If you are first time buyer or new to Florida, you have probably heard of Homestead. Homestead tax exemption is the most common exemption applied for and granted in Santa Rosa County. If you own property that you use as your primary residence as of January 1, you may apply for the Homestead tax exemption. This will reduce the taxable value on your home up to $50,000 on your county assessment, resulting in substantial savings on your property taxes. A person may have only one permanent residence at a time. For more information visit https://www.srcpa.org/Exemptions/
Posted in: FAQ for Buyers