Pensacola Property Management Renting a Room Can Hurt Homestead Tax Exemptions
By Charles Stallions, 850-476-4494 - Pensacola, Pace or Gulf Breeze, Fl.
(Charles Stallions Real Estate Services )
siraanamwong / Getty Images JANUARY 30, 2023 Share this article: FacebookTwitterLinkedInPrintShare By Derek Gilliam Some Fla. homeowners with homestead property-tax exemptions are finding that the exemption is at risk if they rent out part of the home or run a small business. SARASOTA, Fla. – When Dan Graue read a letter from the Sarasota County Property Appraiser that notified him he had been dodging taxes on his homesteaded property and now owed more than $64,000 in fines and back taxes, he thought there must have been an error. He and his wife, Jennifer, had owned the house off Bahia Vista Avenue since 1995, after purchasing the home from Jennifer’s family, which had owned the property since the 1950s. They quickly learned the property appraiser meant business. Florida’s homestead...
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