A multi-million dollar, top producer within Central Florida and La Rosa Realty. I treat every sale as if it were my own, making the buyer or seller feel as though they are the only client. I attribute my success to the fact, I love what I do and the feeling of helping someone buy or sell a home with ease and making new friends along the way! I'm thankful for the and recommendations and referrals from so many buyers and sellers, many of which I've worked with for many years and transactions! :)
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.
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