If you just moved to Florida, you may not know about Homestead exemption and how it can save you money on taxes.
What is a Homestead Exemption in Florida?
Homestead Exemption is a tax reduction allowable to homeowners who make their property their permanent residence. If approved, this exemption could reduce the taxable value of your residence by up to $50,000. The first $25,000 of this exemption applies to all taxing authorities. The second $25,000 of exemption excludes School Board taxes and applies to properties with assessed values between $50,000 and $75,000. As a result, the homeowner would enjoy a substantial savings on the taxes levied on their property by the various taxing authorities.
How to file homestead exemption in Florida by County:
The deadline for filing Homestead Exemption is March 1st. Owner is responsible for filing on time and filing can be done online, in person, or via mail. I prefer to do it online because its quick and secure.
The deadline to file is Mar. 1
Orange County:
- File Online – It’s Safe, Secure and Easy! In order to file on-line, you must have received a Homestead Letter from our office with your individually assigned User-Login and Password. You should receive this packet approximately 4 to 6 weeks following your real estate closing. If you misplaced it, you can request another one.
- File by Mail/Fax – Download and file.
- File in Person – Orange County has Satellite Offices which open Jan.11, 2016 and close Feb, 20, 2016? They are located conveniently across Orange County. Click here to see which location is near your home or workplace.
Seminole County Florida:
- File Online
- Download Application and File via Mail
- File in Person at Main Office: Hours: 8:00 a.m. – 5:00 p.m., Seminole County Services Bldg., 1101 East First Street, Sanford Florida
