Florida Homestead Tax Exemption Deadline

 

 

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:

  • E-File
  • 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
  • Visit one of five service centers to file in person.
ADDITIONAL INFORMATION
 
Call for more details on any of our listings today!

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


 

Listed Exclusively by Tina Fanjul Associates
561.659.5113
office@fanjulrealestate.com
Copyright © 2018 Tina Fanjul Associates, All rights reserved.

Our mailing address is:
220 Sunset Avenue, Ste. 103
Palm Beach, FL  33480

 

 

By |2019-02-05T19:30:29+00:00February 5th, 2019|Featured, home page, news|