The March 1st deadline to apply for a Florida homestead exemption is rapidly approaching. If you moved to a new home within the last year, this is a deadline you do not want to miss.
There are numerous financial benefits to having a homestead exemption on your property. On the most basic level, the homestead exemption itself entitles most homeowners to a deduction of $25,000 off of their property’s assessed value, which can result in several hundred dollars in tax savings. If your home is worth at least $75,000, you will receive an additional $25,000 deduction from your assessed value, although that additional education will not apply to school tax levies.
Office : 561.659.5113
220 Sunrise Ave
Palm Beach, FL 33480