21
Feb
11

Homestead Exemption, Don’t Miss Out

Homestead Exemption is a constitutional benefit of up to a $50,000 exception removed from the assessed value of your property.  It is granted to those applicants who timely file by March 1st, possess title to the real property and are a bona fide Florida residents living in the dwelling and making it their permanent home on January 1st.  Rental of the homestead property (exclusive use by a tenant on a temporary, seasonal or annual basis) constitutes abandonment of the homestead – if you plan to rent, contact the Appraiser’s Office to determine your exempt status.  Properties granted Homestead Exemption automatically receive the “Save Our Homes” benefits.  This is a constitutional benefit approved by the Florida voters in 1992.  It places a limitation of 3% on annual assessment increase on Homestead properties beginning with the 1995 tax year. 
Lee country residents can obtain an application online by visiting:   www.leepa.org 

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Jennifer Ferri, Owner

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