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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.
Further benefits are available to property owners with disabilities, senior citizens, veterans and active duty military service members, disabled first responders, and properties with specialized uses. The resources below provide general information on these exemptions and benefits.
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.
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.
Some counties or city governments have adopted local ordinances, under Section 6(d) of Article VII of the Florida Constitution, and section 196.075, Florida Statutes, allowing one or both of the additional homestead exemptions described below. Contact your local property appraiser for information on any ordinances passed in your county.
Senior Citizen Exemption. The Senior Exemption is an additional property tax benefit available to home owners who meet the following criteria: The property must qualify for a homestead exemption. At least one homeowner must be 65 years old as of January 1.
