Found 1 blog entry tagged as Taxes.

Property Tax Exemption for Homestead Property - What is it?

TaxesIf you own property in Florida as a permanent residence, then you may be eligible to receive a homestead exemption. The homestead exemption, in most cases, grants an $50,000 exemption from the assessed value of your house for tax purposes. This valuable benefit could save you close to $1,000 per year in property taxes. Additionally, the assessed value (the value the Property Appraiser uses to calculate the property tax) of your home cannot increase by more than 3% per year.

What you need to file

For first time filers, the deadline to file is March 1 for that year's taxes. Once you are granted Homestead Exemption, it automatically renews. You should be prepared to answer these questions:…

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