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Homestead Exemption
State law allows Florida homeowners to claim up to a $50,000
Homestead Exemption on their primary residence.
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The first $25,000 of this exemption applies to all taxing
authorities.
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The second $25,000 excludes School Board taxes and applies
to properties with assessed values greater than $50,000.
All Property Tax Exemption Applications are due on or before
March 1.
See:
Filing a
Timely Homestead Exemption Application
Automatic Renewal
Once an application has been approved, the exemption will
automatically renew annually until the property is sold, is no longer
the homeowner's primary residence, or the exemption holder requests that
it be removed.
Note: The
Homestead Exemption for Seniors with Limited Income and
Granny Flat Assessment Reduction do not automatically renew.
It is the duty of the owner of any property with an exemption to
promptly notify the Office of the Property Appraiser if use of the
property or the status or condition of the owner changes in ways that
affect the legitimacy of the exemption (Florida Statutes 196.131 and 196.161
).
See: How to
Cancel Your Homestead Exemption and file the Exemption
Cancellation Form to notify the Office of the Property Appraiser of
these changes.
Note: A suspected homestead exemption fraud
may be reported to the Property Appraisal Homestead Exemption
Investigation Unit by calling 3-1-1.
All property owners with a homestead exemption are mailed an
automatic Residential
Renewal Receipt as a courtesy notice each year. If you
still qualify for the exemptions listed on the receipt, then you do not
have to do anything else. Retain the receipt for your records.
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If your status has changed (you no longer qualify for any
one of the exemptions listed on the receipt), you must
indicate which exemptions you are canceling, sign, date and
mail the receipt back to the Office of the Property
Appraiser .
See:
Homestead Exemption - Changes in Status
Penalties for Unreported Change in Status
If any of these changes occurs and the owner fails to notify the
Office of the Property Appraiser, the property owner can be
back-assessed for 10 years of exempted taxes, plus 15% interest per
annum and a penalty of 50% of the taxes exempted. |