One of the great benefits to home ownership in Florida is the Homestead Exemption. If you own a Florida home that is your permanent residence, you are likely eligile to the $50,000 entitlement.
The exemption allows for $50,000 to be subtracted to the assessed value of the home prior to the calculation of taxes. Once a home is homesteaded, it is protected under the "Save our Homes" cap, which stipulates the property's assessed value cannot increase more than 3% per year, a protection that greatly benefited homeowners during the recent boom.
In order to qualify:
* You must hold title to the property
* You must reside in the property (more than 6 months per year)
* You must be a permanent resident of the State of Florida
You must apply in person at the property appraisers office (information below) before March 2nd of the qualifying year in order to receive the exemption.
You will need to bring the following items, which must have been obtained before January 1 of the qualifying year. If a husband and wife reside in the home, these items are required of both.
* Tax bill or deed
* Florida drivers license
* Florida Voters Registration Card or Declaration of Domicile
* Florida Automobile Registration
* Social security number
Resident aliens must present their Permanent Alien Card along with a Declaration of Domicile.
Applications are taken Monday through Friday at one of the following Property Appraiser offices:
2001 Adams Lane, Sarasota FL 34237 (941) 951-5650
4000 South Trail, Room 115, Venice FL 34293 (941) 492-3030
www.SarasotaProperty.net
Subscribe to:
Post Comments (Atom)
Posts
1 comment:
Your blog keeps getting better and better! Your older articles are not as good as newer ones you have a lot more creativity and originality now keep it up!
Post a Comment