Florida Homestead Property Tax Exemption

About This Program

Florida homeowners using their property as a primary residence qualify for the Homestead Exemption, reducing assessed value by up to $50,722 (annually inflation-adjusted) and activating Save Our Homes, which caps future assessment increases at 3% per year. Low-income seniors 65+ may qualify for an additional exemption. Must apply by March 1.

Ongoing annual tax savings. Tax savings depend on local millage rate; average savings are approximately $500–$1,500 per year.

Key Details

• Up to $50,722 off assessed value for primary residence
• Activates Save Our Homes cap: max 3% annual assessment increase
• Additional exemption available for low-income seniors 65+
• Apply by March 1 at Hillsborough County Property Appraiser
• No income requirement for the base exemption

How to Apply

Deadline: Apply by March 1 of the tax year