Save money on your property taxes!
If you purchased a home in 2023, it is now time to apply for your homestead exemption.
The homestead exemption is a constitutional benefit that applies a deduction of up to $50,000 to the assessed value of your property. Properties granted homestead exemption will automatically receive the Save Our Homes benefit, which limits your annual property tax assessment increase to 3%. This exemption is granted to individuals who hold title to real property and are legitimate Florida residents, residing in the property and considering it their primary residence as of January 1. This exemption renews annually on January 1st, as long as there are no changes in ownership or in residency.
So, what steps do you need to take to apply for this exemption? Fortunately, there are multiple options available to you. You can choose to file for your homestead exemption via mail, in person, or online at the Lee County Property Appraisers office. It is important to note that the deadline for filing is March 1st.
To ensure a smooth application process, it is crucial to gather all the necessary information and meet the requirements for filing. You can find detailed information and the specific requirements for filing on the official website mentioned above.
By taking advantage of the homestead exemption, you can significantly reduce the assessed value of your property, ultimately leading to potential tax savings.
In conclusion, if you purchased a home in 2023, it is essential to file for your homestead exemption. This constitutional benefit allows you to receive a significant exemption from the assessed value of your property. Remember to submit your application before March 1st through mail, in person, or online. Take the time to review the requirements and gather all necessary information to ensure a successful application. Don’t miss out on the potential tax savings!