Jacksonville Real Estate

HOMESTEAD EXEMPTION REMINDER

Buyers who puchased a Florida home as a primary residence in 2006, especially for you first time homeowners. Make sure to apply for your $25,000 homestead exemption before March 1, 2007. Any Florida property owner with legal title to a home and who uses it as his/her permanent, primary residence by January 1 is eligible for exemption. Now exactly what is the homestead exemption? It is generally a $25,000 deduction from a home’s assessed value as determined by the county property appraiser. Take the home’s assessed value, subtract $25,000, and apply the local millage rate to calculate the property taxes due. Homeowners making their first claim at this time should contact their respective county property appraiser’s office to find out how best to file for the exemption. Many offices offer applications online or will mail applications to residents. Homeowners may also file for a homestead exemption in person, bringing along the deed to their property or a property tax bill or something to prove they own the home. Most property appraisers’ offices will accept applications for homestead exemption until the March 1 deadline. Please call your local county property appraiser’s offie to find out more detailed information.

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