Homestead Tax Exemption – The Clock is Ticking!
If you own property and it is your permanent residence (for either yourself or your dependent), that may provide for eligibility for an exemption of 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 [Section 196.031, Florida Statutes].
This is a wonderful benefit of Florida residency. Just a simple application providing pertinent detail needs to be submitted for approval.