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Additional ($25,000) Homestead Exemption

Author johnbsims3
Admin 

#1 - Posted: 29 Jun 2012 10:00 
Additional ($25,000) Homestead Exemption

The additional exemption will be applied automatically to any property that currently is receiving a homestead exemption. This additional exemption does not apply to the school board portion of your taxes, which can be up to 40% of the tax bill. You may not save as much on the additional $25,000 homestead as you did with your existing $25,000 homestead exemption.

You may also apply for other additional exemptions such as widow/widower, disability or senior exemption and qualify for the additional homestead exemption.

The only difference is that the additional homestead exemption will not be applied to the school board portion of the property taxes.

How the additional exemption is calculated

If the assessed value of your property is $50,000 or less, there will be no change in the exemptions for your property. If the assessed value of your property is greater than $50,000, you will receive up to $25,000 for the extra homestead exemption.

Author johnbsims3
Admin 

#2 - Posted: 3 Jul 2012 06:05 
Question

Do current recipients of the homestead exemption have to apply for the additional $25,000 exemption?

Answer

No. The exemption is automatically granted to anyone qualifying for a homestead exemption.

Real Property Ad Valorem Tax Exemption Florida Homestead Services -- Florida Homestead Exemption Act MiniBB / Real Property Ad Valorem Tax Exemption /
Additional ($25,000) Homestead Exemption
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