Call Us: 407.437.5805 info@homeshapeinspections.com
HOMESHAPE Inspections
  • Home
  • Your Home Inspection
  • Your Report
  • Resources
  • About
  • For Agents
  • Services & Fees
    • New Build Complete Inspection
    • Pre-Drywall Inspection
    • Buyers Home Inspection
    • Pre-listing Home Inspection
    • Final Home Inspection
    • 11 Month Warranty Inspection
    • Hurricane Damage Inspection
  • Contact
  • Schedule Your Inspection
  • Menu Menu

Save Cash with Florida’s Homestead Exemption.

Homeowner Guides
Save Cash with Floridas Homestead Exemption.
Table of Contents hide
1 Florida’s Homestead Exemption.
1.1 How the Homestead Works?
1.1.1 There Are Some Qualifications, Though.
1.1.2 When Should You File? Now… Not Later.
1.2 Where Do You Submit Your Homestead Exemption?
1.3 Other Additional Florida Homestead Tax Exemptions.
1.3.1 Get a Florida Home Inspection Quote Today.

First-time homebuyers, take note! This is a mistake I made and I did not correct it until my 3rd year of being a homeowner. You should not forget to apply for this exemption.

Florida’s Homestead Exemption.

Let’s go over some basic information about Florida’s homestead exemption. The Florida Homestead Exemption allows thousands of homeowners to save money on their property taxes each year. Getting the exemption can lower a home’s taxable value by as much as $50,000, which means a lower annual tax bill. Furthermore, the property tax exemption does not impact the value of the property in the marketplace.

How the Homestead Works?

  • Homestead Exemption is a tax reduction for homeowners who make their property their permanent residence. This exemption could reduce the taxable value of your residence by up to $50,000 if approved. The first $25,000 of the exemption applies to all taxing authorities. This second $25,000 exemption excludes School Board taxes and applies to properties assessed between $50,000 and $75,000 in value. As a result, the homeowner would enjoy substantial savings on the taxes levied on their property by the various taxing authorities.

  • A property’s assessed value cannot increase by more than 3% per year after it receives homestead exemption or the consumer price index increases, whichever is less. The consumer price index for 2021 is 1.4%.

  • Homeowners must file an initial application once they have moved into their property. The Homestead Exemption will be automatically renewed each year and a renewal receipt will be mailed to the homeowner if their exemption status hasn’t changed. (i.e. mailing address, marital status, etc.). It is, however, the responsibility of the owner to notify the Property Appraiser of any change in their exemption status. Florida law requires the filing of a new application when any title change is made.

There Are Some Qualifications, Though.

PLEASE NOTE: These requirements may vary from county to county in the State of Florida. Always check with your local property appraiser or tax authority.

  • The applicant must be a U.S. citizen or have a Permanent Resident Card (copy of card required)

  • The applicant must be a legal resident of the county the property is located in (copy of Florida driver’s license with current, updated address required)

  • The applicant must have recorded legal or beneficial title to the property on which they are applying.

  • The applicant must maintain the property as their permanent legal home or the permanent home of a person who is legally or naturally dependent on them.

When Should You File? Now… Not Later.

  • January 1st through March 1st – Regular Filing time (For the current tax year)

  • March 2nd through December 31st – Prefiling (For the upcoming tax year)

  • Don’t forget; The Homestead Exemption will be automatically renewed each year and a renewal receipt will be mailed to the homeowner as long as NO changes have occurred to their exemption status.

Where Do You Submit Your Homestead Exemption?

  • All homestead exemption applications (Form DR501) and other required documentation will need to be submitted to your local county property appraiser.

  • This link will take you to Florida’s Department of Revenue Local Officials Directory. Here you can find each county’s property appraiser’s website.

Other Additional Florida Homestead Tax Exemptions.

Additional tax exemptions may be available. Contact your local property appraiser to learn more about exemption eligibility. The following are some examples drawn from local counties:

  • Limited Income Senior Exemptions

  • Disabled Veteran / Military Exemptions

  • Total / Permanent Disability

  • Total / Permanent Disabled First Responders

  • Widowed (surviving spouse)

  • Save Our Homes (SOH)

Get a Florida Home Inspection Quote Today.

If you are considering buying a home in Central Florida to use as your primary residence, you will need a home inspection from a state-licensed inspector. Get a free quote for your home inspection today from HomeShape Inspections. Before making one of the largest investments of your life, you should know the shape of your home.

 

Schedule Your Inspection
August 25, 2022/0 Comments
Share this entry
  • Share on Facebook
  • Share on Twitter
  • Share on WhatsApp
  • Share on Pinterest
  • Share on LinkedIn
  • Share on Tumblr
  • Share on Vk
  • Share on Reddit
  • Share by Mail
https://d2mejsoa8tvo2o.cloudfront.net/wp-content/uploads/sites/80/2022/09/27192211/Save-Cash-with-Floridas-Homestead-Exemption..jpeg 1348 1500 Spectora https://d2mejsoa8tvo2o.cloudfront.net/wp-content/uploads/sites/80/2022/09/27224920/HOMESHAPE-Inspections-new-logo-e1662777555884.png Spectora2022-08-25 19:22:052022-10-14 05:46:19Save Cash with Florida’s Homestead Exemption.
0 replies

Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Latest Posts

  • unnamed 2
    How Much Does a Home Inspection Cost in Florida?August 16, 2023 - 2:00 pm
  • GFCI Outlet
    What is a GFCI and Why is it Required?February 2, 2023 - 6:02 am
  • Man installing gutter system
    All Around the House: Is a Gutter System Right For You?January 27, 2023 - 6:43 am
  • building permit search
    Florida Building Permit SearchJanuary 1, 2023 - 11:59 am

You’re not just buying an inspection.

