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The amendment caps the increase of the assessed value of a home with a homestead exemption to the lesser of 3% or the rate of inflation. This means that if an owner had a homestead exemption on a home valued at $100,000 in 1995, and the exemption was still valid in 2005, the most the home could be assessed at is approximately $126,000 .
In some states, homestead protection is automatic. In many states, however, homeowners receive the protections of the law only if they file a claim for homestead exemption with the state. Furthermore, the protection can be lost if the homeowner abandons the protected property by taking up primary residence elsewhere. [citation needed]
Article X, section 4 of the Florida Constitution [17] provides for the exemption of $1,000 of personal property, which is doubled if the bankruptcy case is a joint filing with a spouse. Florida statutes provides for an additional $4,000 exemption for personal property if the person does not have the benefit of the Florida homestead exemption.
The Miami-Dade Board of County Commissioners is the governing body of unincorporated Miami-Dade County and has broad regional powers to establish policies for Miami-Dade County services. The government provides major metropolitan services countywide and city-type services for residents of unincorporated areas.
A Florida agency isn’t budging in its conclusion that Miami-Dade County messed up the approval process on a 380-acre industrial park outside Homestead, a standoff that may force developers to ...
Tarrant County tax bills just got lower for homeowners: commissioners voted unanimously Tuesday to increase the homestead exemption from 10% to a state-maximum 20%. The tax break also applies to ...
Homestead is a city within Miami-Dade County in the U.S. state of Florida, between Biscayne National Park to the east and Everglades National Park to the west. Homestead is primarily a Miami suburb and a major agricultural area.
Map of the municipalities (colored) and census-designated places (gray) of Miami-Dade County. Communities in Miami-Dade County, all located in the county's eastern half, include 34 municipalities (19 cities, 6 towns and 9 villages), 37 census-designated places, and several unincorporated communities. The county seat is Miami, which is also the ...