Elsmo, Home Buyer in Viera, FL

I sound unknowledgeable, but how does the homesteading work? do you have to live in the house for a certain time? we are looking to relocate

Asked by Elsmo, Viera, FL Sun Jan 13, 2013

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3
Tamie Amato, Agent, Rockledge, FL
Sun Jan 13, 2013
Homestead Property Tax Exemption
ArticleVII, Section 6, of the Florida Constitution provides that every person who on January 1st has legal or equitable title to real estate and maintains it as his/her permanent residence is entitled to a $25,000 homestead property tax exemption or a percentage thereof if the ownership interest is less than 100%. This Constitutional provision also states that only one homestead exemption shall be allowed to any individual or family unit.
To receive the benefit of the homestead tax exemption a taxpayer must qualify on or before January 1st and must make an application with the Property Appraiser on or before March 1st of the year in which the benefit is first requested. It is important to remember that the homestead exemption benefit does not automatically transfer to a new residence. In accordance with State law, a new application is required if you move or if you change the manner in which title is held on your existing homestead.
Documents Required For All Owners Filing For Homestead Exemption
Florida Driver's License, or, if you do not drive, a Florida Identification Card;
Florida Vehicle Registration, for all vehicles owned or leased by you, or registered to your business;
Brevard County Voter Registration Card, if you are registered to vote;
Social Security card or other official document that includes the social security number. (Social Security documentation is required for the spouse of each applicant even if said spouse has no ownership interest in the homestead property);
If you are not a U.S. citizen, a Permanent Resident Alien Card ("Green Card");
If property is in trust, a copy of the trust agreement or a copy of a recorded Memorandum of Trust;
If the taxpayer owns property in any other State or Country, a letter from the appropriate agency verifying that the taxpayer does not receive benefits based on permanent residency in that jurisdiction;
A copy of your recorded deed or tax bill for property identification purposes;
If the dwelling is a manufactured home, registration(s) or title(s) for the manufactured home.
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Other Types of Exemptions and Assessment Reductions Available on Homestead Property
Additional Homestead Exemption Up to $25,000 - This additional homestead exemption is automatically applied to any property that receives the original $25,000 homestead tax exemption. To receive the full additional $25,000 homestead exemption the property's assessed value must be at least $75,000. If the assessed value is lower than $75,000, the additional homestead exemption will be less than $25,000. For example:
Assessed Value Additional Homestead Exemption
$50,000 or Less $0
($50,000 - $50,000 = $0)
- No Additional Homestead -
$53,890 $3,890
($53,890 - $50,000 = $3,890)
- Partial Additional Homestead -
$67,250 $17,250
($67,250 - $50,000 = $17,250)
- Partial Additional Homestead -
$75,000 $25,000
($75,000 - $50,000 = $25,000
- Maximum Additional Homestead -
$500 Widow/Widower Exemption - Must be a widow or widower prior to January 1st and cannot be remarried; must be a permanent resident of Florida and provide a copy of spouse's death certificate to the Property Appraiser when applying; this exemption can be applied to any property owned by the eligible person.
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Disability Exemptions:
$500 Disability Exemption - Must be a permanent resident of Florida and provide a Physician's Certificate from one Florida licensed doctor, or documentation from the Social Security Administration; this exemption can be applied to any property owned by the eligible person.
$500 Exemption for Blind Persons - Must be a permanent resident of Florida and provide an Optometrist's Certification of Disability, a certificate from the Division of Blind Services or the United States Department of Veterans Affairs or the Social Security Administration certifying the applicant to be blind; this exemption can be applied to any property owned by the eligible person.
Exemption for Totally & Permanently Disabled Persons (Civilian) - Must be (1) a quadriplegic, or (2) a paraplegic, hemiplegic or other totally and permanently disabled
0 votes
Marge Bennett, Agent, Fort Myers, FL
Sun Jan 13, 2013
it has to be your primary residence. Where you are registered to vote, etc
0 votes
Gary Waters, Agent, Melbourne, FL
Sun Jan 13, 2013
"To receive the benefit of the homestead tax exemption a taxpayer must qualify on or before January 1st and must make an application with the Property Appraiser on or before March 1st of the year in which the benefit is first requested. It is important to remember that the homestead exemption benefit does not automatically transfer to a new residence. In accordance with State law, a new application is required if you move or if you change the manner in which title is held on your existing homestead."

Take a look at the explanation at the Property Appraiser web site (copied above). https://www.brevardpropertyappraiser.com/mainhtml/taxexempt.asp
0 votes
Thanks we are from Ny and are looking to move to Florida so homesteading is all new to us, we have no such thing in Ny
Flag Sun Jan 13, 2013
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