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Does the girlfriend of a 100 percent disabled veteran now ow

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Icon Mini Profile r_madril



Joined: 07 Jul 2008

Posts: 1



1.30 Dollars($)

PostPosted: Mon Jul 07, 2008 6:00 pm    Post subject: Does the girlfriend of a 100 percent disabled veteran now ow

Does the girlfriend of a 100 percent disabled veteran now owe property taxes property transfer. A 100 percent disabled veteran does not pay property tax in Florida. He recently did a quit claim deed to transfer his property to a girlfriend. Does she have to pay property taxes since she is not a disabled veteran, or is it still free of property tax since he holds a interest...until death.
 
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Icon Mini Profile jameshogg
jameshogg


Joined: 20 Dec 2005

Posts: 997
Location: nevada


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PostPosted: Mon Jul 07, 2008 9:45 pm    Post subject: RE:

Hi RMadril,

Welcome to forums.

As much as i know, disabled veterans usually get an exclusion in the property value over which the property taxes are calculated. So, the veteran here has to pay tax because he has retained a life estate on the property but the tax amount will be lowered due to the exclusion being available.

Thanks
 
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