Property Taxes on Rental Property

[Matthew Albritton]

Hi Everyone, 

I live in Fl and take advantage of the homestead tax exemption on my current house. I am starting to acquire real estate. I have 50 acres of timber land and only pay $150 a year by taking advantage of the Greenbelt program. 

My question is, are there any tax advantages for investors purchasing single family homes or multi-family? I understand the depreciation aspect. Is there anything else that can be used to reduce the real estate taxes?