FL property tax exemption question

[DJ_Critterus]

I can't get a hold of the property appraiser's office to answer some questions about property tx exemptions for 100% disabled vets.

Here's what I have off of their site
https://ccpao.com/real-property/#Veteran

My question is this: When does it take effect? I have a closing date on my house for the end of this month and I'm wondering if this can take effect at closing or do I have to wait until the first of the year?

What says you FL peeps who know more than me about real estate and taxes?

[Rob]

LATB to the courtesy phone

[DJ_Critterus]

Onebadcad I'm still hearing a few different things the same as last time we talked :lol:

[Bill]

I can't get a hold of the property appraiser's office to answer some questions about property tx exemptions for 100% disabled vets.

Here's what I have off of their site
https://ccpao.com/real-property/#Veteran

My question is this: When does it take effect? I have a closing date on my house for the end of this month and I'm wondering if this can take effect at closing or do I have to wait until the first of the year?

What says you FL peeps who know more than me about real estate and taxes?


https://floridarevenue.com/property/pages/taxpayers_exemptions.aspx


Property Tax Exemptions and Additional Benefits

​Property owners in Florida may be eligible for exemptions and additional benefits that can reduce their property tax liability. The homestead exemption and Save Our Homes assessment limitation help thousands of Florida homeowners save money on their property taxes every year. Further benefits are available to property owners with disabilities, senior citizens, veterans and active duty military service members, disabled first responders, and properties with specialized uses. The resources below provide general information on these exemptions and benefits.



Submit all applications and documentation to the property appraiser in the county where the property is located. For local information, contact your county property appraiser. The property appraiser determines if a parcel is entitled to an exemption.




https://floridarevenue.com/property/Documents/pt109.pdf


Filing and Keeping Your Homestead Exemption
When a person serving in the Armed Forces owns and uses property as a homestead, the servicemember may rent
the homestead property without abandoning the claim to the homestead exemption (see section 196.061, Florida
Statutes).
A servicemember’s next of kin or any other person who has written authorization may file a homestead exemption
claim on behalf of a servicemember who cannot file in person because of a service obligation (see s. 196.071, F.S.).
Property Tax Exemptions and
Discounts
Eligibility for property tax exemptions depends on
satisfying certain requirements.
Information is available from the
property appraiser’s office in the county
where the veteran or surviving spouse
owns a homestead or other property.
• An ex-servicemember who was
honorably discharged, is a resident
of Florida, and who is disabled to a
degree of 10% or more because of
misfortune or while serving during
wartime may be entitled to a $5,000
reduction in his or her property’s
assessed value. This exemption is
not limited to homestead property. Under certain
circumstances, the veteran’s surviving spouse
may be entitled to carry over the exemption. See
Form DR-501. (see s. 196.24, F.S.)
• Veterans who are Florida residents and were
honorably discharged with a service-related total
and permanent disability may be eligible for a
total exemption from ad valorem taxes on
property they own and use as their homesteads.
A similar exemption is available to disabled
veterans confined to wheelchairs. Under certain
circumstances, the veteran’s surviving spouse
may be entitled to carry over the exemption. See
Form DR-501. (see ss. 196.081 and 196.091,
F.S.)
• If they meet certain requirements, veterans 65 or
older who are partially or totally permanently
disabled may receive a discount on the assessed
value of property that they own and use as
homesteads. This discount carries over to the
veteran’s surviving spouse if the spouse holds the
legal or beneficial title to the homestead,
permanently resides there and has not remarried.
The discount is a percentage equal to the
percentage of the veteran’s permanent, service-
connected disability as determined by the United
States Department of Veteran’s Affairs.

Link to form DR-501:

https://floridarevenue.com/property/Documents/dr501.pdf


Looks like you fill out the form, bring it to the county appraiser's office, along with supporting documentation, although, the way I read it, you missed the March deadline to have this filed and count for 2023, meaning, you may owe taxes for the partial year. I don't know. Fill out a homestead exemption, too, if that will give you a little relief this year before the DV exemption kicks in. Ask in person about what you should do to minimize your upcoming property tax liability

[Onebadcad]

Such as, you can PM, email or call me, I will give you clarity.

