Florida residents may apply for a special property tax exemption on your main residence (homestead). This exemption can reduce the taxable value of your home by up to $50,000.
New home buyers in Florida need to keep in mind this exemption does not automatically transfer with a property when it is purchased.
Also, when you purchase a new home, check the current homestead exemption status at the time of purchase. There are additional exemptions including exemptions for disability, for blind persons, for totally and permanently disabled persons, disabled veterans, widows and others. This is not an all-inclusive list, check the Brevard County Property Appraiser web site.
The annual regular filing period for this exemption is January 1 to March 1 each year. The nice thing about filing homestead exemption – as long as there are no changes in your status, there is no need to file again! No need to file in person, do it online.
Check the Brevard County, Florida property appraiser web site for more information on homestead exemptions and property taxes.