Hi and welcome to JA. I am Ray and will be the expert helping you today.Here are the homeowner exemption forms you need to file with the county deed records.
There are also other ones you may qualify for , over 65 and disabilities..
In Florida there are numerous financial benefits to having a homestead exemption on your property. On the most basic level, the homestead exemption itself entitles most homeowners to a deduction of $25,000 off of their property’s assessed value, which can result in several hundred dollars in tax savings.
If your home is worth at least $75,000, you will receive an additional $25,000 deduction from your assessed value, although that additional deduction will not apply to school tax levies. Once you establish your right to a basic homestead exemption on your property, you may also qualify for additional homestead exemptions if you are over 65 years old or have a disability.
The receipt of a homestead exemption means that, pursuant to the Save Our Homes Amendment to the Florida Constitution, the assessed value of your homestead property cannot increase more than 3% per year or the percent change in the Consumer Price Index. Moreover, in many cases, this tax savings can now be transferred to a new Florida residence if you move.
Here in Florida while the basic homestead exemption may only save you a few hundred dollars per year, the rights that come with a homestead exemption can be extremely valuable.
Your homestead also also unlimited protection against creditors one of the most liberal in the US.
I appreciate the chance to help you today.Please let me know if you have more follow up.Thanks again.