Florida — Taxes Affecting Real Estate — Florida Real Estate — State Law Practice Test
12 questions in this topic · 12 drawn at random this round
When Florida property taxes become delinquent, the tax collector sells a TAX CERTIFICATE. What is the maximum rate of interest a tax certificate may bear?
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This Florida Real Estate — State Law Florida — Taxes Affecting Real Estate practice set has 12 practice questions based on the official exam materials, each with an instant explanation.
Sample questions
Three questions from the Florida — Taxes Affecting Real Estate bank with the correct answer and an explanation. The practice quiz above draws 12 questions at random from the same bank.
Under Florida's homestead exemption, what is the MAXIMUM exemption a qualified permanent resident may receive on the assessed value of a homestead?
- $50,000 — Correct answer
- $25,000
- $75,000
- $100,000
Explanation: Florida grants up to a $50,000 homestead exemption: a first $25,000 plus an additional $25,000 on assessed value above $50,000. Homestead exemption（房产宅地豁免）: a property-tax reduction for an owner's permanent FL residence. Source: Fla. Const. Art. VII §6 / Ch.196 FS.
Handbook: Florida Taxes Affecting Real Estate — Homestead exemption amount (Fla. Const. Art. VII §6 / §196.031 FS)
Florida's homestead exemption has two $25,000 tiers. To which taxes does the SECOND $25,000 (on assessed value between $50,000 and $75,000) NOT apply?
- School district taxes — Correct answer
- County taxes
- Municipal taxes
- Special district taxes
Explanation: The first $25,000 applies to ALL property taxes including school district levies; the second $25,000 (assessed value $50,000–$75,000) does NOT apply to school district taxes. School district levy（学区税）: ad valorem tax funding public schools. Source: §196.031(1)(b) FS.
Handbook: Florida Taxes Affecting Real Estate — Second $25,000 / school-tax exclusion (§196.031(1)(b) FS)
Under Florida's Save Our Homes (SOH) provision, by what MAXIMUM percentage may the assessed value of homestead property increase in any one year?
- 3% — Correct answer
- 5%
- 10%
- 2%
Explanation: Save Our Homes caps the annual increase in a homestead's assessed value at the lesser of 3% or the change in the CPI. Save Our Homes（保护家园）: §193.155 assessment-growth cap protecting homesteaded owners. Source: Fla. Const. Art. VII §4 / §193.155 FS.
Handbook: Florida Taxes Affecting Real Estate — Save Our Homes 3% cap (§193.155 FS)