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, 07:21 AM
retiredguy123 retiredguy123 is offline
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Originally Posted by DrHitch View Post
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?
In Florida, all homeowners can qualify for the standard homestead exemption. But:

"In order to qualify for the Low-Income Senior Exemption for 2024, an applicant must be 65 or older as of January 1, 2024, receive the Homestead Exemption on the property, AND have a combined household adjusted gross income for 2023 not exceeding $36,614 (note: this adjusted gross income limitation number is adjusted annually in January to reflect the percentage change in the average cost of living index)."