I have worked with Heidi on several issues and have been impressed by her dedication, integrity, plain English explanations, and thoroughness. I highly recommend her based on her high professional standards and she also is a kind woman with a beautiful heart.

~ Melody L

Heidi Webb is a very professional and caring attorney. She is focused on attention to detail. She also is very articulate. Every situation that has come up in my case she has taken care of as swift as possible. My case has had some difficult turns which she has dealt with to her sensational ability. Heidi Webb has an outstanding personality and puts you at ease immediately. I highly recommend her. It is nice to know that out of so my attorneys their is one that is exceptional.

~ Rita S.

The Clock is Ticking: How to Secure Your Florida Homestead Tax Exemption Before the Deadline

As March 1, 2024, approaches, Florida homeowners should be marking their calendars. This date isn’t just signaling the end of winter—it’s also the statutory deadline to apply for the Florida Homestead Tax Exemption. If you’re a homeowner in the Sunshine State, missing this date could mean forfeiting a valuable tax advantage.

Understanding the Homestead Exemption

The Florida Homestead Tax Exemption is a dual benefit designed to give eligible homeowners:

Up to $50,000.00 off the taxable value of their homestead property.
The “Save Our Homes” cap, which limits any increase to the assessed value of the property for tax purposes to 3% annually.

If you’ve recently acquired a residence, to enjoy these benefits, you must apply for the exemption after your purchase. It’s crucial to note that the exemption applies to the homeowner, not the property. So even if the previous owner received the exemption, you must reapply to continue the benefits under your ownership.

Don’t Miss the Deadline

Failing to file on time means waiving your exemption for the year. While Florida law permits late filing under certain “extenuating circumstances” after the TRIM (Truth in Millage) Notice is issued, approval for late exemption is at the discretion of the property appraiser. Rather than risk it, it’s wise to file before the deadline to ensure your exemption is secured.

What You’ll Need

First-time filers, be ready to provide:

Names on the title as of January 1.
Social Security numbers for you and your spouse.
Residency details as of January 1.
Other residency claims, if applicable.

You may also need to provide:

Evidence of relinquishing an out-of-state driver’s license.
Florida vehicle license plate and voter registration numbers.
Declaration of domicile and residency date.
Proof of employment, IRS return address, children’s school locations, bank statement, and utility payment receipts.

Beyond Tax Savings: Protection from Creditors

The Homestead Exemption does more than save on taxes; it offers protection against creditors, excluding the IRS, safeguarding your home from unforeseen financial claims. Additionally, it facilitates the transfer of your homestead through probate, easing the process for your heirs.

Act Now

Don’t let the Homestead Exemption slip through your fingers. Ensure you apply before the March 1 deadline and take a step toward financial prudence and peace of mind. Should you have questions or need assistance navigating the application process, don’t hesitate to reach out to your estate planning attorney.

For more information on the Homestead Tax Exemption and to begin your application, visit the Appraiser online portals for the county in which you reside in Florida. If you are in Volusia County, click here.

Heidi S. Webb, Attorney at Law, serves clients in Daytona Beach, Ormond Beach, Port Orange, and beyond with matters of Estate Planning and Probate. Contact her today to schedule a free consultation. Visit her page on Facebook, or see what her clients are saying to learn more about Heidi.

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