Palm Beach Estates for Sale
What new owners should know.
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Florida has no state personal income tax, and a primary residence may qualify for a homestead exemption and an annual cap on assessed-value increases under Save Our Homes.
When a property sells, its assessed value is generally reset toward market value, so the seller's tax bill isn't a reliable guide to the buyer's. Estimate taxes from the purchase price and the local millage rate.
Talk with a tax advisor about residency, homestead portability and how ownership is titled.
FAQ
Usually not. Assessments typically reset after a sale. Estimate from the purchase price.
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