About Homestead Exemption
Real Tax Savings: All eligible Broward County property owners save on the first and third $25,000 of the assessed value of an owner/ occupied residence.
The bottom line is that the basic homestead exemption saved a Broward homeowner in 2009 approximately $686 to $1,015 (depending upon your city's millage rate) in annual tax savings for all homes with a value of $75,000 or more.
The Basics: All Florida residents are potentially eligible under state law for a Homestead Exemption on their homes., condominiums, co-operative units and certain manufactured home lots. Every person who has legal or equitable title to a residential property and who lives there permanently may be eligible for Homstead. To be eligible, you:
- Must permanently reside on the property as of January 1 of the year for which you are applying
- Must be a US citizen, permanent resident alien, or hold "PRUCOL" asylum/refugee status in the United States
- Cannot have a homestead or other residency-based exemption in any other county, state or country. Florida Statutes allow only one Homestead per "family unit". This means any person applying for the Homestead Exemption in Broward County is not legally entitled to claim the exemption if either of the spouses is currently receiving a residency-based exemption on property elsewhere.
- Cannot rent out the entire dwelling (unless on Active Military Service)
For more detailed information, visit the Broward County Property Appraiser's Homestead Exemption informational page. Or contact the property appraiser's office at 954.357.6035.