Changing home residence question
We snow bird to Florida every winter and now live there just as much as we do in NC and are thinking of changing our home residence to there. We already have a mail address there. Can anyone who h...
Forum Discussion
lbrjet wrote:
The homestead exemption only applies to a stick built house or condo that is used for your primary residence. Not sure what your Florida housing aituation is.
Not correct. I lost my homestead exemption on a Florida mobile home/room extension because I'm a non-resident. I did apply for and receive a homestead provision on my home's title, as it protects property from seizure from non-payment of debts (such as credit card or liens) up to $500,000 assessed value. This is another incentive to Florida property. There are two types of homestead, the property tax discount, and the title protection. Until I live there 6 mo. or more, I only get the latter, and have 60% higher property taxes from losing the former. We only visit in the summer, because compared to San Diego, the SW Florida winters are too cold, LOL. :B
