HOMESTEAD

All legal Florida residents are eligible for a Homestead Exemption on their homes, condominiums, co-op apartments, and certain mobile home lots if they qualify. The Florida Constitution provides this tax-saving exemption on the first and third $25,000 of the assessed value of an owner/occupied residence. While a complicated formula is used to explain this -- as the additional $25,000 only applies to the non-schools portion of your tax bill -- the bottom line is that the basic homestead exemption saved a Broward homeowner in 2021 anywhere from $656 to $1,041 (depending upon your city's millage rate) in annual tax savings for all homes with a value of $75,000 or higher.

You are entitled to a Homestead Exemption if, as of January 1st, you have made the property your permanent home or the permanent home of a person who is legally or naturally dependent on you. By law, January 1 of each year is the date on which permanent residence is determined.

The timely filing period for Homestead Exemption is March 2 (current year) through March 1 (following year). The absolute deadline to LATE FILE for any exemption -- if you miss the March 1 timely filing deadline -- is September 19. State law (Sec. 196.011(8), Fla. Stat.) does not allow late filing for exemptions after this date, regardless of any good cause reason for missing the late filing deadline.

For information on Homestead Portability please click here!

FOR MORE INFORMATION and what you need when filing for Homestead in Broward County please click here!