by AgentFrances

Monday, January 20, 2014

The Value of Florida Residency: Homestead Exemption

One of the benefits of Homestead Property:

Every person who owns and resides on real property in Florida on January 1 and makes the property his or her permanent residence is eligible to receive a homestead exemption up to $50,000. The first $25,000 applies to all property taxes, including school district taxes. The additional exemption up to $25,000, applies to the assessed value between $50,000 and $75,000 and only to non-school taxes.


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