A Snowbird’s Guide to Buying a Second Home on the Treasure Coast: Taxes, Rentals, Insurance

Buying a winter home on the Treasure Coast? It gets no homestead exemption, its non-school assessed value can rise up to 10 percent a year (5 percent if Amendment 3 passes), and short-term renting brings association rules, a state license, the 6 percent state tax and a 5 percent county tourist tax the statute applies to condos (houses unconfirmed). Here is what the statutes, Fannie Mae, Citizens and the IRS say, including FIRPTA.