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The final watered-down legislation that landed on the governor’s desk, didn’t include a broad ban on Chinese Americans owning any property statewide, narrowed the distance restriction from ...
Florida recently enacted a bill that limits some foreigners from owning property in the state — a move that shocked some, likely because the Sunshine State is such a popular destination for ...
Three months after Florida banned many Chinese citizens from owning property, some real estate agents say they are losing business as families across the state are walking away from deals.
In 2021, Florida enacted legislation restricting property ownership for citizens of China, along with nationals from Russia, Iran, North Korea, Cuba, Venezuela, and Syria. The law targets individuals without relevant US legal status and extends to government officials, political party members, and businesses from these countries, especially ...
Adena Springs Ranch is the former name of a 30,000-acre cattle ranch in Florida's Marion County now known as Sleepy Creek Ranch Lands. [1] Adena Ranches is a related cattle ranch property in Levy County. Both are owned by Canadian billionaire Frank Stronach. Sleepy Creek Ranch Lands (formerly Adena Springs Ranch) is located near Gainesville ...
In 2013, foreign buyers made up about 7% ($92.2 billion) of transactions in the $1.2 trillion U.S. real estate market. Canada was the main buyer with 19% of sales (decrease from 23% the year before), China was on the second place with 16% of sales, while on the first place considering total foreign sales by dollar value (24% or $22 billion).
Legal experts compared the measure to century-old alien land laws that barred Asian Americans from owning land; Florida was one of the last states to repeal its law, in 2018. Chinese American ...
Florida property tax homestead exemption reduces the value of a home for assessment of property taxes by $50,000, so a home that was actually worth $100,000 would be taxed as though it was worth only $50,000. However, the second $25,000 of homestead coverage does not apply to the school portion of property taxes, and only applies to the third ...