The $50,000 Standard Exemption

Florida grants a significant reduction on a property's taxable value for all primary residences. The exemption is broken into two tiers: a required $25,000 exemption applied to the first $50,000 of assessed value, and an additional optional $25,000 exemption applied to the assessed value between $50,000 and $75,000.

This benefit helps keep property taxes lower for Florida residents. To qualify, you must legally own the home and make it your permanent residence as of January 1st of the year you are applying.

Other Key Property Tax Exemptions

Beyond the standard, several important exemptions exist that can provide substantial or total tax relief, depending on your county:

• Senior Exemptions: Often available for residents aged 65+ meeting certain income limits.
• Disabled Veteran Exemption: Varies based on disability percentage, up to 100% tax exemption.
• Widow/Widower Exemption: A base $500 exemption is typically available.
• Blind Person Exemption: A base $500 exemption is typically available.