Do I Pay Ad Valorem Tax in Florida?

Yes, if you own property in Florida, you are generally required to pay ad valorem taxes. In Florida, ad valorem taxes are property taxes based on the assessed value of real estate and certain types of personal property. These taxes are levied by local governments—such as counties, municipalities, school districts, and special taxing districts—to fund … Read more

Does Florida Have Appliance Sales Tax?

Yes, Florida imposes sales tax on the sale of appliances. Appliances are considered tangible personal property and are subject to Florida’s state sales tax rate of 6%, plus any applicable discretionary sales surtax imposed by counties. Detailed Explanation 1. Sales Tax on Tangible Personal Property 2. State Sales Tax Rate 3. Discretionary Sales Surtax (Local … Read more

What is the property tax exemption for individuals over 65 in Florida?

In Florida, homeowners aged 65 and older may be eligible for additional property tax exemptions beyond the standard homestead exemption. These senior-specific exemptions aim to reduce the property tax burden for elderly residents, particularly those with limited incomes. 1. Additional Homestead Exemption for Low-Income Seniors: 2. Long-Term Resident Senior Exemption: Application Process: Important Considerations: By … Read more