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Updated about 4 years ago,
Florida Homestead Exemption Rules
Hey BiggerPockets community!
I'm an investor in the Orlando area and have a question about homestead laws in Florida. My question today, however, is about my primary residence. My fiancé and I live separately and are set to be married next month, but we still plan to live in our separate homes after we're married. My primary residence is near the university I attend, so I plan on living here for a few more years.
My question is:
If both of our homes already have the homestead tax exemption, will we be forced to have the exemption for only one of those properties once we're married, or can it still be for both since we're still living separately?
I know it's important that I seek counsel from a CPA or a real estate attorney about this, but I wanted to ask everyone on BP first to see if anyone else has run into this problem in the past.
Thank you!