The Johnsons qualify for Florida homestead exemption on their primary residence valued at $350,000. What is the taxable value of their property for county taxes?
Correct Answer
D) $325,000
Correct: D - $325,000. Florida homestead exemption provides $25,000 off assessed value for county taxes ($350,000 - $25,000 = $325,000). Why not A: This option is incorrect because "$300,000" does not match the rule tested by the question. The correct answer is "$325,000". Florida homestead exemption provides $25,000 off assessed value for county taxes ($350,000 - $25,000 = $325,000). Why not B: This option is incorrect because "$275,000" does not match the rule tested by the question. The correct answer is "$325,000". Florida homestead exemption provides $25,000 off assessed value for county taxes ($350,000 - $25,000 = $325,000). Why not C: This option is incorrect because "$350,000" does not match the rule tested by the question. The correct answer is "$325,000". Florida homestead exemption provides $25,000 off assessed value for county taxes ($350,000 - $25,000 = $325,000).
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