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The Florida Homestead Exemption: What You Need to Know

February 25, 2022

Our real estate agents handle hundreds of thousands of transactions each year for people just like you in six counties in Florida. Our offices are in the following counties: Hernando, Hillsborough, Highlands, Polk, Pasco and Pinellas. We have a list of the homestead websites below to make things super easy for you – or you can reach out to your agent for their assistance, too!

The Florida Homestead Exemption is a valuable tax break that can reduce your taxable value on your home by thousands of dollars. Here’s what you need to know about the exemption:

What is the maximum amount of the exemption?

The exemption amount varies depending on your local taxing authority, but can be as much as $50,000.

Who is eligible for the exemption?

The Florida Homestead Exemption is available to all homeowners in the state.

How do I apply for the exemption?

You can apply for the exemption at your local property appraiser’s office.

Resources for you: Property Appraiser websites for the six counties our agents serve in the Sunshine State!

What is the Florida Homestead Exemption

The Florida Homestead Exemption is a property tax exemption that reduces the taxable value of a home by the amount of the exemption. The exemption is available to all homeowners in Florida, and can be as much as $50,000. To apply for the exemption, you can visit your local property appraiser’s office or their website.

What are the benefits of the exemption?

The Florida Homestead Exemption can save you thousands of dollars in property taxes each year. In addition, the exemption can also protect your home from being taxed at a higher rate if it is assessed at a higher value. And if you move, the exemption will still apply to your new home if it is your primary residence.

Who is eligible for the exemption?

The Florida Homestead Exemption is available to all homeowners in the state. You do not need to be a certain age or have a certain income to qualify for the exemption. The only qualification in place is that the home is your primary residence.

The amount of the Florida Homestead Exemption varies depending on your local taxing authority, but it can be as much as $50,000. This can save you a significant amount of money on your property taxes each year.

You can claim the Florida Homestead Exemption starting on the day that you purchase your home. The exemption will remain in effect for as long as you own the home.

Thank you for reading our blog on the Florida Homestead Exemption. In short, this exemption can save you a lot of money on your property taxes each year, and is available to all homeowners in Florida. Be sure to apply for the exemption at your local property appraiser’s office! If you purchased a home using the help of a Berkshire Hathaway HomeServices Florida Properties Group agent, they can help get you the appropriate documents and lead you in the right direction to get this taken care of before the deadline – which is typically in March!

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