Premium Only Content

Homestead Exemption vs Non-Homestead Cap in Miami-Dade County
Is the Homestead Exemption better or the Non-Homestead Cap? What if you miss the window to apply for the Homestead Exemption? Should you still apply the following year or just wait to automatically get the Non-Homestead Cap? Overview by Chris at Hauseit® (https://www.hauseit.com).
Save money when buying, selling and renting real estate in New York and Florida with Hauseit. Available in NYC, Long Island, the Hudson Valley and South Florida. Established 2014.
.
In this real world example, we take a look at a customer's Miami condo purchased in January 2022. Because he purchased the property later in January, technically he would not be eligible for the Homestead Exemption for 2022 because the property needs to be your primary residence on January 1st of the applicable tax year.
However, the customer could have applied for the Homestead Exemption for the 2023 tax year. You do need to do this online before the March 1st deadline however. If you forget, then it's important to apply online and provide an extenuating circumstance for why you were not able to apply on time.
If you were late, and are able to apply anyway with an extenuating circumstance, then great. The Homestead Exemption and the Save Our Homes Cap is better than the Non-Homestead Cap (3% is better than 10%).
If you are not able to however, the calculus becomes much trickier, and depends a lot on your view of where property values will go.
We explore this mystery and explain further in the following video.
.
Hauseit Group LLC, Licensed Real Estate Broker
Tel: +1 (888) 494-8258
Email: team@hauseit.com
_
#hauseit #hauseitnyc #hauseitmiami #hauseitsouthflorida #hauseitlongisland #hauseithudsonvalley #hauseitwestchester #hauseitrealestate #realestate #realestateinvesting #home #propertyinvesting #realestatetips #realestatemarket #realestateinvestor
-
LIVE
Lara Logan
13 hours agoLAWFARE UNDER FIRE: Treniss Evans Leading the Charge Against a Weaponized Justice System | Ep 29
527 watching -
5:56:35
JuicyJohns
6 hours ago $2.76 earned🟢#1 REBIRTH PLAYER 10.2+ KD🟢$500 GIVEAWAY SATURDAY!
55K1 -
15:32
Scammer Payback
6 hours agoTormenting the Scammer Who Did This
2.95K19 -
17:28
IsaacButterfield
10 hours ago $0.35 earnedThe Government Just Banned Free Speech in the UK
3.99K6 -
2:01:46
Tim Pool
19 hours agoIs Trump Still Winning? | The Culture War LIVE Debate
167K249 -
5:22
Michael Heaver
14 hours agoBritain's Enraged Voters Reject EXTREME Agenda
11.9K7 -
1:13:41
Rebel News
2 hours agoNo trade deal for Carney, Christian cancelled in BC Bible Belt, Liberal bail reform | Rebel Roundup
15.2K7 -
1:00:18
The Drew Allen Show on DailyClout
2 hours ago"Russiagate Is ‘Crime of the Century’"
10.5K2 -
1:20:41
Steven Crowder
6 hours agoBill Burr Flames Out on Conservatives, Whites, and... Ben Shapiro
227K153 -
56:58
The Rubin Report
4 hours agoHow to Protect Yourself from Toxic Beliefs | Eckhart Tolle
52.4K27