Assertion: exemption's home | /r/HasProperty | taxed
Facets:
Source sentences:
text: Florida property tax homestead exemption reduces the value of a home for assessment of property taxes by $50,000, so a home that was actually worth $100,000 would be taxed as though it was worth only $50,000.
text: It reduces the value of a home for assessment of property taxes by $50,000, so a home that was actually worth $500,000 would be taxed as though it was worth only $450,000 (although $25,000 of homestead coverage does not apply to the school portion of property taxes).