Filing the Florida Home Exemption

Did you know?

When you make a Florida property your permanent residence, you may be eligible to receive an exemption that keeps you from paying tax on a certain portion of your property’s assessed value. If your home is worth at least $75,000, the exemption would decrease the property’s taxable value by $50,000.

The homestead exemption qualifies the home for the Save Our Home assessment limitation. This “cap” limits any increase to the assessed value of a homestead exempt property to a maximum of 5% of the annual change in the Consumer Price Index, whichever is less, per year. If eligible, this assessment limitation is now transferable to a new homestead in Florida if you move. You may qualify for additional homestead exemptions, so be sure to check with your Realtor®, Attorney or Estate Planning Professional.

When to Apply?

• Must be a permanent Florida resident on January 1st of the year you claim the exemption.

• The deadline for filing is March 1st.

Required Documents

Below is a list of what is generally required, however, check with the property appraiser’s office before you file:

• Proof of residence • Property Tax Bill (if you have received one) • Florida Driver’s License or Florida Photo Identification Card • Copy of Florida Vehicle Registration • Social Security Number Not a U.S. Citizen? Bring your Resident Alien Card (Green Card) and Social Security Number.

*Tip: Always check with the county property appraiser’s office to confirm the necessary documentation required to file.

Resources

Collier County Property Appraiser's Site (Naples, Marco Island, Goodland, Everglades City, Port of the Islands, Ave Maria, Immokalee)

Lee County Property Appraiser's Site (Bonita Springs, Estero, Fort Myers, Fort Myers Beach, Cape Coral, Lehigh Acres, Sanibel, Captiva)

Download our "Filing the Florida Home Exemption" PDF (Click Image Below)

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