You’re buying peace of mind.

Schedule Today

Scheduling Your Inspection Has Never Been Easier

Military, Veterans & First Responders Offer – $100 Off for Comprehensive Home Inspections

Thank you for choosing HOMESHAPE Inspections! Call 407.437.5805 for a quote, or schedule completely online below!

When you schedule your home inspection online, you will receive a confirmation email.

Proudly Providing Home Inspection Services for Orlando

HOMESHAPE Inspections provides inspections, including Pre-Drywall Inspection, New Construction Inspection, 11-Month Warranty Inspections, Mold Inspections, Mold Testing, Buyers’ Comprehensive Home Inspections, Pre-Listing Inspections, Investor Inspections, Walkthrough Consultations, Four-Point Inspections, Wind Mitigation Inspections, and more. We proudly serve: Orlando • Sanford • Lake Mary • Heathrow • Winter Park • Casselberry • Oviedo • Winter Springs • Altamonte Springs • Apopka • Lake Hart • Bay Hill • Winter Garden • Wedgefield • Belle Isle • Kissimmee • Lake Nona • Montverde • Oakland • Windermere • Surrounding Areas

Contact Us

We love hearing from you anytime!
Call, text or email us if you have any questions or use the online scheduler to set up a home inspection.

407.437.5805

info@homeshapeinspections.com

Trusted & Licensed

ashi badge edited fabi e1660790959134 Internachi certified bbb seal

  • Licensed & Experienced

    Certified Professional Inspector: NACHI21102505
    Florida State License Number: HI14463
    American Society of Home Inspectors MEMBER ID: 268997
    FABI MEMBER Florida Association of Building Inspectors
    InterNACHI Orlando Chapter Founder

Military, Veterans & First Responders Offer – $100 Off for comprehensive home inspections

© Copyright HOMESHAPE Inspections | Website by Spectora | Privacy Policy
  • Instagram
  • Facebook
How HOMESHAPE Inspections Provides Mold InspectionsFLIR Thermal Camera Home InspectionNever DIY these 3 Home RepairsNever DIY these 3 Home Repairs
Scroll to top
custom logoHOMESHAPE InspectionsHOMESHAPE Inspections
5 Stars - Based on 100+ User Reviews
×
merber merber8/25/2023
Howard scheduled my inspection within two days and was so accommodating to my special circumstances. He answered all my... read moreHoward scheduled my inspection within two days and was so accommodating to my special circumstances. He answered all my questions and gave great advice. Inspection reports were available the next day! Process was easy and painless. Far less time than I expected to complete. Overall great experience and definitely recommend! read less
Google Logo
DANIELA POP8/24/2023
One step above professional! From the first phone call to the report and follow up Howard was very responsive, easy... read moreOne step above professional! From the first phone call to the report and follow up Howard was very responsive, easy and pleasant to work with. He's very thorough and takes his time to show and explain things in the house. I would highly recommend him!!! read less
Google Logo
DJ Oglesby8/15/2023
Called at the last-minute, had the inspection setup under a few minutes and it had to be on a... read moreCalled at the last-minute, had the inspection setup under a few minutes and it had to be on a Saturday to boot . Showed up Walk us to the whole progress. Very knowledgeable got straight down to business and results was very fast will definitely recommend him to my friends and family. read less
Google Logo
Ingram Barlow8/15/2023
Totally professional in every way. Great experience.
Google Logo
Adama Diop8/15/2023
Howard was very thorough.
Google Logo
Kyle Baker8/08/2023
Howard did a great job on my home inspection! He was on time, thorough and explained everything to where I... read moreHoward did a great job on my home inspection! He was on time, thorough and explained everything to where I could understand the major and minor concerns. I would certainly recommend him to my colleagues, friends, family and clients. When purchasing a home it is very important to me to have an honest home inspector that has my interests in mind. 5 Stars! read less
Google Logo
Carlos Jimenez8/08/2023
Howard was very professional and knowledgeable. He assisted us during our pre-drywall inspection in a new construction and he explained... read moreHoward was very professional and knowledgeable. He assisted us during our pre-drywall inspection in a new construction and he explained to us his process and he was able to find many things the builder missed to complete properly. read less
Google Logo
Todd Marinos8/08/2023
Highly professional. Scheduled quickly. Very personable and explained things thoroughly. Really seems to know his profession.
Google Logo
Fredo Barrott7/29/2023
Great company to work with. Howard is knowledgeable and provide excellent service.
Google Logo