What are the Real Estate taxes in Spruce Creek?
Taxes run approximately $20 per thousand dollars of assessed value. In Florida, Assessed Values vary a lot and can dramatically change with a new purchase. The first $25,000 of assessed value may qualify for Florida’s Homestead Exemption for residents. The Homestead Exemption offers a lot of benefits beyond the $25,000 “discount” of assessed value, it protects the real property in many cases against judgments (Remember OJ?… They took everything, but He kept his multimillion dollar Florida home…). Florida has the “save our homes” statutes which place a limit to what the assessed values can be raised for homestead exeptions from year to year. The laws are complex and there are many other exemptions available for residents. The Volusia County Property Appraiser’s office is here. Here is a handy Volusia County, Florida Property Tax Estimator.
