Tuesday, November 7

Trying to Understand Jacksonville's House Tax Exemptions

So we own a house. We filled out the form to ask for the Homestead Exemptions, which basically seem to reduce the taxable amount of the house by $25,000 to start (as long as it's our primary residence). That's cool. But there are some other exemptions (and taxes) that take a bit more to understand, particularly if you're new to Jax.

We seem to have two more exemptions on the house right now, based on what the previous owners were allowed. The secondary Homestead Exemption, which is based on assessed value. We get another $25,000 for that one, but it comes with a caveat: it's not good on schools. So our taxable value on schools is $25,000 more than for city government. I guess I can throw some extra cash at the Duval Public Schools, but it's just kind of odd.

Our next exemption is for military disability. Apparently, we get it for this year, but that $5000 will go away for next year, unless I join up and get hurt very soon. Actually, if I was even allowed to join at my age, I would be guaranteed to get hurt. Anyhow, that's $5000 less for next year's savings.

In addition, when a house sells, it's supposedly assessed based on market value for the next year. Since the folks who lived in this house used the Homestead Exemption and lived here for over a decade, that means the assessed value could not go up along with the true market value. If the city uses current market value on the website, our assessed value will only go up about $5,000. However, if the city starts over and takes either our sale price, appraisal, or fair market value for a house that hadn't been neglected by previous owners, then we're in trouble. Basically, we will lose $5,000 in exemptions while our assessed value could go up between $5000 and $40,000. That could mean an increase in taxes of about $500. [update] I just called the appraiser's office, and he confirmed that our fair market value WILL be based on sale price and similar properties, meaning an increase in assessed value of around $40,000 in a single year.

The takeaway is this: be careful if you are purchasing a house in Jacksonville that has been owned by the same people for a long time, at least when it comes to taxes. Those people were locked in at 3% or lower increases in value, they may have more exemptions than you, and the price you pay will affect the new taxable value of the property.

Contact Brian


Email *

Message *

Pennies From Heaven AKA Welfare for Writers

The reason why we have ads on this site is because that's one way writers make money online. Your presence on this site right now might make a penny for our family. Clicking on an ad might get us closer to $.50. Buying something online as a result of clicking on a link can make us a few dollars. We will not get rich from this money, but every penny helps out. Every like or share or re-post or follow. Please, make a donation to our family by clicking.

JAX Weather


Jacksonville jax money Florida crime housing activities vehicles economic development school home news transportation planning police Duval website design kids politics traffic research TV neighbor reviews sports taxes parks statistics East Arlington writing history environment St. Johns roads travel water employment fun men previous owner rankings Arlington weather women beach review business church jaguars pollution dating fashion football guns hurricane library race tourism fatalities health care zoning baseball music JEA Mayport restaurant summer animals games military unf Lyft St. Augustine education flooding pets spanish AC Halloween farms film french hockey noise ocean po radio Duval County Fletcher high school armada cats christmas controversy debate decision fall fort caroline style superhero 2021 AAA Roadside Assistance Advice Blowhard Cambridge AICE County Sheriffs Duval County Public Schools Easter FDOT FL Google Gyros Haretna Hilton Honors James jaeger Kernan Boulevard Lutheran Milano's Ocala Pressers SEO St. Johns County Starbucks T-shirts Tim Tebow VW acting ad of the week addiction again all balls arts asked avoid behavior belief best bi-polar boo celebration chances chump colleges column common comparison consequences councilmembers credit card cuisine difficult to use don't work doors driving games entertainment experience expression faith finding food frustration future gambling gaming gas station grass hack handles high school exchange homes housing market humor illegal traffic stops impact importance improve indians informed infrastructure insightful issue. killing language last chance light boat parade lights local dating scene lottery love made mascot meaning mental health merchandise mistakes mood swings no U-turn sign no brains notebooks opening opinion origins ownership party paying for hotels personal opinion pet ownership pitbull play players pooper popular pound sand program protect real estate reason reform religion request revenue rewards program rights road trip save school identity school pride school spirit service simple sketchy slang someone state struggle support system take down taste teachers thank you timucuan traffic laws traffic stop universities unpredictability usage vehicle pet peeves welcome workplace