Save up to $50,000 on your Florida property tax with the homestead exemption. How to apply and what qualifies.
Written by Renzo Johnson, Licensed MLO · NMLS #PENDING · Last updated: February 2026
- First $25,000: exempt from all property taxes including school district
- Second $25,000: exempt from non-school taxes (applies to value $50K-$75K)
- Total savings: $750-$1,000+ per year depending on millage rate
- Must be your primary residence as of January 1
- File by March 1 with your county property appraiser
- Save Our Homes cap: assessed value increases limited to 3% or CPI (whichever is less)
- Portability: transfer up to $500,000 of accumulated Save Our Homes benefit when you move within Florida
- Additional exemptions for seniors, veterans, disabled, and first responders