HOMESTEAD EXEMPTION MARCH 2 DEADLINE

foreclosure_defense The March 2, 2015 deadline to apply for Homestead Exemption in Miami is fast approaching.  A homestead exemption is when a property is owned by a person that uses the home as their primary residence as defined by Florida Statutes.  In order to qualify for a homestead exemption, aside from being a primary residence, the homeowner must prove that they are either:

  1. U.S. Citizen; or
  2. Resident.

In order to qualify, you can go in person up until March 2, 2015 and requires proof of citizenship, residency and a copy of the deed to the property.

Often, the county also requests proof of residence in the form of either a utility bill (FPL or Water).

Once a homestead exemption is granted, this works to benefit the homeowner on their real estate taxes in two ways;

  1. First if caps out the increases from year to year on taxes by no more than 3%; and
  2. Gives an automatic credit off the assessed value of $50,000.00 meaning that the homeowner automatically experiences a significant discount on their taxes.

 

Once claimed and granted, the homestead exemption renews automatically year to year. No need to do anything.

You are only allowed one exemption per household.

For more questions, please contact us for a free consultation.

TRUST |  COMMITMENT  |  RESULTS

 

JACQUELINE SALCINES. P.A.

706 S. DIXIE HIGHWAY

SECOND FLOOR

CORAL GABLES, FL 33146

TEL. 305 669 5280

J.SALCINES@SALCINESLAW.COM

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