Talk of The Villages Florida - View Single Post - Clarification on Property Taxes.
Thread: Clarification on Property Taxes.
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Old 05-10-2024, 07:15 AM
DrHitch DrHitch is offline
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Default Homestead exemption is income-based
Quote:
Originally Posted by retiredguy123 View Post
The over-65 exemption only applies to those who meet certain low income requirements.
Agree unless Florida is different from other states. In Ohio, the exemption is based on gross income, not just earned income. As a result, if you are drawing from pensions, retirement funds, you will likely NOT qualify for homestead exemptions....maybe Florida is different?