Patricia Real Estate

🏠 Florida Gov. Ron DeSantis unveiled a proposal aimed at reducing — and eventually eliminating — property taxes for many Florida homeowners, calling it a measure that could significantly impact residents across the state.⁠
⁠
If Florida voters approve House Joint Resolution (HJR) 1-F in November, the amount of your home's value that is exempt from certain property taxes would increase over the next two years.

✔️On Jan. 1, 2027, the homestead exemption would increase from the existing $50,000 to $150,000.
✔️One year later, in 2028, the homestead exemption would rise to $250,000.

For some homeowners, that could reduce non-school local property taxes to zero.

Residents who establish primary Florida residency on or before Dec. 31, 2026, would be eligible for the expanded exemption when it takes effect.

Planning a move to Florida? Don't wait past December 31, 2026.
Those who move to the state after that deadline would have to wait four years before qualifying for the full $250,000 exemption.

Contact me to learn more:
Patricia Noriega - Real Estate Broker Associate
(English - German - French - Portuguese - Spanish)
📨 [email protected]
📞 +1 305-205-5653 🇺🇸

______

Sales of previously owned homes rebounded more than expected in May, after mortgage rates pulled back slightly in April.

Existing home sales in May rose 3.2% from April to a seasonally adjusted, annualized rate of 4.17 million units, according to the National Association of Realtors. Sales were also up 3.2% from a year earlier, the strongest pace since December.

Source: CNBC

_______