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HOMESTEAD EXEMPTION
Homestead Exemption & Property Tax Guide
Florida offers valuable property tax reductions—save $1,000+ annually!
What is Homestead Exemption?
Florida's Homestead Exemption can reduce your property's taxable value by up to $50,000, saving you hundreds or thousands of dollars annually in property taxes. This is one of Florida's most valuable homeowner benefits!
$50,000
Exemption Amount
$1,000+
Average Annual Savings
March 1
Application Deadline
Who Qualifies
Basic Requirements
- Florida resident as of January 1st
- Property is your primary residence
- You own the property
- Property is not classified as commercial
Additional Benefits
- Save Our Homes (SOH) cap on assessed value increases
- Portability to new Florida home
- Additional exemptions for seniors, veterans, disabled
- Creditor protection (up to value limit)
Step-by-Step Application Process
1
Complete Form
Fill out application online or in person
2
Gather Documents
Driver's license, deed, voter registration
3
Submit by March 1
Deadline for current tax year
4
Auto-Renewal
Automatically renews each year
Example Savings Calculator
Property Value
$250,000
Estimated Savings
$833/year
Property Value
$350,000
Estimated Savings
$1,167/year
Property Value
$500,000
Estimated Savings
$1,667/year
* Based on average millage rate. Actual savings may vary.