Help your client get the most out of Florida's Homestead Laws
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.
A Low Market Value can rob your client of their Portability Savings
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 brfore 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
Does your client qualify for any special Homestead Exemptions?
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 servicepersons, homes damaged by named storms or catastrophes, surviving spouses of first responders and the list goes on!
Help protect both buyers and sellers with a comprehensive property tax analysis. Identify harmful tax issues like low market value, high assessed value, and missed portability. Ensure that your client files for Homestead, Portability, and any of the exemptions they are eligible for.
Start a Property Tax Analysis
Enter some basic information about the property that your client is buying or selling and their email address. Our advanced algorithms will analyse their property tax situation using our proprietary databases and the county tax rolls to identify issues and opportunities for property tax savings. A "limited" report will be sent to you and your client via email.
Your Client Completes Part 2
When your client receives their limited report they will be asked to enter some additional information to complete part 2. The questions in part 2 will allow us to identify missed portability from former Homestead properties. Using your client's information from part 2 we will also identify any special exemptions that they are eligible for.
Receive Homestead Check™ Report
You and your client will get the Homestead Check™ Report. It will identify any errors with their homes taxable value, the amount of portability savings they have available, if they forgot to file for portability from a previous home, whether Homestead is active on the tax rolls, and if they qualify for one or more of the dozens of exemptions. It will also provide step by step instructions on how to file for Homestead and fix any issues identified.
We Provide Support For Your Client
Your client's Homestead Check™ includes a 30-minute one-on-one consultation with one of our Florida property tax specialists. They will walk them through their report and help them understand any issues identified and the process for fixing them. If you customer has any questions they can simply call SUN-TAX-SAVE and follow the prompts to get started.
Help protect both buyers and sellers with a comprehensive property tax analysis. Ensure that your client files for Homestead, Portability, and any of the exemptions they are eligible for.
Tools And Services For Real Estate Professionals
Property Tax Analysis
Educate your client about Homestead while simultaneously helping them get the most out of Florida's homestead laws with a Homestead Check™ report.
Loan Payment Optimizer
Calculate your clients monthly payment amount using traditional methods as well as refined and optimized methods factoring in Florida's Homestead laws.
Realtor Assistance Center™
Get access to our tax specialists for FREE whenever you need to ask property tax related questions. You can also generate coupon codes for your clients.