Posted on: 07th Jul, 2008 06:00 pm
does the girlfriend of a 100 percent disabled veteran now owe property taxes property transfer. a 100 percent disabled veteran does not pay property tax in florida. he recently did a quit claim deed to transfer his property to a girlfriend. does she have to pay property taxes since she is not a disabled veteran, or is it still free of property tax since he holds a interest...until death.
Hi RMadril,
Welcome to forums.
As much as i know, disabled veterans usually get an exclusion in the property value over which the property taxes are calculated. So, the veteran here has to pay tax because he has retained a life estate on the property but the tax amount will be lowered due to the exclusion being available.
Thanks
Welcome to forums.
As much as i know, disabled veterans usually get an exclusion in the property value over which the property taxes are calculated. So, the veteran here has to pay tax because he has retained a life estate on the property but the tax amount will be lowered due to the exclusion being available.
Thanks