What is Homestead Exemption?

Homestead Exemption is a constitutional guarantee that reduces the assessed value of residential property up to $25,000 for qualified permanent Florida residents.

When may a homeowner apply for homestead exemption?  

As soon as the homeowner occupies the residence as the legal owner and has ...

By Mark Martella, Esq.

     Most homeowners are familiar with the real estate tax benefits of claiming your home as your homestead in that you will get a tax exemption off of the assessed value of up to $50,000. There is also a 3% cap imposed on the ...