View Single Post
Old 03-04-2021, 05:58 PM   #50
8gv
Senior Member
 
8gv's Avatar
 
Join Date: Jan 2012
Posts: 2,009
Thanks: 61
Thanked 701 Times in 455 Posts
Default

In FL they have a property tax mitigation program called "Save Our Homes".

If you own the property as your primary residence you can reduce the tax escalation to 2% a year.

The program allows continuance as the owner sells and buys another primary residence which has had its tax increases controlled in this manner.

If the property is sold to an owner who has not been eligible for the program continuance the taxes go to the current market level.

This helps people stay in their homes.

Here in NH, rising real estate values don't really help you until you sell.
8gv is offline   Reply With Quote