All legal Florida residents are eligible for a Homestead Exemption on their homes, condominiums, co-op apartments, and certain mobile home lots if they qualify. The Florida Constitution provides this tax-saving exemption on the first and third $25,000 of the assessed value of an owner/occupied residence. While a complicated formula is used to explain this — as the additional $25,000 only applies to the non-schools portion of your tax bill — the bottom line is that the basic homestead exemption saved a Broward homeowner in 2009 anywhere from $686 to $1,015 (depending upon your city’s millage rate) in annual tax savings for all homes with a value of $75,000 or higher.
You are entitled to a Homestead Exemption if, as of January 1st, you have made the property your permanent home or the permanent home of a person who is legally or naturally dependent on you. By law, January 1 of each year is the date on which permanent residence is determined.
You may file for Homestead ONLINE by clicking the large yellow button in the navigation menu on the top left side of this page … or you may file by visiting either of our offices or at any of our community outreach events held throughout Broward.
The timely filing period for Homestead Exemption for 2010 was March 3, 2009 through March 1, 2010. However, if eligible for an exemption, you may late file for a 2010 exemption if you submit a complete application to us before the close of business on September 20, 2010.
This information had been adquired from the Borward Property Tax Appraiser.
