Monday, April 22, 2013
Does a foreign investor pay more property taxes in Florida?
Property tax for foreign nationals are exactly the same as property tax for US residents. Property tax in Florida is based on property value as assessed by the county. You can look up a property tax amount yourself by visiting the county Tax Appraisers office and looking at tax records.
However, US residents can claim homestead exemption on their primary residence which entitles them to a tax break. If a US resident purchased a second home as a vacation home, it wouldn't qualify as homestead exemption.
Most looking to invest in the short term zone in/around Disney and the Orlando area are looking for a secondary vacation home.