What is Homestead Exemption?
- Homeowners who reside in their home permanently and are Florida residents as of January 1 may qualify for Homestead Exemption.
This exemption can reduce the assessed taxable value on their home as much as $50,000, which is an approximate annual savings of $750. - In addition, the assessed value used to calculate property taxes cannot increase more than 3% annually after receiving the Homestead Exemption.
The deadline to file for Homestead Exemption is March 1, 2024 .
Who is Eligible to Apply? (may vary by county - please visit county of residence website for full details)
You must meet the following requirements as of January 1st:
- Have legal or beneficial title to the property, recorded in the