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Homestead Exemption

Buyer Beware

The Homestead Exemption saves property owners thousands of dollars each year. Do not jeopardize your Homestead Exemption by renting your property.

The Homestead Exemption is a valuable property tax benefit that can save homeowners up to $50,000 on the taxable value of their primary residence.

  • The first $25,000 of this exemption applies to all taxing authorities.
  • The second $25,000 excludes School Board taxes and applies to properties with assessed values greater than $50,000.
  • Amendment 5 was approved by Florida voters in the November 5, 2024, general election. This amendment to The Florida Constitution amended Florida law to add an annual positive inflation adjustment based on the Consumer Price Index (CPI) to the second $25,000 homestead exemption for properties which assessed value are between $50,000 and $75,000. This second homestead exemption is applicable to all levies except school district levies. See section 196.031, F.S. 
  • This amendment became effective January 1, 2025, and will begin with the 2025 tax year assessments. This means that the value of new and existing homestead exemptions for 2025 will reflect an exemption amount of $50,722 for tax year 2025. Each subsequent year, the exemption amount will be recalculated based on the Consumer Price Index (CPI).

Requirements

To qualify for a Homestead Exemption, a property owner must have:

  • Legal/equitable title as of January 1. If the title is held in a trust, a copy of the trust document must be provided.
  • Permanent residence on the property as of January 1. One of the following must be provided:
    • A valid Florida driver's license or ID card
    • Florida vehicle registration
    • Florida voter's registration
    • Prior year’s IRS return or current W-2 form
    • Bank statements and checking account registered at the property
    • Proof of payments for utilities at the property
    • Recorded Declaration of Domicile

The owner (or others legally or naturally dependent upon such person) must be a U.S. citizen or permanent U.S. resident and Florida resident as of January 1.

Second Homestead Exemption

A second Homestead Exemption is automatically granted for properties assessed at $50,000 or greater.

If the assessed value of your property is $50,000 or less, the property will not receive the second Homestead Exemption.

This second Homestead Exemption does not apply to the School Board portion of your taxes, which can be up to 40% of the tax bill.