Our great state of Florida offers many military benefits for Veterans seeking to purchase their new FL home while using their VA Entitlement for a FL VA mortgage.  I want to share the following FL VA specific benefit information for qualified Veterans seeking a FL VA home loan.  There are specific FL VA benefits regarding homestead tax exemptions which may reduce or even eliminate FL taxes on residential homes.

• According to FS 196.081(1); any real estate owned and occupied (homesteded) by a US Veteran who has a service-connected, permanent and total disability and has been honorably discharged; is exempt from FL property tax.  The Veteran home owner must be a permanent resident of FL on January 1st of the year in which the exemption is being claimed. 
• FL Veteran home buyers or current Veteran home owners are eligible with a VA service-connected disability of 10% or greater shall be entitled to a $5,000 property tax exemption.
• The exemption of taxation carries over to the spouse in the event event the Veteran is deceased; at least until the spouse remarries, sells or otherwise disposes of the property.

For more information regarding additional FL Veteran benefits with respect to homestead tax exemption; please visit the FL Senate website. And if you or someone you know is a US Veteran requiring more anwswers to their FL VA mortgage questions; please have them  contact me anytime.

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