Property Tax question????
I am thinking of purchasing a bank owned home. The bank took possession of this home in February, therefore the previous owners homestead exemption expired.
This home would be my primary residence, however due to the homestead exemption rules, you must file for the exemption by March,so I would have to wait until next year to file the exemption.
Per the new property tax guidelines, the taxes on a home cannot exceed 1.5% of the assessed value. Does that apply only to homes that have a filed homestead exemption?
Any information is appreciated!!!