What is a property tax freeze?

A property tax freeze is a legal provision in Florida that prevents property taxes from rising each year. This is beneficial for homeowners who may not be able to afford an increase in taxes. Property tax freezes are typically aimed at people who are elderly, disabled, or veterans. In these cases, the tax rate they pay is frozen at the rate it was when they purchased the property. This means that, even if the value of the property increases, their taxes will not increase. To qualify for a property tax freeze, individuals must provide proof of their age, disability, or military service. They must also demonstrate financial need, usually by showing how much of their income goes to paying their property taxes. In some cases, a property tax freeze may be granted without the homeowner taking any action. Florida also has a renewable energy property tax break, which translates to a freeze in property taxes for certain types of energy-efficient home improvements. Property tax freezes are beneficial for homeowners, as they ensure that their taxes remain stable even if the value of their property increases. They also represent an important way for the state of Florida to help support veterans, elderly individuals, and those with disabilities.

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What is a property tax freeze?

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