Save Our Homes Tax Cap and Deeds
Almost every Florida resident homeowner knows that the Save Our Homes Tax Cap attaches to regulate the increases in our real property taxes as a result of applying for homestead exemption.
What may not be so clear is when a deed into trust or a quitclaim deed establishing a life estate without the containing a clear statement as to the continuation of equitable ownership the deed may be considered a conveyance thereby triggering the removal of the homestead protection and Save Our Homes Tax Cap resulting in an increase in your real property taxes.
Generic, store-brought or other do it yourself deeds may not and probably don’t contain the correct language to protect you from this possibility; that is why RGLLAW recommends that you hire an attorney to assist you with this process.
What may not be so clear is when a deed into trust or a quitclaim deed establishing a life estate without the containing a clear statement as to the continuation of equitable ownership the deed may be considered a conveyance thereby triggering the removal of the homestead protection and Save Our Homes Tax Cap resulting in an increase in your real property taxes.
Generic, store-brought or other do it yourself deeds may not and probably don’t contain the correct language to protect you from this possibility; that is why RGLLAW recommends that you hire an attorney to assist you with this process.
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