Florida Real Estate Exam Prep 39, Property Tax and Homestead Math

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams.

In this episode you will learn:

- The critical difference between market value, assessed value, and taxable value for exam calculations.

- How to correctly apply Florida's two-tiered homestead exemption to city, county, and school board taxes.

- A step-by-step process for calculating a final property tax bill using separate taxable values and millage rates.

- The distinction between ad valorem taxes and special assessments.

- Why property tax liens are considered superior to other liens like mortgages.

For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or YouTube Channel: https://www.youtube.com/@Open-exam-prep