FRECI_18-2 - Lecture Preview Florida Real Estate Commission...

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1 Florida Real Estate Commission Course I Pre-Licensing Course for Sales Associates Session 18 – Lecture 2 Taxes Affecting Real Estate Copyright, 2005 2 Lecture Preview What will you learn from this lecture? Introduce tax exemptions and exempt properties Identify the benefits of property tax exemptions Copyright, 2005 3 Vocabulary Terms Exempt property Immune property Taxable value Copyright, 2005 4 Exemptions From Property Taxes 1. Immune property 2. Exempt property 3. Partially exempt property 4. Homestead exemption 5. “Greenbelt Law” exemption Certain properties (or owners) may benefit from “exemptions” Copyright, 2005 5 Property Tax Exemptions vs Property Tax Immunity Certain classes of owners have an exemption Homesteads Religious and non-profit organizations Blind Widows and widowers Totally disabled Disabled Veterans Over 65 Quadriplegic Property of government entities generally is immune Copyright, 2005 6 1. Immune Property
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FRECI_18-2 - Lecture Preview Florida Real Estate Commission...

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