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Why is my neighbor’s tax bill different from mine?
Are you sure your homes are the same? Carefully compare details concerning the land, such as the lot size. Check the building information and compare such things as the square footage, the number of bedrooms and bathrooms and whether there are additional buildings on the site. When comparing, check the additional features the homes may or may not have such as a swimming pool, screened lanai or patio.
Next, check the total Taxable Value and Assessed Value of the home. The Assessed Value can vary greatly depending on how long a person has had Homestead and enjoyed the benefits of Save Our Homes. Remember, effective with the second year of your Homestead Exemption, the Assessed Value is capped to a maximum of a 3% increase annually due to the Save Our Homes benefit.
The Taxable Value can differ greatly based on the various tax exemptions each owner receives such a Widow, Blind, Veterans, Disabled, etc.
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