Does this lower my property taxes? If so, about how much? Any information is appreciated.
2007-03-02 00:59:55 · 3 answers · asked by Traci J 2 in Business & Finance ➔ Renting & Real Estate
In Texas, you must register your property as a homestead if it's your primary residence. This gets you a break on the property taxes for that property--I think it's 15%, but i'm not sure.
2007-03-02 03:12:25 · answer #1 · answered by lizzgeorge 4 · 0⤊ 0⤋
in Florida, when you live in the house, (it is your primary residence), you get 25,000 dollars off of your assessed tax value and they can only raise your taxes @about 1.5 %----I forgot the exact amount- if your home is not homesteaded, you are taxed on the full value of your home and your taxes go up as your property does, so if your property goes up 3 times the value, once you add on , fix it up , or due to the market, then your taxes would triple also.....but if you are in Florida that might change soon anyways, they are getting rid of home taxes possibly
2007-03-02 01:10:54 · answer #2 · answered by sevenout7 4 · 0⤊ 0⤋
ok on home steading, it mean you live on the properly, an dont need to pay a tax, but if you want to say bail a friend out of jail,, you cant,,
2007-03-02 01:06:45 · answer #3 · answered by ghostwalker077 6 · 0⤊ 0⤋