When someone owns property and makes it his or her permanent residence or the permanent residence of his or her dependent, the property owner may be eligible to receive a homestead exemption that would decrease the property's taxable value by as much as $50,000.
The total household income limitation is the same for both exemptions. It is made available by the Florida Department of Revenue annually and subject to change each year. The adjusted income limitation for the 2024 exemptions is $36,614.
Applicants must qualify for, or currently receive a homestead exemption. Applicants must meet the limited income requirements and submit a Household Income Sworn Statement and Return (Form DR-501SC) when applying for the first time. Applicants must provide adjusted gross income for all people residing in the house.
Homestead Exemption: Every person who has legal or equitable title to real property in the State of Florida and who resides thereon and in good faith makes it his or her permanent home is eligible to receive a homestead exemption of up to $50,000. The first $25,000 applies to all property taxes.
You are 65 years of age, or older, on January 1; You qualify for, and receive, the Florida Homestead Exemption; Your total 'Household Adjusted Gross Income' for everyone who lives on the property cannot exceed statutory limits.
Certain property tax benefits are available to persons age 65 or older in Florida. Eligibility for property tax exemp�ons depends on certain requirements. Informa�on is available from the property appraiser's office in the county where the applicant owns a homestead or other property.
Senior Citizen Exemption You are 65 years of age, or older, on January 1; You qualify for, and receive, the Florida Homestead Exemption; Your total 'Household Adjusted Gross Income' for everyone who lives on the property cannot exceed statutory limits.
Who qualifies for a senior property tax exemption? he eligibility criteria for senior property tax exemptions vary by location. Generally, they are available to homeowners who are at least a certain age (often 65 or older) and meet specific income or property value requirements.