What is Homestead Exemption?
For those that have a permanent residence in Florida, Homestead exemption reduces the taxable value of that property by up to $50,000.
Who Can File?
Every person who owns real property in Florida on January 1 and makes the property his or her permanent residence, or the permanent residence of their dependent, is eligible to receive a homestead exemption up to $50,000. The first $25,000 applies to all property taxes, including school district taxes. The additional exemption up to $25,000, applies to the assessed value between $50,000 and $75,000 and only to non-school taxes.
When Should You File?
You may file for homestead at anytime but for the current year you must register by March 1st.
Where You Should File?
The application for homestead exemption (Form DR-501) and other property tax forms are posted on the form page of the Florida Department of Revenue and on most property appraiser’s websites. Click here for county property appraiser contact and website information. Some county sites have quick and easy online applications.