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Certain property tax benefits are available to persons 65 or older in Florida. Eligibility for property tax exemptions depends on certain requirements. Information is available from the property appraiser’s office in the county where the applicant owns a homestead or other property.
29 lut 2024 · The over-55 home sale exemption was a tax law that provided homeowners over age 55 with a one-time capital gains exclusion. Individuals who met the requirements could exclude up to $125,000 of capital gains on the sale of their personal residences.
5 maj 2024 · To claim the Florida Statewide $50,000 Property Tax Exemption for Seniors, ensure you're already receiving the Standard Homestead Exemption and meet the age and income criteria specific to your county, such as being 65 or older with a household income below $36,614 in Miami-Dade County.
When someone owns property and makes it his or her permanent residence or the permanent residence of his or her dependent, the property owner may be eligible to receive a homestead exemption that would decrease the property’s taxable value by as much as $50,000.
Sellers can exclude up to $250,000 (or $500,000 for married couples filing jointly) on the gains realized following the sale of their home if they pass the “ownership and use tests.”
If applying for the additional homestead property tax exemption for low-income seniors, must submit Form DR-501 and Form DR-501SC (Household Income Sworn Statement and Return). Property Tax Information for First-Time Florida Homebuyers.
Effective July 1, 2021, the statement of income, formerly required to be filed annually for purposes of the additional homestead exemption for persons 65 or older, may now be submitted one time only when the exemption is first claimed.
