Time Is Running Out To File Your Homestead Exemption

Gail Lagges blog, Home Buying Tips, Homeowner Information Leave a Comment

March 1st , 2022 is the last day for people who purchased their primary Florida residence in 2021 or earlier to file for homestead exemption.

What exactly is a homestead exemption?

The Florida homestead exemption is an exemption that can reduce the taxable value of your home by as much as $50,000. It’s offered based on your home’s assessed value and offers exemptions within certain value limits. Specifically:

  • For the first $50,000 in assessed value of your home, up to $25,000 in value is exempted. This exemption applies to all property taxes, including those related to your school district.
  • You pay full taxes on any value between $25,000 and $50,000.
  • For any assessed value between $50,000 and $75,000, an additional $25,000 is eligible for exemption, but this exemption does not apply to school district taxes.
  • For value above $75,000, you pay full taxes.

If I sell my home and buy a new one, do I lose the tax savings I’ve accumulated?

Nope! Florida’s Save Our Homes (SOH) provision allows you to transfer all or a significant portion of your tax benefit, up to $500,000, from a Florida home with a homestead exemption to a new home within the state of Florida that qualifies for a homestead exemption. This is called “Homestead Portability”.

Do I qualify for additional exemptions?

To find out if you qualify for additional exemptions, visit or call your local tax office.

Brevard County 

Indian River County 

St. Lucie 

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