Signature Title Group

𝗡𝗲𝘄 𝗙𝗹𝗼𝗿𝗶𝗱𝗮 𝗟𝗮𝘄 𝗖𝗵𝗮𝗻𝗴𝗲𝘀 𝗛𝗼𝘄 𝗢𝗻𝗹𝗶𝗻𝗲 𝗥𝗲𝗮𝗹 𝗘𝘀𝘁𝗮𝘁𝗲 𝗟𝗶𝘀𝘁𝗶𝗻𝗴𝘀 𝗗𝗶𝘀𝗽𝗹𝗮𝘆 𝗣𝗿𝗼𝗽𝗲𝗿𝘁𝘆 𝗧𝗮𝘅𝗲𝘀: Buying a home is one of the largest financial decisions most Floridians will ever make. A new Florida law will require more accurate property tax estimates on online residential real estate listings beginning February 1, 2027, helping prospective homebuyers better understand their potential property taxes before purchasing a home. Online residential real estate listing platforms that choose to display estimated property taxes must use a standardized methodology based on the property’s listing price and information published by the Florida Department of Revenue. Listing platforms that do not provide an estimate may no longer display the seller’s current property taxes and instead must direct consumers to the county property appraiser’s tax estimator or website. Questions about real estate law? We're here to help! Call us at (561) 988-0088.

𝗙𝗜𝗥𝗣𝗧𝗔 𝗶𝘀 𝗰𝗼𝗺𝗽𝗹𝗶𝗰𝗮𝘁𝗲𝗱. 𝗪𝗲 𝗺𝗮𝗸𝗲 𝗶𝘁 𝘀𝗶𝗺𝗽𝗹𝗲. Our new article explores the requirements, exceptions, and considerations when FIRPTA applies to your real estate transaction. Signature Title Group is focused on achieving clients' objectives and empowering clients at every step of the process. For immediate assistance, please call 1-561-988-0088. signaturetitlegroup.com/newsletter/firpta-real-estate-lawyer-florida

𝐑𝐞𝐚𝐥 𝐄𝐬𝐭𝐚𝐭𝐞 𝐍𝐞𝐰𝐬: Gov. Ron DeSantis has revealed a plan to overhaul the Sunshine State's property tax system, potentially eliminating taxes on most owner-occupied homes. Florida lawmakers are gathering in Tallahassee this week for a special session to review the entire proposal. If the legislature passes the measure, it would be placed on the ballot this November and would require support from 60% of voters to pass. If that happens, the tax reform would take effect beginning in 2027. Florida’s homestead exemption significantly reduces annual property taxes. A homestead property in Florida is defined as a person's primary residence, one they must live in and own or have a primary interest in. "If it's successful, when you raise it to the $500,000 limit, that's 92% of all Florida residents [who] would be tax-free," the governor said. Critics of the plan say the tax overhaul will take away billions spent on schools and vital government functions such as police and first responders. Have questions about real estate in Florida? Call us at (561) 988-0088.