In the State of Florida, for Example, Homeowners May Qualify

Multiple Choice

In the state of Florida, for example, homeowners may qualify for a tax exemption in which up to $50,000 will be deducted from the assessed value of the property before taxes are calculated as long as the property owner occupies a home as the family's principal residence and has claimed residency within the state. This exemption is better known as the:

A) ad valorem exemption
B) affordable housing exemption
C) growth moratorium
D) homestead exemption