Florida Homestead Property Tax Exemption ($50,000)

About This Program

Florida's standard Homestead Exemption reduces the taxable assessed value of a primary residence by $50,000 ($25,000 applicable to all taxes, $25,000 applicable to non-school taxes). This lowers the annual property tax bill and also activates the Save Our Homes 3% assessment cap, limiting future increases. Apply once at the Miami-Dade Property Appraiser's office; must be primary residence with homestead by January 1.

The $50,000 exemption reduces the taxable value. At Miami-Dade's millage rate (~$19/thousand), the full $50,000 exemption saves approximately $950/year. Also locks in the Save Our Homes 3% cap on assessment increases.

Key Details

• Reduces taxable assessed value by $50,000 on primary residence
• Also activates Save Our Homes 3% annual assessment increase cap
• Apply by March 1 at Miami-Dade Property Appraiser (305-375-4712)
• Saves approximately $950+ per year depending on millage rate
• One-time application, automatically renews each year while homesteaded

How to Apply

Deadline: March 1 annually to apply for current tax year