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Unlocking the Benefits: A Guide to Understanding the 2024 Homestead Exemption

Posted by Jeffrey G. Funk P.A. on Monday, January 15th, 2024 at 10:03am.

Homestead Exemption 2024

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 Official Records.
  • Reside on the property.
  • Be a permanent resident of the State of Florida.
  • Be a United States citizen or possess a Permanent Residence Card (green card)

What is needed to file for the Homestead Exemption (may vary by county - please visit county of residence website for full details)

  • Florida Driver's License or Florida ID card for all owners residing on the property.
  • Social Security Number
  • Permanent Resident Card (Non-US Citizens)
  • Proof of Florida Residency - (Examples may include: Florida voter registration, Florida vehicle registration, Employment Verification, Bank Statement, School location for dependent children, Proof of payment for utilities)

Each local county property appraiser website will have full details regarding applying in your county of residence and E-File:

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