Deadline For Homestead Exemptions is March 1

22 02 2004

Florida home buyers who purchased homes in 2003 should make sure they apply for the $25,000 homestead exemption before March 1, according to the Florida Association of Realtors.

Any Florida property owner with legal title to a home and who uses it as his or her permanent, primary residence by Jan. 1 is eligible for the exemption.

Generally the homestead exemption is a $25,000 deduction from a home’s assessed value (as determined by the county property appraiser.) Take the home’s assessed value, minus $25,000, and then apply the local millage rate to calculate the property taxes due.

Homeowners making their first claim have to go to their respective county property appraiser’s office, bringing along the deed to their property or a property tax bill — something to show they own the home.

Property appraisers’ offices will accept applications for homestead exemption until the March 1 deadline.

Once a homeowner has applied for and received a homestead exemption, it will be automatically renewed for that property each year on Jan. 1.

Jacksonville Ranks 8th in Nation for Entrepreneurs

22 02 2004

Jacksonville was one of three Florida cities ranked in the top 10 cities for entrepreneurs by Inc. magazine. Jacksonville was eighth on the list, while West Palm Beach was fifth and Fort Lauderdale-Hollywood-Pompano Beach was seventh. The list is in the March issue of the magazine.

The magazine evaluated 277 cities across the country on factors including job growth, local support and overall affordability. Atlanta was the top-rated city, while the worst city for entrepreneurs was San Jose, Calif. The cities at the opposite ends of the rankings reflect a change in the climate for entrepreneurs since the crash of the tech industry.

Florida’s strength was based on job creation. The state now has 21 consecutive months of job growth. The state unemployment rate was a full point lower than the national rate of 5.7 percent, according the Agency for Workforce Innovation.

%d bloggers like this: