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Valuable Information for Homestead Exemption for Palm Beach County Fl.

By
Real Estate Agent with Lubeck Realty Group SL675447

Do not miss out on your tax saving deadline coming soon.

In the state of Florida, a $25,000 exemption is applied to the first $50,000 of your property’s assessed value if your property is your permanent residence and you owned the property on January 1 of the tax year. This exemption applies to all taxes, including school district taxes. An additional exemption of up to $25,000 will be applied if your property’s assessed value is between at least $50,000 and $75,000. This exemption is not applied to school district taxes.

When qualifying for the Homestead Exemption, you will need the following documents for all property owners applying:
Florida Driver’s License or Florida ID if you do not drive
Florida car registration
Florida Voter’s ID (if you vote)
Immigration documents if not a U.S. citizen.

Documents should reflect the address of your homesteaded property. Homestead Exemption also qualifies you for the 3% Cap Save our Homes (SOH)

How do I apply?

You have three options to submit your application:
E-File
Complete the application online, click here. Print it out and mail to the Palm Beach County Property Appraiser's Office, Exemption Services, 1st Floor, 301 N. Olive Ave., West Palm Beach, FL 33401
Visit one of our five service centers to file in person.


All homestead exemption applications must be submitted by March 1.

Do I need to reapply for a homestead exemption every year?

No. We will renew your homestead exemption annually as long as you continue to qualify for the exemption. Valuable Information for Homestead Exemtion in Palm Beach County Fl.

After January 1 of each year, we will send you a homestead exemption receipt by mail to confirm the renewal. You must contact us if you no longer qualify for the exemption. This may occur because the property is being rented or is no longer your permanent residence, or there is a change in ownership due to a sale, marriage, divorce, death. Failure to notify us could result in a homestead tax lien with a substantial penalty and interest. A change in exemption status does not necessarily mean that your taxes will increase. Please call or email our office so we can help you understand your options.

If you receive a homestead exemption, you may be eligible for additional exemptions or discounts. The application deadline for all exemptions is March 1.

Rental of a Homesteaded Property*

You may rent your homesteaded property for 30 days or less per calendar year and maintain a homestead exemption. Rental for more than 30 days for two consecutive years or for more than six months constitutes abandonment of a homestead exemption.

Exempt property rented after January 1 of any year does not affect the homestead exemption for that particular year. If the property is rented on January 1 of the following year or the terms of the lease are six months or more the exemption will be denied.

Property owners are required to notify the Property Appraiser’s Office when their property no longer qualifies for exemption. Failure to do so could result in a Homestead Tax Lien with substantial penalty and interest.

*Florida Statute 196.061 and 196.011 (9) (a).

Please call our Exemption Services at 561.355.2866 for more information.

Posted by

 

Donald L. Urschalitz, P.A.

 

Realtor email-donaldurschalitz@gmail.com

 

Accredited Buyer Representative

 

Resort & Second-Home Property Specialist

 

BOD Cancer Alliance of Help and Hope

 

Palm Beach County FL

 

 

 

Lubeck Realty Group

 

1250 North Ocean Drive

 

Singer Island, FL 33404

 

p: 561-685-0976

 

website: https://durschalitz.lubeckrealtygroup.com/

 

Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

We are not quite there yet but I am looking forward to claiming my deduction soon.

Feb 03, 2019 08:16 AM
Kathy Streib
Cypress, TX
Home Stager/Redesign

Hi Donald - excellent reminder about the homestead exemption.  I'll bet that many aren't aware of this or at least may have forgotten. 

Feb 03, 2019 04:48 PM
James Dray
Fathom Realty - Bentonville, AR

Morning Donald.

In Arkansas, you have a 350.00 savings on taxes on your home.  Once you hit 62, you can have your taxes frozen, at whatever current rate is in effect 

Feb 04, 2019 12:47 AM
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Good morning Donald.  This is good information about the Florida Homestead Exemption.

Feb 08, 2019 06:36 AM
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Hi Donald - those with homes in both New York and Florida have to make a decision.  I stuck with New York Star because the savings on higher taxes in New York was greater.

Feb 11, 2019 06:13 AM