A married resident of Florida with a property valued at $100,000 is entitled to which homestead tax exemption?

In Florida, the homestead tax exemption is designed to reduce the amount of property tax that homeowners have to pay on their primary residence. For a married couple residing in Florida, the total homestead exemption they can claim is typically a combination of the base exemption and any additional exemptions they may qualify for based on specific criteria.

The base homestead exemption is $25,000 for all property owners. However, for properties valued over $75,000, there is an additional exemption of $25,000 that applies specifically to the portion of assessed value between $50,000 and $75,000. Furthermore, there is a possibility of additional exemptions for those over 65 or for veterans with disabilities, but those specifics do not apply in this scenario.

Given that the property is valued at $100,000, the homeowners qualify for the base exemption and the additional exemption on the second half of the assessed value, leading to a total exemption of $50,000. Therefore, the married resident of Florida with a property valued at $100,000 is correctly entitled to a homestead tax exemption totaling $50,000.