HOMESTEAD EXEMPTION
WHAT IS HOMESTEAD EXEMPTION?
The state of Florida has adopted a Homestead Exemption to assist homeowners by reducing the amount of property taxes charges. This does not affect the assessed value, nor reduce tax millage charged by the local government. It simply reduced the amount of taxes you have to pay by waiving any taxes due on the first $25,000.00 - $50,000.00. THIS COULD SAVE YOU AS MUCH AS $500 A YEAR!
DO I QUALIFY FOR HOMESTEAD EXEMPTION?
You must be a bona-fide resident of Florida.
You must have legal title to your home.
You must live in the property as of December 31 of the previous year.
Only one property can be homesteaded for any given year.
HOW TO CLAIM HOMESTEAD EXEMPTION?
Locate the Property Appraisers Office in your County:
Clay County
Main Branch - 477 Houston St, 2nd Floor, Green Cove Springs, FL 32043 - (904) 284-6305
1518 Park Avenue, Orange Park, FL 32073 - (904) 541-5332
231 E Forsyth St #260, Jacksonville, FL 32202 - (904) 630-2037
4030 Lewis Speedway, Suite 203, St. Augustine, FL 32084 - (904) 827-5500
Apply BEFORE March 1st (Change your Driver's License first)
Complete the application in person or online.
Make sure you receive a receipt.
HOW DO I RENEW MY HOMESTEAD EXEMPTION?
As long as nothing has changed your homestead exemption will be renewed automatically each year. You should receive a card in the mail each year notifying you of the renewal.
NOTIFY YOUR LENDER IMMEDIATLEY!
In order for your lender to know that your taxes will be lower, they need proof of your Homestead Exemption. After analyzing your escrow account this COULD lower your monthly payments. Mail a COPY of your Homestead Exemption receipt along with a letter requesting an adjustment of your tax escrow account remember to include your account number and property address. Mail this letter to your Mortgage Company's Escrow Department. DO NOT MAIL WITH YOUR PAYMENT.