Homestead Exemption
Lake County: www.lcpafl.org
Orange County: www.ocpafl.org
Osceola County:
www.property-appraiser.org
Seminole: www.scpafl.org
Sumter: www.qpublic.net/sumter
Volusia County:
www.volusia.org/property
Great information for the move-up buyer -- $6,500 Tax Credit.
Here's how it works:
1. To be eligible to claim the tax credit, buyers must have
owned and lived in their previous home for five consecutive years out of the
last eight years.
2. The tax credit does not have to be repaid unless the
home is sold or ceases to be used as the buyer's principal residence within
three years after the initial purchase.
3. The tax credit is equal to 10% of the home's purchase
price up to a maximum of $6,500.
4. The tax credit applies only to homes priced at $800,000
or less.
5. The credit is available for homes purchased after
November 6, 2009 and on or before April 30, 2010. However, in cases where
a binding sales contract is signed by April 30, 2010, the home purchase
qualifies provided it is completed by June 30, 2010.
6. Single taxpayers with incomes up to $125,000 and married
couples with incomes up to $225,000 qualify for the full tax credit.
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