Dillon Cook
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Dillon Cook

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How FL Homestead Exemption Saves You Money Over Time!

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00:00

and I'll tell you because when you buy a property as an investor your taxes get reassessed every single year basically like...

00:17

that does for you is it it shaves off 25% of the um uh property taxes essentially so you're reducing your property...

00:42

um you're going to get a partial increase every year and so that partial increase ends up like compounding itself

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Enjoy the videos and music you love, upload original content, and share it all with friends, family, and the world on YouTube.

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  • 00:00 and I'll tell you because when you buy a property as an investor your taxes get reassessed every single year basically like…
  • 00:17 that does for you is it it shaves off 25% of the um uh property taxes essentially so you're reducing your property…
  • 00:42 um you're going to get a partial increase every year and so that partial increase ends up like compounding itself

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Source: YouTube captions (EN).

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[00:00] and I'll tell you because when you buy a property as an investor your taxes get reassessed every single year basically like the full you get a full increase every single year um when it's a commercial rental property or investment property uh when it's a primary and you have the homestead exe exemption what

[00:17] that does for you is it it shaves off 25% of the um uh property taxes essentially so you're reducing your property taxes by 25% but also you're not going to get the full increase every single year so if you've owned this property for you know like 10 30 years even in this case like eight nine years

[00:42] um you're going to get a partial increase every year and so that partial increase ends up like compounding itself

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Related Questions

Questions this video helps answer

How do I buy and sell at the same time?

It is a juggling act, but it is doable with the right plan. The key is timing your sale and purchase so you are not stuck paying two mortgages or left without a place to live.

Sometimes that means listing your current home first with a flexible closing date. Other times it means making the purchase contingent on selling your current home. There are also options like rent-backs, short-term rentals, or using equity to bridge the gap. I walk clients through each scenario and the numbers behind it.

How far in advance should I plan if I am relocating to Tampa Bay?

Ideally, start planning three to six months in advance. That gives you time to research neighborhoods, get pre-approved for financing, schedule home tours, and arrange moving logistics.

If you are selling a home in another state, I can coordinate with your local agent so the timing is more controlled and you are not stuck in limbo between closings.

How long does it usually take to close in Tampa Bay?

Most closings in the Tampa Bay area take 30 to 45 days from contract to keys in hand. Cash deals can close in under two weeks, while VA, FHA, and conventional loans often take closer to 45 days.

The biggest factors affecting the timeline are financing, inspections, repairs when necessary, and appraisal. I help keep the process moving by coordinating directly with lenders, inspectors, and title companies.

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