What is the Florida Homestead Exemption:  $50,000 of the value of the homestead (home, residence, land, outbuildings) will be exempt from property taxes. This means that $50,000 will be deducted from the assessed value of the property for purposes of calculating the amount of taxes owed on the property.

If, as a new homeowner, you are interested in this exemption, you must apply to the tax assessor’s office.The filing dates for the homestead exemption are between January 1st and April 1st of the first full year of your home ownership. This means that you must own your home by January 1st of the year that you are filing.