Additional Exemptions

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Welcome to the course!
The Real Estate Business
Law & Qualifications
License Law And Commission Rules
Authorized Relationships, Duties, And Disclosure
Brokerage Offices and Branch Requirements
Violations Of License Law, Penalties And Procedures
Chapter 8
Property Rights
Title, Deeds And Ownership Restrictions
Legal Descriptions
Real Estate Contracts
Residential Mortgages
Types of mortgages
Real Estate Related Computations And Closing Of Transactions
The Real Estate Markets And Analysis
Real Estate Appraisal
Real Estate Investments And Business Opportunity Brokerage
Taxes Affecting Real Estate
- Real Property Taxation
- Determining "Just Value"
- Protest Procedure (Chapter 194, F.S.)
- Exemptions from Property Taxes
- Additional Exemptions
- Greenbelt Law Exemption
- Special Assessments
- Street Paving
- Federal Income Taxes
- Principal Residence Tax Advantages
- IRA Withdrawal
- Interest on Home Equity Loans
- Mortgage Loan Origination Fees and Points
- Disposition of Real Property from Foreign Sellers (FIRPTA)
- Investment Real Estate
- Taxable income
- Tax from Operations (Capital Gain/Loss)
- Chapter 19 Quiz 10 xp
Planning, Zoning And Environmental Hazards
Course Assessments

FLORIDA REAL ESTATE SALES ASSOCIATE COURSE

Taxes Affecting Real Estate

Section 5 of 17

Base Exemption: Standard homestead exemption reduces assessed value by up to $50,000.Surviving Spouse (Widow/Widower): Additional $5,000 exemption.Blind Persons: Additional $5,000 exemption.Total and Permanent Disability: Non-veterans may qualify for an additional $5,000. Quadriplegics or totally disabled individuals with low income may be fully exempt.Veterans with a service-connected disability of at least 10% get an additional $5,000 exemption. Veterans who are totally and permanently disabled due to service are 100% exempt from property taxes.