Did you know there have been 292 hurricanes in the United States since 1851 and 120 of them have hit Florida?
Florida is a great place to live and has many benefits but there are also some risks. Hurricanes are one of them. Many homeowners weatherproof their homes to reduce the damage they do.
However, this can be a financial burden for many people. If you’re worried about storms damaging your home but equally as worried about paying for the cost of protecting your home, you’ve come to the right place.
We are going to tell you about the tax holiday the government has put in place to help Florida residents. Keep reading to find out more about tax exemptions and hurricane proofing.
On May 6 Gov. Ron DeSantis signed that law that waives taxes on hurricane-resistant windows and doors. This also includes garage doors. If you have any of these items that aren’t stable it’s best to get them fixed as fast as possible.
The tax cuts, all $462 million, are being allocated for “home hardening” projects. Not only will these projects and renovations give Florida residents peace of mind they can also save them money. After your projects, be sure to check back with your insurance company and you may be able to get a discount.
The tax holiday is going to allow many people to hurricane-proof their homes that might not have been able to without it. However, it can still be a costly project so you may need time to save. The tax exemption holiday starts July 1, 2022, and ends June 30, 2024.
My Safe Florida Home Program
There are other ways to weatherproof homes that are more expensive than replacing windows and doors. If you’re worried your roof won’t withstand the next hurricane season the My Safe Florida Home program may be a great option.
The program allows qualified homeowners to receive a grant for home-hardening projects. The state has set aside $150 million for these grants and you can receive up to $10,000. The Department of Financial Services will be responsible for the allocation of the grants and will also be paying for the inspections that are required to confirm if a homeowner is qualified.
There are a few requirements that you must meet, the property has to be your primary residence and a single-family home. It has to have a value of less than $500,000.
Your home must also have an original building permit that is dated before January 1, 2008, and must have had a hurricane inspection after July 8, 2008. The property must be in a wind-borne debris region.
If you aren’t sure you’re located in a qualifying area you can look it up using the Florida Building Code. After the projects are completed you must make your home available for inspection.
Florida hurricanes can be devastating and the goal of the tax holiday and grants are to ease the financial and mental burden. Now is the time to take advantage of the Florida taxes being eliminated on specific weather-proofing supplies.
If you’re ready to get started fortifying your home click here. We have helped many people feel safe and secure in their homes.