Who qualifies for the Florida Homestead Exemption? Learn the requirements, deadlines, and benefits for Florida homeowners—and how to make sure you don’t miss valuable tax savings.
One of the most common questions Florida homeowners ask is who qualifies for the Florida Homestead Exemption. Understanding the qualifications can help you avoid missing out on valuable property tax savings.
So, who qualifies for the Florida Homestead Exemption?
If your Florida home is your permanent residence and you owned the property by January 1st, you may qualify.
To be eligible, you must:
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Own the property and use it as your primary residence
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Be a Florida resident as of January 1st
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Apply with your county Property Appraiser’s Office
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Submit your application by March 1st
The Florida Homestead Exemption can reduce the taxable value of your home by up to $50,000, helping lower your annual property tax bill. It may also provide long-term benefits, including limits on how much your assessed value can increase each year.
It’s important to know that qualifying does not mean you’re automatically enrolled. Even if you meet all the requirements, you must file an application to receive the exemption. This is especially important for new homeowners in the Fort Myers real estate and Cape Coral real estate markets.
As a trusted Fort Myers title company, Title Junction is committed to helping homeowners understand their rights and benefits. If you’re unsure who qualifies for the Florida Homestead Exemption or need help filing, we’re here to support you.
More guidance is coming soon—including free Homestead filing help days for our Southwest Florida community.
Call Title Junction, LLC at (239) 415-6574 to close your real estate transaction feeling confident and safe with help from their professional title services.
Title Junction is a full service real estate title company serving the area of Fort Myers, Cape Coral and the entire state of Florida since 2005. The company handles a number of real estate title services for both commercial and residential properties.
Have questions? Give us a call at 239.415.6574.
In case you missed it, check out our last Title Junction post: Why Filing for Homestead Exemption Is a Smart Financial Move