fbpx

Homestead and 10 Other Exemptions

Randy Gilbert, J.D.

Chief Happiness Officer

Florida’s Title Insurance Company

Website: https://FTIC.net

Email: [email protected]

Phones: [954.500.8485]; (954) 500-T.i.t.l.e (8485)

[786.500.8485]; (786) 500-T.i.t.l.e (8485)

[561.500.8485]; (561) 500-T.i.t.l.e (8485)

Addresses: 1720 Harrison Street, Penthouse B

Hollywood, FL 33020

and

2600 Island Blvd., CU-1

Aventura, FL 33160

 

Do I qualify?  If by January 1, your property is either your permanent home, or the permanent home of a person who is legally or naturally your dependent, you may qualify for up to $50,000.00 of Homestead Exemption to reduce your property tax bill.

Other Exemptions: (1) Granny Flat – New additions built for parent or grandparent; (2) $500 Total Disability; (3) $500 Blind; (4) $500 Widow; (5) Low Income Senior (< $29,454/yr) must apply annually; (6) Veteran Disability (4 types); (7) Deployed Military must apply annually; (8) First Responder Disability; (9) Surviving Spouse of Military Vet or First Responder; and (10) Historic Property.

How many properties? If you or your spouse have a homestead exemption on another property, you’re personally ineligible.

Filing Deadlines?  For 2019 exemptions, file between March 2, 2018 and March 1, 2019.  But, if you can show inability to timely file or other extenuating circumstances, late filings for 2019 may be allowed up to September 18, 2019.  For 2018 exemptions, you’re too late (that deadline ended March 1, 2018).

How to file? In Broward, go to https://bcpasecure.net/homesteadonline/web/index.aspx.

Who files?  For married couples (“Tenants by the Entirety”) or Joint Tenants with Right of Survivorship (“JTWROS”), any one owner may qualify for 100% coverage.  For owners such as Tenants in Common (e.g. co-owners by percentage), each occupying owner must file according to their proportional interest (e.g. $40,000 property with residing owner’s interest being 25%, means $10,000 of homestead exemption is all that is applied).

Portability?  Owners can transfer their “Save Our Homes” benefit earned on a previous homestead property to their new homestead property. If you are applying for a new homestead exemption and held a homestead exemption on a previous property within the last 2 tax-years in Florida, you should also submit a portability application with your homestead application.

You May Also Like

Dr Tom McCawley
Thanksgiving ABC’s
November 1, 2023
Dr Tom McCawley
Carolyn z
No Pep in Your Step?
October 1, 2023
Recipe for Life ABC’s

Lenore Nolan-Ryan Lenore Nolan Ryan Catering & Cooking School Galt Ocean Plaza 3311 North Ocean Blvd, Ft Lauderdale, FL 33308 954.491.2340 lenorenolanryan.com Have you ever made a recipe that just inspired your whole being…was it the dish or was it just you? I seek life like I seek out food…I live every day, I feed

Unleashing LinkedIn: Elevate Your Professional Journey

Julie TalenfeldPresident of BoardroomPR1776 N. Pine Island Road, Suite 320Fort Lauderdale, FL [email protected] As we transition from summer to fall, it seems apt to go back to basics with how we present digital ourselves in the professional sphere. We could all use a little Linkedin refresh or if you’ve ever felt unclear on where to

Superfoods ABC’s Mushrooms

Lenore Nolan-Ryan Lenore Nolan Ryan Catering & Cooking School Galt Ocean Plaza 3311 North Ocean Blvd, Ft Lauderdale, FL 33308 954.491.2340 lenorenolanryan.com What is Superfood? Superfoods are nutrient-rich foods considered to be especially beneficial for health and well-being. So, when I go shopping, I choose foods that fuel my body, support immunity health, and taste

Is Your Thyroid Whacked?

Carolyn Zaumeyer Nurse Practitioner LowTE Florida 4540 N. Federal Highway Fort Lauderdale, FL 33308 954.791.4498 lowteflorida.com Do you wake up feeling tired? Are you so tired at the end of your workday that you just want to sink into the couch and be done? Fatigue is the number one reason patients come to LowTE Florida

Other Posts

No. 1 Best Seller Author

Dr. Miriam Zylberglait, MD, Facp, Abom 305 466 4008virtualwellbeingmd.com21097 NE 27th Ct #480 Aventura, FL Meet Dr. Miriam Zylberglait, author of “The 3G Cycle of Life: The Secrets for Achieving Joy, Meaning and Well-being. Dr. Z’s #1 Best Seller has been awarded by the 17th Annual National Indie Excellence Awards (NIEA 2023) and the Florida

Low Testosterone Harms Men’s Health?

Carolyn Zaumeyer Nurse Practitioner LowTE Florida 4540 N. Federal Highway Fort Lauderdale, FL 33308 954.791.4498 LowTEFlorida.com Testosterone is an important hormone for both men and women. Without an optimal testosterone level, you can’t build muscle and over time you lose muscle mass and strength. In men, a low testosterone level is associated with increased cardiovascular

Summertime and The Grillin’ Is Easy

Lenore Nolan-Ryan Lenore Nolan Ryan Catering & Cooking School Galt Ocean Plaza 3311 North Ocean Blvd, Ft Lauderdale, FL 33308 954.491.2340 lenorenolanryan.com Whether you’re grilling on a guaranteed-for-life Weber, the cult-followed Big Green Egg or a simple in-your-kitchen George Foreman, summer is about grilling! What is grilling all about? …the food! Steak! Usual cuts, nah,

Lenore Nolan Ryan
Does Your FemiNeed a Lift?

Carolyn Zaumeyer Nurse Practitioner LowTE Florida 4540 N. Federal Highway Fort Lauderdale, FL 33308 954.791.4498 LowTEFlorida.com FemiLift® is a state-of-the-art, minimally invasive outpatient solution that incorporates CO2 technology to provide optimal care for various feminine concerns. FemiLift helps rejuvenate the vaginal area which may improve mild urinary incontinence, sexual satisfaction, and decrease vaginal infections. The