Chapter 18 Flashcards

1
Q

Property and school tax rates in Florida are expressed As

A

Mills

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2
Q

Estimated value determined by county property appraiser

A

Assessed value

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3
Q

What can u do if don’t agree with an appraisal

A

Protest assessment by requesting informal conference w county property appraiser

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4
Q

What are examples of immune properties in regard to tax

A

Local- schools
State- court houses
Federal-airport

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5
Q

Does 2nd exemption get school mills

A

No

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6
Q

Widower exemption

A

$500

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7
Q

Veteran 10% disability widower basic homestead exemption

A

$35000

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8
Q

Do disabled veterans pay property tax

A

No

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9
Q

New homeowner has higher tax bill due to

A

Save our homes assessment limitations

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10
Q

Special assessment

A

Anything that adds value to your property

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11
Q

Which are deductions u can make against income tax

A

Real estate property tax deduction
Mortgage interest deduction
Home equity loan interest deduction

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