Did you buy a home in 2023? The deadline to file for Homestead Exemption is March 1, 2024.

What is Homestead exemption? In the state of Florida, a $25,000 exemption is applied to the first $50,000 of your property’s assessed value if your property is your permanent residence and you owned the property on January 1 of the tax year. This exemption applies to all taxes, including school district taxes. An additional exemption of up to $25,000 will be applied if your property’s assessed value is between at least $50,000 and $75,000. This exemption is not applied to school district taxes.

Exemptions reduce the assessed value of your property, thereby reducing the amount of property tax you pay. If your property is your permanent residence, or homestead, you may be eligible for a tax exemption.

Here is the website link to file in Palm Beach County:
https://www.pbcgov.org/papa/homestead-exemption.htm

Feel free to reach out to the Sean Underwood Team with any questions.
(561) 312-7790 | [email protected]