Death and Taxes

• Posted by Bruce McDonald
• March 24, 2010
• Property Taxes
• (1) Comments

One of the nastiest surprises that families involved with a Florida probate often face is the HUGE increase in property taxes on the homestead after the final owner dies. There is no change when a husband or wife passes away, provided there is a surviving spouse. However, when the survivor dies, and the homestead property passes to the heirs, two changes combine to put a huge bite on the wallet in the next year’s property tax.

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