Twice this week we received the same question, one from a new sales associate and the other a very experienced one, “How much more will my customer pay in taxes if they don’t claim homestead exemption in time?”
If you have a few entering arguments, you can give someone a fairly close estimate. Many factors can change year to year – but that shouldn’t stop someone from being able to give them a ballpark figure and to outline how it works.
Using a 2013 Duval County tax bill, in the attached Title Tip, we outline how it would work for a $100,000 property. The nominal savings is a figure that should get everyone’s attention, $921.24.
If you’d like to see how we got that figure, click here.
My Agent Greg 