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Property Tax Homestead Exemption - Florida
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Rick
Jul 26, 2016, 2:15:34 AM7/26/16
to
This question is about the Florida Homestead Exemption. My son has a
homestead exemption on his house in Orange County which he has owned for
several years. Earlier this year (2016), he purchased a new house in the
same county and moved out of the old house and into the new house on May 12,
2016. He has now put the old house up for sale but hasn't sold it yet. No
one is currently living in the old house. He has applied to transfer his
homestead exemption from the old house to the new, but we are confused about
how the sale of the old house will affect this.
Specifically, if his old house sells in calendar year 2016, is it correct
that he will receive the homestead exemption on the old house in 2016 and it
will be transferred to the new house for 2017?
If that is the case, what happens if the old house does not sell until, say,
January 2017? I assume he will have the exemption on his old house for
2016, but what happens for tax year 2017? Does he receive the exemption for
the old house for the one month he will own it in 2017 and does he then get
it for the other 11 months for the new house? Or does he get it for the one
month he owns the old house in 2017 and then not receive it all for the rest
of 2017.
If the latter is the case, can he somehow remove the exemption from the old
house while he still owns it and then transfer it to the new house for the
rest of 2017?
--
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homestead exemption on his house in Orange County which he has owned for
several years. Earlier this year (2016), he purchased a new house in the
same county and moved out of the old house and into the new house on May 12,
2016. He has now put the old house up for sale but hasn't sold it yet. No
one is currently living in the old house. He has applied to transfer his
homestead exemption from the old house to the new, but we are confused about
how the sale of the old house will affect this.
Specifically, if his old house sells in calendar year 2016, is it correct
that he will receive the homestead exemption on the old house in 2016 and it
will be transferred to the new house for 2017?
If that is the case, what happens if the old house does not sell until, say,
January 2017? I assume he will have the exemption on his old house for
2016, but what happens for tax year 2017? Does he receive the exemption for
the old house for the one month he will own it in 2017 and does he then get
it for the other 11 months for the new house? Or does he get it for the one
month he owns the old house in 2017 and then not receive it all for the rest
of 2017.
If the latter is the case, can he somehow remove the exemption from the old
house while he still owns it and then transfer it to the new house for the
rest of 2017?
--
<< ------------------------------------------------------- >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2011) - All rights reserved. >>
<< ------------------------------------------------------- >>
paultry
Jul 26, 2016, 1:16:03 PM7/26/16
to
On 7/26/2016 00:37, Rick wrote:
> This question is about the Florida Homestead Exemption. My
> son has a homestead exemption on his house in Orange County
https://www.ocpafl.org/exemptions/HX_FAQ.aspx
> This question is about the Florida Homestead Exemption. My
> son has a homestead exemption on his house in Orange County
Stuart Bronstein
Jul 26, 2016, 4:16:06 PM7/26/16
to
paultry <afn02...@afn.org> wrote:
> On 7/26/2016 00:37, Rick wrote:
>> This question is about the Florida Homestead Exemption. My
>> son has a homestead exemption on his house in Orange County
>
>
> https://www.ocpafl.org/exemptions/HX_FAQ.aspx
OP talks about a homestead exemption, but I suspect he really means the
> On 7/26/2016 00:37, Rick wrote:
>> This question is about the Florida Homestead Exemption. My
>> son has a homestead exemption on his house in Orange County
>
>
> https://www.ocpafl.org/exemptions/HX_FAQ.aspx
income tax exemption for the same of a primary residence, which is a
completely different thing.
--
Stu
http://DownToEarthLawyer.com
https://www.etsy.com/shop/studiobethdesigns
Arthur Rubin
Aug 1, 2016, 2:23:04 AM8/1/16
to
On Monday, July 25, 2016 at 11:15:34 PM UTC-7, Rick wrote:
> This question is about the Florida Homestead Exemption. My son has a
> homestead exemption on his house in Orange County which he has owned for
> several years. Earlier this year (2016), he purchased a new house in the
> same county and moved out of the old house and into the new house on May 12,
> 2016. He has now put the old house up for sale but hasn't sold it yet. No
> one is currently living in the old house. He has applied to transfer his
> homestead exemption from the old house to the new, but we are confused about
> how the sale of the old house will affect this.
>
> Specifically, if his old house sells in calendar year 2016, is it correct
> that he will receive the homestead exemption on the old house in 2016 and it
> will be transferred to the new house for 2017?
>
> If that is the case, what happens if the old house does not sell until, say,
> January 2017? I assume he will have the exemption on his old house for
> 2016, but what happens for tax year 2017? Does he receive the exemption for
> the old house for the one month he will own it in 2017 and does he then get
> it for the other 11 months for the new house? Or does he get it for the one
> month he owns the old house in 2017 and then not receive it all for the rest
> of 2017.
Sorry, I'm not sure how much to trim.....
> This question is about the Florida Homestead Exemption. My son has a
> homestead exemption on his house in Orange County which he has owned for
> several years. Earlier this year (2016), he purchased a new house in the
> same county and moved out of the old house and into the new house on May 12,
> 2016. He has now put the old house up for sale but hasn't sold it yet. No
> one is currently living in the old house. He has applied to transfer his
> homestead exemption from the old house to the new, but we are confused about
> how the sale of the old house will affect this.
>
> Specifically, if his old house sells in calendar year 2016, is it correct
> that he will receive the homestead exemption on the old house in 2016 and it
> will be transferred to the new house for 2017?
>
> If that is the case, what happens if the old house does not sell until, say,
> January 2017? I assume he will have the exemption on his old house for
> 2016, but what happens for tax year 2017? Does he receive the exemption for
> the old house for the one month he will own it in 2017 and does he then get
> it for the other 11 months for the new house? Or does he get it for the one
> month he owns the old house in 2017 and then not receive it all for the rest
> of 2017.
I haven't checked the Orange County site, but Broward and Sarasota counties state that, when you apply for the exemption on the new property, you have to declare your previous residence and that you've cancelled the exemption.
--
Arthur Rubin (and I thought California property taxes were weird)
Brea, CA
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