Florida is a “homestead” state, which means that if you have purchased a home and moved in before January 1, you qualify to save big on your property taxes!
In order to take advantage of this benefit, you must (no exceptions) file for your homestead exemption with your local property appraiser’s office, before March 1 of your first full year in the property.
To recap those dates, you must have title to the home and be living in it before January 1, but you have until March 1 to file for your homestead exemption.
But we urge you to file as soon as you get moved in – it is easy to put off and then forget.
The Florida homestead exemption has these valuable benefits to you as a homeowner:
- You cannot be forced to sell your home to pay off creditors, and your home is protected from being liquidated during bankruptcy.
- $50,000 of your property’s assessed value is exempted from the property tax calculation, reducing the amount you owe each year on property taxes.
- For tax purposes the year-to-year increase in assessed value is limited to the lesser of 3% or the percentage change in the Consumer Price Index, so if you are fortunate enough to see your home go up significantly in value, your property taxes will still be relatively low.
For Pinellas County homeowners, you can either file online for your property taxes following these instructions, or file in person at one of the Pinellas County Property Appraiser offices:
|North County Office
Govt Services Ctr
|Starkey Lakes Branch
Starkey Lakes Corp Center