Florida Real Estate Practice Exam

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Prepare for your Florida Real Estate Exam with a comprehensive quiz featuring multiple-choice questions, hints, and detailed explanations. Gain the confidence you need to succeed in obtaining your real estate license!

Practice this question and more.

In order for Thom and Josie to exempt a portion of their primary residence's value from property tax, they must file a homestead application with the county appraiser's office before March 1. What other requirement must they meet?

They must both be over the age of 65.
They must have at least one other Florida residence on which they pay real estate taxes.
They must have had legal title for at least one year.
They must have had legal title since January 1.

The correct answer is: They must have had legal title since January 1.

Thom and Josie must have had legal title to their primary residence since January 1 in order to exempt a portion of its value from property tax. This means that they must have owned the property before January 1, and cannot have purchased it after that date. Option A is incorrect because there is no age requirement for filing a homestead application. Option B is also incorrect because owning another Florida residence is not a requirement for filing a homestead application. Lastly, option C is incorrect because there is no specific time frame for how long Thom and Josie must have had legal title to their primary residence. It simply must be before January 1 in order to meet the requirement.