A few things:
1) As a disabled veteran, you are eligible for some or all exemptions on property tax
2) I do not know the specifics, all FL counties are the same
3) I 'believe', and I may be wrong, all 100% disabled combat veterans get 100% exemption for Ad Valorem portion of property tax bill, but I 'believe' you do not get any exemption from the Non-Ad Valorem tax items
4) Also, your mortgage company, at closing, will probably not waive the Initial Escrow Deposit Portion for Property Taxes (this is three months of taxes collected from you at closing) unless you provide a letter from the county stating such--which also means your monthly payments will include an amount based on the 2022 Property Tax Bill
5) With that said, if you believe you will get a 100% exemption, get the letter, allows you to bring less monies to closing
6) If you will not get full exemption, your county may not discount the 2023 Property Tax Bill by the allowable exemptions, as most counties only do so if your closing is before March 1st
7) With that said, tell them to eat a bag of dicks, and tell them you need the lower tax bill so you and dylan can enjoy some BLs

Call me if you need me

[LATB]

LATB to the courtesy phone

My question is this: When does it take effect? I have a closing date on my house for the end of this month and I'm wondering if this can take effect at closing or do I have to wait until the first of the year?



You file between January 1st and March 1st. You must live in the home on January 1st to file for that year. In other words, you obviously could not file after your closing because you didn’t live in the home January 1st, 2023.

Further (to clarify) if you closed on January 2nd, 2024 you technically could not file until January 1st -March 1st 2025.

[DJ_Critterus]

[url]


Looks like you fill out the form, bring it to the county appraiser's office, along with supporting documentation, although, the way I read it, you missed the March deadline to have this filed and count for 2023, meaning, you may owe taxes for the partial year. I don't know. Fill out a homestead exemption, too, if that will give you a little relief this year before the DV exemption kicks in. Ask in person about what you should do to minimize your upcoming property tax liability

I found everything above this, but there's no real info out there that I can find about if the exemption would kick in at the first of the year since I am just now purchasing the property.

Guess I get to go to Green Cove Springs tomorrow and ask in person.

:cheers:

[Torqaholic]

thousands of Florida homeowners save money on their property taxes every year

That doesn't sound very enticing.

[Bill]

I found everything above this, but there's no real info out there that I can find about if the exemption would kick in at the first of the year since I am just now purchasing the property.

Guess I get to go to Green Cove Springs tomorrow and ask in person.

:cheers:

That's your best course of action. LATB seems to confirm your DV exemption won't kick in until NEXT year, which is the way I read it, since you missed the March deadline. I didn't read closely about the homestead and other exemptions you might also qualify for. Ask if any of that can help you for 2023, and if so, fill out the applications for that stuff, too. And see if you can get an appointment with someone there that's more....seasoned. You might get bad advice from a new hire who doesn't really understand the laws.

If it was me, I'd scan the list of exemptions I gave the link to, and fill ALL of them out that might remotely apply to you. Fill 'em all out, let God the tax assessor sort it out.

And finally, don't leave without a clear understanding of what you should be entitled to, assuming your applications are accepted. Follow up if need be to make sure your applications haven't been disqualified for missing information, or some other technical issue. This may require a few in person visits. For the amount of money you're looking at over the rest of your life, or however long you own that home, a few hours over a few days is worth it, to handle all this in person.

[DJ_Critterus]

That's your best course of action. LATB seems to confirm your DV exemption won't kick in until NEXT year, which is the way I read it, since you missed the March deadline. I didn't read closely about the homestead and other exemptions you might also qualify for. Ask if any of that can help you for 2023, and if so, fill out the applications for that stuff, too. And see if you can get an appointment with someone there that's more....seasoned. You might get bad advice from a new hire who doesn't really understand the laws.

If it was me, I'd scan the list of exemptions I gave the link to, and fill ALL of them out that might remotely apply to you. Fill 'em all out, let God the tax assessor sort it out.

And finally, don't leave without a clear understanding of what you should be entitled to, assuming your applications are accepted. Follow up if need be to make sure your applications haven't been disqualified for missing information, or some other technical issue. This may require a few in person visits. For the amount of money you're looking at over the rest of your life, or however long you own that home, a few hours over a few days is worth it, to handle all this in person.
I'm off on Fridays for the rest of the summer (36 hour work week for summer hours...paid for 40) so it works out giving me the time I need to go there in person so I can hurry up and wait :lol:

[VITE1]

While property taxes are typically determined as of January 1st, a veteran with a service-connected total and permanent disability who buys a property between January 1st and November 1st may be able to request a prorated refund of ad valorem taxes to reflect this exemption.

Otherwise, you generally need to apply for property taxes by March 1st for the upcoming tax year.

https://forst.tax/florida-disabled-veteran-property-tax-exemption/