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The “Homestead Act” is a unique feature of Florida law which provides that legal residents, who meet certain requirements, are granted a $25,000 exemption on the assessment evaluation of their principle residence.

Florida has no state income tax. There is an Intangible Assets Tax on stocks, bonds, and other securities. There is also a tax on Tangible Property used in business.

For more information please visit the following Web pages on MyFlorida.com, the official Web site of the State of Florida:

> State of Florida Department of Revenue
> New Florida Resident Tax Information
> Florida Property Tax Exemptions (including homestead)
> Florida's Intangible Personal Property Tax

For more information please visit the following Web site provided by the Highlands County Tax Collector:

> Highlands County Tax Collector

TANGIBLE PERSONAL PROPERTY TAXES
SOURCE: Highlands Tax Collector Web site, http://www.collector.co.highlands.fl.us/

This is a tax levied against the furniture and equipment of a business and attachments of a mobile home. After the assessed value is determined by the property appraiser and millage rates set by the taxing authorities, the tangible tax roll is then certified and delivered to the Tax Collector for collection. Tax statements are mailed on November 1st of each year.

Taxes are delinquent April 1. If taxes are not paid, warrants are issued and additional penalties, interest and advertising are added to total due. The Tax Collector may levy/seize and sell personal property as required by law through a court order.

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Centrally located in Florida's Heartland & Freshwater Frontier
Lake Placid is within easy reach of most major cities in Florida.