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Is Not a Part of the Homestead of Grantor, or Form

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Is Not a Part of the Homestead of Grantor, or Form

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hi Chris Albanese director of education from Real Estate Academy for Orlando the next problem here we're going to be looking at it's gonna be a calculating the homestead tax deduction on a piece of real property so let's take a look at our question properties located in Orlando Florida in Orange County the city tax rate is eight point two mills the county tax rate is nine point one mills and the school tax rate is five mills the homeowners are widower and has qualified for a homestead tax exemption the assessed value for the home is a hundred and eighty five thousand dollars what will the ad valorem property taxes be for this homeowner so let's take a look at this some important things we need to look at right in the question itself starting with the city tax rate is 8.2 mils so we need the millage rate for each of the city and the county in the schools ultimately we're gonna use it at the end to figure out what our tax rate is so we need our mil

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