Townsend Title Insurance Agency, LLC
Townsend Title Insurance Agency, LLC
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    • Home
    • Why Title Insurance
    • Locations
    • Resources
    • Contact
    • Cyber Fraud
    • Title Quote
  • Home
  • Why Title Insurance
  • Locations
  • Resources
  • Contact
  • Cyber Fraud
  • Title Quote

Get an Instant Title Quote!

Just click below

New Home Owner?

Start Electric Service (LCEC)

Websit: LCEC

Start Electric Service (FPL)

Website: FPL

Homestead and Other Exemption Information

Website: Lee County Property Appraiser

Start Water Service

Website: Customer Service (Water Connection)

Start Water Service

Start Water Service

Website: Customer Service (Water Connection)

Downloadable Forms

Download the Original Application for Homestead and Related Tax Exemptions form, Instructions For Filing and Affidavit (pdf)Download
Download the Portability Application form (DR 501T) (pdf)Download
CITY OF CAPE CORAL NEW SERVICE APPLICATION (WATER) (pdf)Download
CITY OF FORT MYERS UTILITY NEW SERVICE APPLICATION (pdf)Download

Links To Popular Title Related Web Sites

Lee County Tax Collector
Lee County Property Appraiser
Lee County Clerk of Court
Lee County Permit/Case Search
City of Cape Coral
City of Cape Coral Permit & Code Case Search
City of Cape Coral Assessment Search

FIRPTA

The Protecting Americans from Tax Hikes Act of 2015 (2015 Path Act), signed into law on December 18, 2015, increased the rate of withholding from 10% to 15% on the disposition of US real property by non-US citizens who are not permanent resident green card holders under the Foreign Investment in Real Property Act of 1980 (FIRPTA) subject to the guidelines provided below.

The basic exemption to withholding still applies:

  • If the amount realized in your transaction (generally the sales price) is $300,000 or less, and the property will be the Transferee’s primary residence (as provided for in the current regulations), no sums need be withheld or remitted. Please note both the amount and the residency requirement must be met for the exemption to apply.

The changes resulting from the PATH Act have modified the application of FIRPTA as follows:

  • If the property will not be used as the Transferee’s primary residence as set forth under I.R.S. guidelines, the withholding rate is 15% regardless of the amount realized.
  • For transactions where the amount realized is in excess of $300,000 but does not exceed $1,000,000, AND the property will be the Transferee’s primary residence, then the withholding rate is 10% on the amount realized.
  • If the amount realized in your transaction is in excess of $1,000,000, then the withholding rate is 15% on the entire amount realized, regardless of use/occupancy by the Transferee.

Please be aware that the new changes apply for transactions closing on or after February 16, 2016. Remember, the above referenced change is only a change in the percentage to be withheld on covered transactions, meaning dispositions of real property by non-US citizens, non-permanent resident green card holders and others who are not exempt from FIRPTA.

Link: IRS (FIRPTA Withholding Information)

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