Talk of The Villages Florida - View Single Post - Homestead exemption
View Single Post
 
Old 07-18-2013, 04:37 PM
getdul981's Avatar
getdul981 getdul981 is offline
Platinum member
Join Date: May 2010
Location: Roanoke, VA - Pennecamp - St. James
Posts: 1,929
Thanks: 0
Thanked 1 Time in 1 Post
Default

Homestead Exemption (Section 196.031, F.S.)
Every person who has legal or equitable title to real property in the State of Florida and who resides thereon and in good faith makes it his or her permanent home is eligible to receive a homestead exemption of up to $50,000. The first $25,000 applies to all property taxes. The additional $25,000 applies to any assessed value over $50,000 and only to non-school taxes. First time applicants are required to furnish their social security number, and should have available evidence of ownership i.e., deed, contract, etc. If title is held by the husband alone, a wife may file for him, with his consent, and vice versa.
If filing for the first time, be prepared to provide the following information declaring that you were living in the dwelling which is being claimed for homestead exemption on January 1:


^top

Homestead Exemption Portability (Section 196.031, F.S.)
Each applicant will have to fill out Form DR-501T, "Transfer of Homestead Assessment Difference," in the office of the property appraiser of the county in which their new home is located. Required information on this form includes the date that the previous homestead was sold or no longer used as a homestead, the address and parcel identification number of the previous homestead, a list of all other owners of the previous homestead, an affirmative statement that none of the previous owners remained in the homestead and continued to receive a homestead exemption, and a sworn statement that he or she received the homestead exemption on the previous parcel. Form DR-501, "Original Application for Ad Valorem Tax Exemption" should also be completed to apply for the homestead exemption on the new homestead.
__________________
Greg

A pessimist is an optimist with experience.

"In my many years I have come to a conclusion that one useless man is a shame, two is a law firm and three or more is a congress." - John Adams