House Talk with Silvia Dukes

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Filing for Homestead Exemption in Florida!

For new Florida Home Owners, now is the time to file for Florida Homestead Exemption for 2020

As a new Florida Home owner who purchased a Florida home in 2019 and are using it as your primary residence, you should now take the time to file for Florida Homestead Exemption! 

In Hernando County, Florida, the Homestead Exemption provides for a reduction in the taxable value of the home by $50,000.  Most importantly, it also places a cap on the annual increase in assessed valuation thus protecting home owners from sudden spikes in assessments and consequently property taxes.

Here is an example of the property tax calculation for a home without and with homestead exemption:

 

1. Without homestead exemption - the property taxes are $1,838.64

 

Property Taxes WITHOUT homestead exemption

 

2.  Here is the property tax calculation for the same home WITH homestead exemption:  Property taxes are now $1,183.84 - a substantial savings!

 

Property Tax WITH homestead exemption

 

To read more about how the Florida Homestead exemption works, please click on the link "What is Florida Homestead Exemption" .

 

If you have purchased a home in 2019 and it is your primary residence

in which you have lived in as of January 1, 2020

make sure you have applied for homestead exemption. 

The deadline is March 1, don't miss it!

 

To apply for this beneficial exemption under the Florida Homestead Exemption law and to find out how it applies to your particular situation, please contact your local property appraiser's office.

Home owners in Hernando County, Florida, please contact the Hernando County Property Appraisers office at 352-754-4190 or visit them at one of their two locations either at

20 N Main Street, Brooksville, Florida

OR

in the Forest Oaks Government Center in Spring Hill, Florida, 7525 Forest Oaks Blvd

   

 

 For more information about Hernando County Homes and Land for sale including Spring Hill and the communities of Timber Pines, Glen Lakes Golf and Country Club, Silverthorn, and Hernando Beach , please call or visit my website!

Let me help you find Your Place in the Sun!

 

Silvia Dukes PA, Broker Associate

Tropic Shores Realty, 3441 Deltona Blvd, Spring Hill, FL 34606

Phone: 352-584-7441    Email: SilviaDFL@yahoo.com   Website:  www.SilviaDukes.com

 

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Copyright (c) Silvia Dukes 2006-2020.  All Rights Reserved. 

Listing and real estate market information is current as of the date it was posted but subject to changes.

All content, including text and photographic images, is the exclusive property of Silvia Dukes, P.A. and may not be used without expressed written permission.   

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