What is the additional homestead exemption?
The Additional Homestead Exemption (AHE) increases the
homestead exemption by exempting the assessed value between
$50,000 and $75,000. This exemption does not apply to school
district taxes. This means, that you will receive NO BENEFIT from
the AHE if your assessed value is less than $50,000. You will, however
continue to receive your existing homestead exemption.
When does the additional homestead exemption take affect?
The homestead exemption is retroactive to January 1, 2008
Do I need to apply for this additional exemption?
No, if you have an existing homestead exemption, the additional
exemption will be applied automatically. This is also true if
you are filing a new homestead exemption application for 2008.
2008 Applicants may also be eligible for portability
(see portability information below).
How much will I save?
We have added a calculator to our website to estimate your savings. Use the following steps to access the calculator.
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Click on the Property Search tab at the top of this page.
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Type in the owner name of the property and click Search Records button.
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Click on the parcel id of the property. This will open the parcel detail page.
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Finally, click on the calculator icon in the upper right corner of the page.
What is Portability?
Portability provides for the transfer of accumulated
Save-Our-Homes benefit (up to $500,000) to a new homestead within one year and not more than two years of relinquishing the previous homestead. If filing for a new homestead exemption for 2008, the previous
homestead must have been relinquished in 2007.
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Transferred benefit may not exceed $500,000
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Transferred benefit % depends on just value of new home purchased
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Applies to all tax levies
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Portability is retroactive to January 1, 2008
Do I need to apply for portability?
Yes, you should apply for portability at the same time you file
for your new homestead exemption. Click
here to open
application.
What if I’ve already applied for homestead exemption for 2008?
If you applied for 2008 homestead exemption, but did not apply for portability,
you should contact our office to complete a Transfer of Homestead Assessment Difference application.
How much of my Save our Homes benefit can I transfer?
Use the calculator mentioned in "How much will I save" question above.
What is the Tangible Personal Property Exemption?
Authorizes an exemption from property taxes of $25,000 of assessed value of
tangible personal property. This provision applies to all taxes.
Tangible personal property taxes apply only to certain taxpayers in Florida – typically
businesses and certain owners of mobile homes. The tax does not apply to homesteaded property.
Do I need to apply for the Tangible Personal Property Exemption?
Yes, Bill 4D requires all tangible personal property taxpayers to file
a return by April 1, 2008 in order to receive the new $25,000 exemption
for the 2008 tax year. The filing of Form
DR-405 will be considered an
application for the $25,000 exemption. No separate application will be
required. First time filers may wish to use the
DR-405EZ
form.
When does the Tangible Personal Property exemption take affect?
The exemption is retroactive to January 1, 2008
I have multiple sites, do I need to file multiple forms?
One Form
DR-405 return is required for each location where an owner of tangible
personal property transacts business within the county. A
single separate Form
DR-405
return will be required for all freestanding property at sites other than where the
owner of tangible personal property transacts business. A $25,000 exemption would
apply to each return.
What are the definitions for sites and freestanding property?
The “site where the owner of tangible personal property transacts business” includes
facilities where the business ships or receives goods, employees of the business are
located, goods or equipment of the business are stored, goods or services of the
business are produced, manufactured or developed, or similar facilities located in
offices, stores, warehouses, plants or other locations of the business. Not considered
a “site where the owner of tangible personal property transacts business” are sites
where freestanding property, placed at multiple sites in a county, is located. Such
freestanding property includes vending and amusement machines, LP/propane tanks,
utility and cable company property, billboards, leased equipment, and similar
property not customarily located in the offices, stores, or plants of the owner.
How does the Tangible Personal Property exemption affect Mobile Homes?
The exemption applies to mobile home attachments and appurtenances assessed as
tangible personal property. The exemption does not apply to mobile homes assessed as tangible personal property.
What is Non-homestead Cap Assessment?
The property tax amendment limits the assessment increases for specified non-homestead
real property to 10% each year. The cap does not apply to school district levies.
When is Non-homestead Cap Assessment effective?
Cap will be effective for 2009 tax roll. The limitation is repealed effective January 1, 2019, unless renewed in the 2018 election by voters.
How do I apply?
Applications will be available in the fall of 2008. Please note that you MUST apply to receive this cap.