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Homestead Exemption in florida

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Rina

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Post Posted: Mon Mar 03, 2008 8:39 am    Post subject: Homestead Exemption in florida
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I bought a home in 2005 in a living revocable trust and received Homestead Exemption after applying for it. Moved in with my fiancee in June last year in the same town and just received a letter in the mail from the County Clerk stating that my homestead exemption is in jeopardy. Am I no longer able to participate in the homestead exemption program?

Thanking you,
Rina
Icon Mini Profile jameshogg
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Post Posted: Mon Mar 03, 2008 10:36 pm    Post subject: RE: when florida homestead exemption is in jeopardy
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Hi Rina,

Welcome to forums.

The fact remains that upon any transfer of ownership, the homestead exemption laws requires you to re-apply for it. So, may be you have done any changes to the title to the property which is why the exemption is in jeopardy. So you will have to talk to the authorities and then apply again.

Thanks
Icon Mini Profile larry





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Post Posted: Tue Mar 04, 2008 5:51 pm    Post subject:
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Hi Rina,

Welcome to forum.

James has given you sound suggestion. You should inquire to the proper authority and fix the problem. The property is owner qualified and you are staying here for about a year. I think should not have much problem to get qualified for homestead exemption.

Best of luck,
Larry
charles florida

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Post Posted: Tue Jun 10, 2008 11:32 pm    Post subject: Florida QuitClaim of Homesteaded Marital Residence
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My wife and I are divorcing and have agreed that I will buy her equity interest in our homesteaded marital residence. We live in Florida. She wants her money before we go to court (have submitted non-contested papers and are acting pro se). Can she quitclaim her interest to me while we are still married?
Icon Mini Profile Jessica
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Post Posted: Wed Jun 11, 2008 5:50 am    Post subject: RE: quitclaim prior to divorce
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Hi charles,

I don't find any problem in buying her out prior to the divorce if she agrees to the proposal. On doing so, she won't be the legal owner/co-owner any more. But until the divorce is over, you may have to allow her to stay in the property. if it's ok with the both of you, then you can very well quitclaim while you're still married.

Regards,

Jessica.

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JAY FF

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Post Posted: Mon Mar 02, 2009 9:53 am    Post subject: HOMESTEAD
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CAN AN INDIVIDUAL HAVE A FOLIRDA HOMESTEAD EXEMPTION AND ALSO A HOMESTEAD IN PURTO RICO
Icon Mini Profile adonis
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Post Posted: Mon Mar 02, 2009 11:43 pm    Post subject:
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Welcome JAY FF,

As far as I know, Puerto Rico is a self governing country. In that case, you can get a homestead there depending upon the rules and regulations of that country. As far as homestead in Florida is concerned, if it's your primary residence, then you may qualify for a homestead.
ken stuettgen

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Post Posted: Mon Apr 06, 2009 8:40 am    Post subject: homestead laws
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I live in volusia county Florida, my question is;
Is it mandatory to have a your vehicle registered in florida to receive homstead
Icon Mini Profile jerry
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Post Posted: Tue Apr 07, 2009 6:21 am    Post subject:
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Hi ken,

As far as I know, vehicle registration is required as you need to submit a copy of the Flrida vehicle registration dated prior to January 1st the year you apply for homestead as a proof of residence.

Thanks,

Jerry
megsdad

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Post Posted: Tue Sep 29, 2009 2:40 pm    Post subject: RETAINING HOMESTEAD EXEMPTION
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I have a home in FL and a home in TN. If I change my Driver's license and car registration to TN can I retain my FL homestead exemption?
Janet Jallo

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Post Posted: Sat Jun 19, 2010 2:37 am    Post subject: Late filing for homestead exemption
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I filed late for homestead exemption because it never came up during my closing and I did not know about it. Also did not have a Florida license because the name on my Social Security card was different from the name on my NY license. Appeal failed, and I now have to pay double taxes on my home for period in question. Apparently, there is no flexibility in this statute at all!
Icon Mini Profile adonis
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Post Posted: Sun Jun 20, 2010 11:08 pm    Post subject:
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Hi megsdad,

One of the requirements to get a homestead exemption in Florida is to have a proof of Florida residence. A Driver's license is one such proof. If you change your driver's license and car registration to TN, you may not be able to retain the homestead exemption. Nevertheless, I would suggest you to get in touch with an attorney well versed with the laws of homestead exemption and get his opinion in this matter.

Hi Janet,

As far as I know, homestead exemptions can be filed late. You need to get in touch with the County Appraiser's office check out if they can help you in this matter.

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Macna

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Post Posted: Tue Jun 22, 2010 12:45 pm    Post subject: Florida Homestead?
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I currently live in NJ but have property in Florida. My husband and I both retired and would like to make Florida our primary residence. We would still own the NJ residence and come up for about 4 months per year. Is there any penalty when I sell the NJ residence if it is no longer my primary???
Thanks for reply
Icon Mini Profile jameshogg
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Post Posted: Wed Jun 23, 2010 12:19 am    Post subject:
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Hi Macna,

What type of penalty are you speaking about? If you own the property in NJ free and clear, then you can list the property in the market and try to get buyers for the property.

Thanks
Macna

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Post Posted: Fri Jul 02, 2010 5:41 am    Post subject: tax penalty?
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I'm wondering about a tax penalty when I sell the NJ property if it is not my primary residence.
Thanks for the response
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