What is the difference between homestead taxes and property taxes and do you have to pay both?

Steffen C: What is the difference between homestead taxes and property taxes and do you have to pay both?
I read an insert for a home that my husband and I were looking at and part of it stated: “property taxes $ —-.–, however homestead taxes are much lower”. I am assuming that these two are different kinds of taxes, but do you have to pay both and why is one cheaper than the other?

Answers and Views:

Answer by Butch
You don’t understand that correctly. At first you have to pay straight taxes that is more. If you live in the property then you can homestead it and get a homestead exemption. Something you can;’t get on a rental property you buy.
then it was about half as much in taxes. But if I move out and rent this place to someone else I lose my homestead exemption.
So as soon as you buy it and move in go to the court house and ask for the exemption. You don’t just automatically get it.
I found out about it and it saved me a bundle in property taxes.