Homestead exemption does not expire. I have had it for 32 years in Florida. Never lost it for any period of time in moving from one house to another. You can only have homestead exemption on one house.

Don't know where you got that, but homestead exemption has nothing to do with income....See phone number of Sumter County Property Appraiser above.

For the extra 25,000 exemption, it is based on income.

From 2013, I would assume 2014 to be the same.
Many Florida senior citizens are now eligible to claim a second $25,000 Homestead Exemption -- which applies only to the County's portion of the taxes and city taxes for residents of cities that also adopted the additional exemption. By local option, cities may adopt an ordinance increasing this exemption "up to $50,000". In order to qualify for the Low-Income Senior Exemption for 2013, an applicant must be 65 or older as of January 1, 2013 AND have a combined household adjusted gross income for 2012 not exceeding $27,590 (note: this number is adjusted annually in January to reflect the percentage change in the average cost-of-living.

So just to be clear... there is the $50,000 exemption and now there is an additional $25,000 for those households with a total income under $27,590?

(This is a question ;) )

Follow up not a complete answer:

From http://www.lakecopropappr.com/exemptions.aspx#homestead

Homestead Exemption

If you own property that you are using as your permanent residence as of January 1, 2013, you may be eligible for significant tax savings by filing for Homestead Exemption. A Homestead Exemption can reduce the taxable value of your Homestead property by up to $50,000, resulting in a tax savings of approximately $782 annually on average. This amount will vary from city to city due to differing tax / millage rates.

Limited Income Senior Exemption

If you are a permanent with a Homestead Exemption and you are 65 years of age or older as of January 1 in the year you file for this exemption; and your adjusted gross household income does not exceed $27,590 (this amount to be adjusted annually by the Florida Department of Revenue), you may qualify for an additional exemption of up to $50,000. The exemption amount varies by taxing authority. To apply, an application along with Proof of Income must be submitted.

You may apply in person or by mail during the application filing period of January 2 and March 1.

Lake County Property Appraiser
P.O. Box 1027
Tavares, FL 32778-

ok found the 50000 credit on my TRIM statement. Thanks

You can get a 25,000 exemption on your primary residence. If you are older than 65 and make less than 27,590, you can get an additional 25,000 exemption for a total of 50,000.
Never mind, I see you answered your q.

Nevermind...found another thread that answered my questions.

Speaking of TRIM statements....what is the maintenance fee on the back? Is this separate from the amenity fees we pay monthly...?