Homestead Exemption

Homestead exemption in Florida is a tax relief program that allows residents to reduce the taxable value of their home for the purpose of property taxes. In order to qualify for the homestead exemption, individuals must own the property as of January 1 and must be a Florida resident. Additionally, the property must be the primary residence of the owner. This means that the owner must live in the property for at least six months of the year and have made the property their permanent residence. To apply, applicants must provide proof of ownership, residency and other necessary documentation. Once the application is approved, the homestead exemption will remain in effect as long as the applicant continues to meet the requirements.