Homestead Exemptions–File Now; Here’s How
It is time for Florida residents to start thinking about filing for homestead exemption. In Michael Saunders & Co.’s first newsletter of 2018, we broke down the benefits and requirements of this money saving measure. Here is a little refresher, so you can check it off your list.
Benefits of Filing Homestead Exemption
By filing for homestead exemption, you are entitled to a deduction of $25,000 off of your property’s assessed value. This can result in saving several hundred dollars in taxes! If your home is worth at least $75,000 you will receive an additional $25,000 deduction on your property’s assessed value. You may also qualify for additional homestead exemptions if you are 65 years or older or have a disability. But most importantly, by filing for homestead exemption, this means that the assessed value of your property cannot increase more than 3% per year. These tax savings can now be transferred to a new Florida residence in case you move. For more details about homestead exemption, please visit your county’s property appraiser’s website.
In order to file for Homestead Exemption, you MUST be a permanent Florida resident and occupy the property as of January 1, 2018, or have beneficial interest under a 98-year lease or life estate.
Deadline for filing Homestead Exemption in all counties is March 1, 2018
What to Bring
May vary by county, check your county’s property appraiser’s website for more details.
- A recorded deed for your homestead property
- Tax bill for your homestead property
- Florida driver’s license or Florida state-issued ID
- Social Security Numbers for yourself (and spouse if married)
- If not a U.S. citizen, your Alien registration card
- Florida vehicle registration
- Declaration of Domicile or Florida voter registration
- Copy of entire trust agreement if property is held in a trust
Where and How to File For Homestead Exemption
You may file online*, by mail, or in person at:
CHARLOTTE COUNTY PROPERTY APPRAISER
410 Taylor Street • Punta Gorda, FL 33950
18500 Murdock Circle • Third Floor • Port Charlotte, FL 33948
6868 San Casa Drive • Englewood, FL 34224
*Note filing on-line will require more information and documentation
than filing in person.
LEE COUNTY PROPERTY APPRAISER
Address: 2480 Thompson Street • Fort Myers, FL 33901
SARASOTA COUNTY PROPERTY APPRAISER
2001 Adams Lane • Sarasota, FL 34237
4000 S. Tamiami Trail, Suite 115 • Venice, FL 34293
4940 City Hall Blvd, Room 128A • North Port, FL 34286
MANATEE COUNTY PROPERTY APPRAISER
Address: 915 4th Avenue W. • Bradenton, FL 34205
DESOTO COUNTY PROPERTY APPRAISER
Address: 201 East Oak Street, Rm 102 • Arcadia, FL 34266
We wish to emphasize that the information herein is general and you may want to consult with an attorney for further advice as to how these various alternatives apply to you individually.
Contact MSC Title at 941-552-5211 for local experienced staff and full-service coordination backed by America’s largest underwriters.