Thursday, November 7, 2024

Attention, Retirees: Florida’s Property Tax Break Just Got a COLA

Home in Florida
Mark Winfrey / Shutterstock.com

Retirees have flocked to Florida for many generations. Now, it has become an even more attractive place to spend your golden years. In the Nov. 5 election, Florida voters passed Amendment No. 5, which adds an inflation adjustment to the Sunshine State’s existing homestead exemption, a property tax break for primary homes. The change takes effect Jan. 1, 2025. Currently…



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