assessed value of the property. Property taxes in Florida are below the national average. There are several exemptions for primary residents that attribute to that which I will discuss at a later time.
The general millage rate in the non-city limit areas of St. Johns County is 15.8. The City of St. Augustine and Hastings are closer to 22. St. Augustine Beach is 18. There are probably 40+ different millage zones.
If a millage is 15.8, then you essentially multiply the home value by .0158 to get a base rate for your taxes.
What millage zone is a particular property in?
Well, the way I find out as a Realtor is by going to the tax collectors website and pull the record on the property in question. That will not only give you the zone but the total millage breakdown as well. It will also alert you if there is a Community Development District (CDD) on your taxes.
Property Tax Exemptions
Homestead Exemptions are available on primary residences in Florida. These exemptions can be available up to $50,000. However, only the first $25,000 of this exemption applies to all taxes. The remaining $25,000 only applies to non-school taxes.
Widow(er) Exemptions of $500 are available to widows and widowers who have not remarried. If you were divorced at the time of your ex-spouse's death, you do not qualify for this exemption.
Senior Citizen Exemptions are available in certain counties and cities only. They are valued up to $50,000 for residents 65 years old and older who have gross income below $20,000 in 2001 dollars, adjusted for inflation. This exemption is in addition to the Homestead Exemption.
Blind Person Exemptions of $500 are available to Floridians who are legally blind.
Total and Permanent Disability Exemptions are available for homeowners who have a total and permanent disability. Quadriplegics who use their property as a homestead are exempt from all property taxes. Others who must use a wheelchair for mobility or are legally blind and have a gross income below $14,500 in 1991 dollars, adjusted for inflation, can be exempt from all property taxes as well.
Veterans Exemptions exist in a number of different forms.
- A veteran documented as disabled by 10% or more in war or service-connected events can earn an additional exemption of $5,000 on any owned property.
- An honorably discharged veteran who is totally and permanently disabled or requires a wheelchair for mobility due to their service can be exempt from all property taxes. In some circumstances, this benefit can be transferred to a surviving spouse.
- An honorably discharged and disabled veteran who is 65 or older who was a Florida resident when they entered military service may be eligible for an additional exemption. The disability must be permanent and must have been acquired as a result of the military service. The property tax will be discounted based on the percent of the disability.
- Members of the military deployed during the last calendar year can receive exemptions based on the percent of time during the year they were deployed.
Why go it alone?
For a no obligation conversation about your personal real estate needs and an honest professional opinion, please give us a call.
If you are thinking of Buying or Selling or just have a few questions, call Augustina Realty today at 904-671-7160.
If you are thinking of selling or shopping new homes for sale in Saint Augustine, Saint Johns, Nocatee, Ponte Vedra and all Jacksonville surrounding areas, call your boutique services company, Augustina Realty today at 904-671-7160 to get started today! We are Nocatee certified and offer a convenient office location in World Golf Village. Visit http://www.AugustinaRealty.com to search the MLS like a realtor does or call us for a customized search today!
Saint Augustine Realtor, Stina Antonopoulos is an Award Winning Top Producer at Augustina Realty specializing in residential sales, rentals and property management in St. Augustine, Saint Johns, Nocatee, Ponte Vedra and all Jacksonville areas, call your boutique services company, Augustina Realty at 904-671-7160 to begin today!
FOR A COMPLETE MARKET ANALYSIS FORM: CLICK HERE (link to Free Market Analysis)