A Gainesville homeowner dies in June, and their adult child inherits the homestead property. The child wants to maintain the Save Our Homes benefit. What must they do?
Correct Answer
C) File for the inherited homestead assessment difference within 3 years and establish it as their homestead
The correct answer is C. Under Florida law, an heir can maintain the Save Our Homes assessment difference by filing the appropriate application within 3 years and establishing the property as their homestead. A is incorrect because a new homestead application alone doesn't preserve the Save Our Homes benefit. B is incorrect because portability applies when moving between properties, not inheritance. D is incorrect because the benefit doesn't transfer automatically; specific steps must be taken.
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A Pensacola homeowner is selling their property on September 15th. The annual property taxes of $4,380 have not been paid. Using the 365-day method, how much will the seller owe the buyer at closing for property taxes?