Did you sell your homesteaded property in 2007 and purchase a new one before January 1st? If so you are eligible for an extra tax break, or are you?
I sold a house and bought a bigger one, however owning the old house for just over two years and having the value drop last year I had nothing to move but if you lived in the old house for a longer period of time you might miss out on some extra tax savings.
Here is what you need to qualify:
1. Sold your homesteaded property in 2007
2. Bought a new property before January 1st 2008
3. You need to submit form DR-501T before Monday March 3rd.
CALLING All Florida agents- If you sold a property last year now is a great time to call your old clients and let them know about this tax savings.
As a Real Estate Professional and consumer advocate, I will always ensure that your best interests are protected. Call me any time (772-204-9965) to discuss what you are looking for in a property and how we can get you the best property for your investment.