Just how much the Florida property tax amendment will help jump-start the sluggish Boca Raton FL real estate market overall is the big question. Most analysts say it will boost sales only modestly in the short term. The amendment enables owners of homesteaded property to carry up to $500,000 in tax benefits to a new home if they have sold one property after Jan. 1, 2007, and purchase another within two years.

Homeowners who downsize to a less expensive Delray Beach condo can carry a proportionate amount of savings. If they had shielded 40 percent of the market value of the old home from the tax collector, they can shield 40 percent of the market value of the new one.

The homestead exemption will increase to $50,000 from $25,000, except for the school-tax portion of the bill. That is equivalent to about a $15,750 additional homestead exemption in Miami-Dade County and $16,000 in Broward County, or an average of $240 a year per home in tax savings statewide.

Real estate agent Caesar Parisi stands ready with effective advice for Selling Your Boca Raton home.

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