The Florida Homestead Exemption, simply put, reduces the taxable value of real property owned in Florida. This exemption offers a Florida resident considerable savings on their property tax bill. To qualify for this exemption, you must be a qualified resident who owns their home and it must be the primary residence. This exemption must be filed for according to the dates below…it is not automatically applied.
Generally, the Homestead Exemption reduces the taxable value of the primary residence by $25,000 for a single person or $50,000 for couple. This exemption must be filed with the Property Appraiser in the County where the property is located. Once filed, this Exemption remains in effect as long as your residency and the use of the property don’t change.
As of January 1st of the year you are filing, you must be 1) a resident of Florida AND 2) be the permanent resident of the property AND 3) hold title or beneficial interest to the property. Filing deadline is MARCH 1ST of the year in which you are filing.
Additional information, answers to any questions and information on other possible exemptions is available through the Property Appraiser’s Office in the County where the property is located.