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Kiplinger
Kiplinger
Business
Gabriella Cruz-Martínez

Florida Changes Homestead Exemption Property Tax Break

An "Available" sign in front of a house in a KB Home development.

There’s no denying it: Florida homeowners are fed up with property taxes.

Tax bills have gotten so high that more than 66% of Floridian voters passed a ballot measure last November that increases their property tax break. Amendment 5, ties the state’s homestead exemption to the annual national inflation rate.

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