Bradyteamblogsite’s Weblog

What a great luncheon and meeting!  The Latino Market is one of the fastest growing group of consumers in the United States of America.  This is a group of agents and affiliates that continues to nurture that market.  I was a guest speaker commenting on marketing techniques that I have successfully used.  We also heard from the Orange County Tax Assessor’s Office and we received an easily understood explanation of the new tax portability features of the amendments that passed just this past January in Florida.  It is amazing but a seller may take his tax savings based on “Save our Homes” which caps tax increases at 3% per annum and transfer that to a new primary residence in the State of Florida.  So if you own a home with an adjusted value of $300,000 and you are paying taxes based on only $150,000, the difference of $150,000 may be applied to another home that you purchase that is greater than $300,000 plus you will receive not $25,000 in homestead exemption, but $50,000 in homestead exemption.  That is a significant savings in taxes.  Also investment properties now have a cap in increases of not more than 10% per annum.  If you want us to compute your portability savings, we will be glad to do that for you.  Just e-mail me at Barbara@TheBarbaraBradyTeam.com.  This is for residences in the Central Florida Area.  If you are outside this area, I can provide information that will assist you in figuring out this wonderful tax advantage if you are considering moving and staying within the state.  There are some variations in this amendment based on buying a less expensive home.

We will be glad to help!  Oh by the way, it is glorious in Orlando today! Bright Blue Skies, Crisp Cool Air!  Life is Good!  BB