Heidi is the best !! After the birth of my daughter, all my priorities changed, of course, and she helped me through all the new "adulting" I needed to do! She made it super easy to talk about some difficult subjects and I never once felt uncomfortable. We actually shared a few laughs and I'm appreciative of that. We went through everything from advanced directives, trust planning, and wishes I had for my family in any event that I would be unable to care for them. Like I said, it's some tough stuff to face for some of us, but I am so appreciative for her services . The peace of mind I have now is priceless ! Thank you Heidi !!

~ Lauren M

I hired Heidi to create my trust. She is professional, knowledgeable and also very personable. She took her time explaining everything and I never felt rushed. The staff is very welcoming. Highly recommended.

~ Paul B

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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