Florida Homestead
The March 1st deadline to apply for a Florida homestead tax 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!
In the state of Florida, a $25,000 exemption is applied to the first $50,000 of your property’s assessed value if your property is your permanent residence and you owned the property on January 1 of the tax year. This exemption applies to all taxes, including school district taxes. An additional exemption of up to $25,000 will be applied if your property’s assessed value is between at least $50,000 and $75,000. This exemption is not applied to school district taxes. If you’ve already applied, the County will send a receipt of the exemption after January 1st of the year.
It is important to apply because in 1994 the State of Florida established a 3% Save Our Homes Cap (SOH) assessment limit on all residential properties that receive a homestead exemption. The 3% SOH Cap limits any increase to the assessed value of a homestead exempt property for tax purposes to a maximum of 3% each year or the amount of the change in the Consumer Price Index, whichever is lower.
The Taxable Value for a homestead exempt property is the assessed value minus the amount of the exemption or exemptions granted the property owner.
For more information, please call Exemption Services at 561.355.2866.
When qualifying for the Homestead Exemption, you will need the following documents for all property owners applying:
- Florida Driver’s License or Florida ID if you do not drive
- Florida car registration
- Florida Voter’s ID (if you vote)
- Immigration documents if not a U.S. citizen.
- Qualification Information
How do I apply?
You have three options to submit your application:
-
Complete the application online, click here. Print it out and mail to the Palm Beach County Property Appraiser’s Office, Exemption Services, 1st Floor, 301 N. Olive Ave., West Palm Beach, FL 33401
- Additional Information
Call for more details on any of our listings today!
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555 Island Drive $21,900,000
Lot size: 27,878 SF 175′ x 160′
175′ of direct intracoastal
6BR | 7.2 BA | 9,356 TSF
Completely renovated 2008
Perfect for entertaining
Crista Ryan 561.313.1327
NA Indian Road $4,000,000
Lot size: 13,000 SF 100′ x 130′
North end land Opportunity to build to suit
Excellent location
Crista Ryan 561.313.1327
3014 N Flagler Drive $3,000,000
4BR | 3BA
2,715 Living SF | 3,146 TSF
Direct waterfront on oversized lot: 22,750 SF
Updated kitchen & baths
New roof & impact windows
Crista Ryan 561.313.1327
2405 S Flagler Drive $2,800,000
4BR | 3BA
2,970 Living SF | 3,518 TSF
El Cid waterfront Riparian rights
Oversized lot: 19,602 SF
New baths & tile floors
Crista Ryan 561.313.1327
