As a father of four, I understand the importance of maximizing every dollar, especially when it comes to homeownership. Navigating the complexities of Clermont County real estate tax can be daunting, but with the right information, you can uncover significant savings. Let’s delve into the essential tax tips every Florida homeowner should know in 2025.
Disclaimer:
I’m not a CPA, accountant, or tax attorney—just a Florida real estate expert sharing general insights based on my experience helping homeowners and investors. Before making any decisions, always consult with a qualified tax professional to get personalized advice for your situation. Tax laws can change, and your personal circumstances matter.
1. Understand Your Property Tax Rate
Clermont County boasts a median effective property tax rate of 0.89%, which is lower than both the Florida state median of 1.14% and the national average of 1.02%. This favorable rate can lead to substantial savings over time.
Ownwell: Reduce Your Property Taxes
2. Maximize the Homestead Exemption
Florida’s Homestead Exemption can reduce your property’s taxable value by up to $50,000. The first $25,000 applies to all property taxes, including school district taxes, while the additional $25,000 applies to non-school taxes for properties assessed between $50,000 and $75,000.
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3. Explore Additional Exemptions
Beyond the Homestead Exemption, Florida offers several other exemptions:
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- Senior Citizen Exemption: An additional $50,000 exemption for residents aged 65 or older who meet certain income requirements. Lake County Property Appraiser+9reAlpha+9AARP States+9
- Veterans’ Disability Exemption: A $5,000 exemption for eligible veterans with a service-connected disability. reAlpha
- Widow/Widower Exemption: A $5,000 exemption for permanent Florida residents who are widowed. Lake County Property Appraiser
These exemptions can significantly reduce your property tax liability. Florida Dept. of Revenue
4. Take Advantage of Mortgage Interest Deductions
Homeowners can deduct mortgage interest on loans up to $750,000 for primary or secondary homes. This deduction can lead to substantial savings on your federal income taxes.
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5. Monitor Property Assessments
Regularly review your property’s assessed value to ensure it’s accurate. If you believe your property has been over-assessed, you have the right to appeal the assessment. Keeping an eye on assessments can prevent overpaying on property taxes.
6. Utilize the Save Our Homes Cap
Florida’s Save Our Homes (SOH) cap limits the annual increase in assessed value of a homesteaded property to 3% or the percentage change in the Consumer Price Index, whichever is lower. This cap helps protect homeowners from significant tax increases year over year.
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7. Consider Real Estate Investment Benefits
Investing in real estate in Clermont County can offer tax advantages:
- Depreciation Deductions: You can deduct depreciation on investment properties, reducing taxable income. Saint Johns County Property Appraiser+12HBI Tax+12Lake County Property Appraiser+12
- 1031 Exchanges: Deferring capital gains taxes by reinvesting proceeds from the sale of an investment property into a similar property. Business Insider
These strategies can enhance your investment’s profitability. Investopedia
8. Stay Informed on Legislative Changes
In March 2025, Florida Governor Ron DeSantis proposed a $1,000 property tax rebate for each homesteaded property in Florida. While this proposal is pending approval, staying informed on such legislative changes can help you plan and budget effectively. Florida Governor’s Office
Conclusion
Navigating the intricacies of Clermont County real estate tax doesn’t have to be overwhelming. By understanding available exemptions, deductions, and staying informed on legislative changes, you can make informed decisions that benefit your family’s financial well-being. Remember, it’s not just about owning a home; it’s about making that home work for you.
Sources:
- Clermont, Lake County, Florida Property Taxes – Ownwell: Reduce Your Property Taxes+1thomasrmartin.pages.dev+1
- Florida Property Taxes 2025: Pay Less, Save More – re – Alpha
- Florida Homeowner Tax Deductions for 2025 – Showcase Ocala – Showcase Ocala+1faridarseniy.pages.dev+1
- Governor Ron DeSantis Proposes $1,000 Property Tax Rebates for Florida Homeowners – Florida Governor’s Office
- Tax Deductions for Real Estate Investors in Central Florida – HBI Tax – michaeltday.pages.dev+11HBI Tax+11The Carol Stewart Group+11
- Everyday investors are avoiding capital gains taxes by applying 2 IRS rules – Business Insider
