Is Florida Going to be Your Primary Residence? If so, don’t miss out on huge tax savings! If you qualify for homestead exemption, you are entitled to a deduction of $25,000 off of your property’s assessed value. This can result in saving several hundred dollars in taxes! If your home is worth at least $75,000 you will receive an additional $25,000 deduction on your property’s assessed value. You may also qualify for additional homestead exemptions if you are 65 years or older or have a disability. But most importantly, by filing for homestead exemption, this means that the assessed value of your property cannot increase more than 3% per year. This tax savings can now be transferred to a new Florida residence in case you move. For more details about homestead exemption, please visit your county’s property appraiser’s website. IMPORTANT ANNOUNCEMENT – In order to file for Homestead Exemption you MUST be a permanent Florida resident and occupy the property as of January 1, of the tax year you are qualifying for or have beneficial interest under a 98 year lease or life estate. DEADLINE FOR FILING HOMESTEAD EXEMPTION IN ALL COUNTIES IS MARCH 1.
Where And How To File For Homestead Exemption You may file online*, by mail, or in person with your county’s PROPERTY APPRAISER:
Underwritten by First American Title Insurance Company and Chicago Title Insurance Company.
CORPORATE OFFICE 1605 Main Street, Suite 500 941.552.5211 SARASOTA 1605 Main Street, Suite 101 941.552.5211 BRADENTON 4400 Manatee Avenue W, Bradenton, FL 34209 941.748.6300 LAKEWOOD RANCH 8325 Lakewood Ranch Blvd, Lakewood Ranch, FL 34202 941.487.5300 SIESTA KEY 5100 Ocean Blvd, Sarasota, FL 34242 941.444.2866 PALMER RANCH 8660 S Tamiami Trail, Sarasota, FL 34238 941.441.0052
MANATEE COUNTY
VENICE 110 Nokomis Avenue N, Venice, FL 34285 941.441.2500
CHARLOTTE COUNTY DESOTO COUNTY
ENGLEWOOD 1200 S McCall Road, Englewood, FL 34223 941.473.7750
SARASOTA COUNTY
LEE COUNTY
*Note: filing online will require more information and documentation than filing in person.
This is for informational purposes only and is not intended as legal advice nor opinion. For legal advice or opinion, seek the advice of a licensed attorney.
PUNTA GORDA 101 Taylor Street, Punta Gorda, FL 33950 941.639.0000
To obtain a quote or order title insurance, visit msctitle.com or call 941.552.5211