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Certain property tax benefits are available to persons age 65 or older in Florida. Eligibility for property tax exemp ons depends on certain requirements. Informa on is available from the property appraiser’s office in the county where the applicant owns a homestead or other property.
As a Florida senior, you need to be aware of three different property tax exemptions, each of which will save you up to $800 per year, totaling up to $2400 a year. Let's start with the Standard Homestead Tax Exemption, which you should almost certainly qualify for:
Further benefits are available to property owners with disabilities, senior citizens, veterans and active duty military service members, disabled first responders, and properties with specialized uses. The resources below provide general information on these exemptions and benefits.
Certain property tax benefits are available to persons 65 or older in Florida. Eligibility for property tax exemptions depends on certain requirements. Information is available from the property appraiser’s office in the county where the applicant owns a homestead or other property.
• An exemption not exceeding $50,000 to any person who has the legal or equitable title to real estate, maintains permanent residence on the property, is 65 or older, and whose household income does not exceed the household income limitation; or
What is the Senior Citizen Income Limitation for this Additional Homestead Exemption? As of 2021, the income limitation is $31,100.00 (meaning you cannot qualify for this additional homestead exemption for seniors, if your adjusted gross income exceeds this amount).
The Florida Senior Property Tax Exemption is an additional homestead exemption of up to $50,000 for eligible seniors. This exemption reduces the assessed value of a property, resulting in significant tax savings for homeowners aged 65 and older .
There are currently two Senior Citizen Additional Homestead Exemptions (§ 196.075, FL Statutes) available to limited-income property owners 65 years old or older in Duval County. One requires long-term residency.
If you have the regular Homestead Exemption, are age 65 or older, and you meet certain income criteria, you may qualify for an additional Senior Homestead Exemption. For the County, this exemption is up to $50,000; for the City, the exemption amount is up to $25,000, depending on eligibility criteria and assessed value.
An exemption not exceeding $50,000 to any person who has the legal or equitable title to real estate, maintains their permanent residence on the property, is 65 or older, and whose household income does not exceed the household income limitation.