Homestead exemptions are exemptions from real estate property taxes that homeowners can claim. According to the Florida Department of Revenue, every person who owns and resides on real property in Florida on January 1st of each calendar year and makes the property his or her permanent residence 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.
To qualify for homestead, you must reside on the property as of January 1st of each calendar year. However, the deadline for filing is March 1.
Your property appraiser may ask for any of the following items to prove your residency:
- Florida Driver’s License or Florida ID Card
- Voter’s Registration Card in the County the Property is Located
- Florida Vehicle Registration
- Permanent Alien Card (If You Are Not a US Citizen)