Found 2 blog entries tagged as homestead exemption.

What Central Florida Homeowners Should Know About Additional Property Tax Benefits

Blog Author: Jen Durben | The Funk Collection, Brokered by eXP Realty

Florida property owners may be eligible for several property tax benefits. The most widely known is the Homestead Exemption, which can reduce a home's taxable value by up to $50,000. What Central Florida homeowners and buyers may not know is that additional property tax exemptions, discounts, and assessment reductions may also be available. This guide explores several of those benefits:

  • Limited-Income Senior Exemption
  • Widow or Widower Exemption
  • Disability and Blindness Exemptions
    • $5,000 Disability and Blindness Exemptions
    • Total and Permanent Disability Exemptions
  • …

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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…

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