Anyone who has purchased a home in Florida and not yet registered for Homestead but believes they are entitled to receive this exemption should read the following and take action before 1st March, 2009.
Florida law offers several types of property tax exemptions:
Homestead exemption: Available to any resident of Florida who owns and lives in a home in Florida. After a 2008 constitutional amendment, Florida law now offers a $50,000 exemption, although only $25,000 exemption applies to school taxes.
Additional homestead exemption for some Floridians age 65+: If the combined adjusted gross income for federal tax purposes for all persons residing in your household was $25,873 or less in 2008, you may also be eligible for an additional homestead exemption of up to $50,000. Some 59 of Florida’s 67 counties had enacted so-called “senior homestead exemptions” as of 2008, as well as many cities.
Exemptions for widows and widowers, blind persons, persons with disabilities and disabled veterans: These exemptions are for from $500 to $5,000 or up. Please consult the Florida Department of Revenue web site for detailed information.
Tax law can be complex. For more information, it is recommended you to check the information provided on the Florida Department of Revenue’s excellent website or to contact your county property appraiser’s office, listed in the Blue Pages (Government Listings) of your telephone directory.
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