Tuesday, January 21, 2020 / by Jordana Tobel
While it’s a complicated formula – you receive a tax exemption on the first and third $25,000 of the assessed value – the bottom line is that the average savings South Florida is between $600 and $1100 dollars in annual savings.
You are entitled to a Homestead Exemption if, as of January 1st, you have made the property your permanent home.
The deadline to file is March 2nd. In order to file, you must bring proof of ownership (such as the recorded deed) and proof of permanent Florida residence.
If you have any questions on how this works, feel free to email me directly or contact your Premier Listings Sales Associate.