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Property Rights EstatesHomestead_exemptionHARD

A county appraiser explains that only the 2026 additional homestead exemption beyond the first $25,000 is at issue. If a homestead has an assessed value of $90,000 and the county millage is 18 mills, what county-tax savings comes from that additional exemption alone?

Correct Answer

D) $475.40

Only the applicable additional exemption affects this question. Tax savings = ($26,411 ÷ 1,000) × 18 = $475.40.

Answer Options
A
$450
B
$925.40
C
$1,170
D
$475.40

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Related Topics & Key Terms

Key Terms:

floridastate_portionhomestead_exemptionproperty_rights_estatesmath
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