Apply For Homestead Exemption In Hillsborough County In Washington
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FAQ
Certain property tax benefits are available to persons age 65 or older in Florida. Eligibility for property tax exemp�ons depends on certain requirements.
On , major changes were made to the Washington Homestead law. Under the changes effective , the homestead exemption is based upon the greater of $125,000 or the median value of a single residence for the previous year for the county in which the real property is located subject to requirements.
Washington lets filers use the homestead exemption under either the federal or Washington state exemption system. However, you can't mix exemptions from both lists, so select the system that will protect your most important assets.
Benefit to Homestead Exemption Florida law allows up to $50,000 to be deducted from the assessed value of a primary / permanent residence. The first $25,000 of value is entirely exempt. The second $25,000 exemption applies to the value between $50,000 - $75,000 and does not include a benefit on the school tax.
Qualifying Activity: Own home in Washington for five years; occupy as a primary residence; have combined disposable income of $57,000 or less; and have enough equity to secure the interest of the State of Washington in the property.
