Florida residents luck out in the tax department. Recently, we mentioned that Florida rescinded virtually all of the Florida intangibles tax. That’s great news for people interested in retiring in sunny Florida. The bulk of Florida’s low tax burden though? Florida doesn’t tax income. Florida’s one of seven states in the U.S. that lacks an […]
Did you know that no Florida estate tax is due if the person died on or after January 1, 2005? Seriously. For estates of Decedents who died on or after January 1, 2005, a federal change eliminated the Florida estate tax. To prove evidence of no liability for Florida estate tax and remove the estate tax lien, […]
In 1980, Florida lawmakers passed the Truth in Millage (TRIM) Act. The point of is? To inform taxpayers which governmental entity levied their taxes and how much they owe to each taxing authority. So, in Florida, the local property appraisers send this information to the property owner. This documentation is known as a TRIM notice. […]
Did you know that the State of Florida’s Property Tax Oversight (PTO) program maintains records of all local government tax levies? Indeed, it includes access to public tax roll data and reports related to property taxes in the whole state. It publishes the Florida Ad Valorem Valuation and Tax Data Book twice each year. Are you […]
If you’ve filed a petition to the Value Adjustment Board over property taxes or related issues, you must give the county’s appraiser a list, summary and documentation of all the evidence you intend to present at your hearing. The appraiser has evidence too, of course. So, if you want a copy of that evidence, just […]
If you’re interested in filing a petition to the county’s Value Adjustment Board, make sure you’re aware of pertinent deadlines. If you miss your filing deadline, you’ll need to contact the county clerk for late filing. Make sure the petition is filled out completely. The clerk will send a copy of your petition to the […]
As a homeowner, you could be entitled to a number of tax deductions that renters don’t qualify for—but you may not even know what they are. In this three-part series, we’ll explore the most common (and not-so-common) homeowner tax deductions available. This isn’t tax advice. We’re not tax professionals; we’re Realtors®. If you have questions […]
If you’re one of the 24 percent of Americans who do some—or all—of your work from home, you could be eligible to claim your office space as a tax write-off. Remember, this isn’t tax advice; we’re Realtors®, not tax professionals. If you have questions bout your specific tax situation, you should talk to a qualified […]
If you made “green” improvements to your home last year, you could be in line for some decent tax breaks from the federal government. Please note that this isn’t tax advice; we’re Realtors®, not tax professionals. If you have questions about whether you qualify for green energy tax breaks or any other questions relating to […]
If you’re a homeowner, you could be eligible for huge tax savings when you file. While we are tax professionals, we do know that the IRS offers tax breaks to people who buy and own homes throughout the fiscal year. (We recommend that you speak with a licensed tax professional if you’re buying a home […]
