Hey y'all! I've been wondering about the potential benefits associated with military service, particularly in terms of tax exemptions. I'm a Floridian, and I've heard something about property tax exemptions for deployed military. Can somebody help me understand how they work, especially in Orange County?
Sure, I'd be glad to explain! In Florida, there is indeed a property tax exemption specifically for deployed military service members, and this applies across all counties, including Orange County. Here's how it works:
If you own property and get deployed from Florida on active duty outside of the United States in support of a designated military operation, you can qualify for an additional property tax exemption. The value of this exemption is a percentage that equals the number of days in the year you were deployed divided by the total number of days in that year.
For example, if you were deployed for 180 days in the tax year, you would receive a 49.3% (= 180 / 365 100%) reduction in the taxable value of your property.
To qualify, you need to apply for the exemption and provide relevant documentation. This usually includes copies of your military orders and travel vouchers. Application deadlines typically fall in March, so it's crucial to check the exact dates with Orange County's Property Appraiser's Office.
It's also important to note that this deployed military exemption is in addition to any other exemptions you may qualify for, like the basic homestead exemption, so it's possible to stack multiple exemptions and save considerably on property taxes.
However, this information is for general guidance, and the specific terms might have slight variations. Thus, it's always best to consult with a tax professional or directly with your county property appraiser's office.
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