Calculate Property Tax Increase - Homestead

[Justin Miles]

So i own a house in Florida that i bought at the bottom in 2012 so my property taxes are fairly low because i believe in FL they can only increase them a certain percent per year. My question is if i rent the house out do they then have the right to reassess at current appraisal values and what would losing the homestead exemption look like? basically Im just trying to wrap my head around what my property taxes will go up so i can do a proper analysis. Thanks in advance for you replies.