Florida has some very complicated property tax laws and many homeowners miss out on savings. We offer resources to Real Estate Professionals to help protect and educate their clients. Learn about the problems affecting Florida homeowners and the services we provide that help make your job easier while providing maximum value to your client.
It’s much more than just filing for Homestead and getting the Standard $50,000 exemption. Issues like low market value, high assessed value, and forgetting to file for portability can cost your clients up to $10,000 a year in additional property taxes. If their market value on the tax rolls is lower than the sales price then valuable portability savings they can transfer to their next home will be lost. If these problems are not fixed before closing your clients accrued savings can be wiped out permanently.
Market value errors must be fixed before closing! Did you know that the market value on the tax rolls is usually way lower than the actual market value of the property? This is a problem that robs the homeowner of valuable Portability that they can transfer to their next home in Florida. So Yes, you want to raise the market value on the tax rolls before closing, and no, doing so will not raise the tax bill. You pay taxes on the assessed value, not the market value. This is a common misunderstanding.
Low Market Value VS Portability
Sure there’s the $50,000 Standard Exemption. But did you know that there are actually dozens more? Did you know that all senior citizens with income under about $30k get another $50,000 exemption, and some senior citizens are completely exempt from having to pay property taxes. There are exemptions for disabled persons, veterans, active duty deployed service persons, homes damaged by named storms or catastrophes, surviving spouses of first responders and the list goes on!
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Just answer a few simple questions about yourself and your Homestead property and we will provide you with a Personalized Property Tax Analysis that will show you where and how to file everything needed with the taxing authorities, provide you with all needed forms, and will identify any issues that need to be addressed if you are already a homeowner. The report is color coded, easy to understand, and contains step-by-step directions.
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Big escrow adjustments are very upsetting to customers! Some homeowners find that their property tax payment is going to be far higher than they anticipated, leading to negative consequences. Others find that their property tax payment will actually go down from what was estimated. Now, with SmartEscrow™, it’s easy to just set up the escrow accounts properly from the beginning!
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Get the most accurate loan payment estimates possible by factoring in the complexities of Florida's property tax laws. Our Loan Payment Optimizer provides calculations using traditional methods as well as refined and optimized results that take property tax components like Homestead, county tax rates, and portability savings.
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Get access to our property tax specialists for FREE whenever you need to ask property tax or Homestead related questions. You can also use your RAC™ access to provide your clients with coupon codes that will save them $50 off a property tax consultation. You can also generate helpful documents branded with your logo and information like our Homestead Disclosure™.
Stay up to date with the latest Homestead and property tax related articles and stories. You can also find helpful tips and articles explaining Florida’s complicated Homestead Laws that walk you through the process for correcting issues.
