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Homestead Exemption Requirements 2025
Homestead Exemption Requirements 2025
Are you a homeowner in Florida? This information might interest you!
Owning a home in Florida comes with financial perks that can help reduce property tax liability. Programs like the Homestead Exemption and the Save Our Homes (SOH) Assessment Limitation enable thousands of Florida homeowners to save significantly on their property taxes annually. Additionally, other exemptions are available for property owners with unique circumstances, such as disabilities, military service, or specialized property uses.
Key Benefits for Homeowners
- Homestead Exemption
Florida homeowners who make their property their primary residence—or that of their dependents—may qualify for a Homestead Exemption, which can reduce the property’s taxable value by up to $50,000.
- Save Our Homes (SOH) Assessment Limitation
The SOH cap restricts the annual increase of assessed property values to 3% or the Consumer Price Index (CPI), whichever is lower. This helps shield homeowners from drastic property tax increases due to rising property values.
- Portability of SOH Benefits
While the Homestead Exemption itself is nontransferable, Florida allows homeowners to transfer (or “port”) their SOH assessment savings to a new homestead within the state. This portability ensures continued tax benefits even after relocating.
- Additional Benefits for Special Groups
Exemptions and discounts are also available for:
- Senior citizens
- Veterans and active-duty military service members
- Individuals with disabilities
- Disabled first responders
- Properties serving specialized purposes
Empower Your Finances
By understanding and leveraging these tax exemptions, Florida homeowners can take control of their property expenses and potentially save thousands of dollars each year. To learn more about your eligibility or to apply, consult your local property appraiser’s office or official government resources for detailed guidance.
Take advantage of these programs today to make the most of your Florida homeownership!
For Local Information you can also contact your County Appriser
Source: Florida Department of Revenue
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by Elsa Soto | Mar 15, 2018 | Homes, Villas and Condos, News, Real Estate News
SAN FRANCISCO – March 14, 2018 – A San Francisco-based charity called New Story has partnered with construction technology company ICON to design a 3-D printer for building affordable homes across the globe in developing countries. The company is showing off its 3-D construction progress in the U.S.
The companies have already built a 350-square-foot ho
me in Austin, Texas, which they tout as the first 3-D printed house in the country built to the local building code.
The home is serving as a prototype of what the future may hold. New Story and ICON’s 3-D home printer can print an entire 600- to 800-square-foot home that meets safe building codes in less than 24 hours.
“We feel it’s our responsibility to challenge traditional methods and work toward ending homelessness,” says Brett Hagler, CEO and co-founder of New Story. “Linear methods will never reach the billion-plus people who need safe homes.”
New Story will begin printing homes that meet the International Building Code standards in El Salvador within the next 18 months. It will be its first community of 3-D printed homes.
“There are over 100 million people living in slum conditions in what we call survival mode,” says Alexandria Lafci, New Story’s co-founder and COO. “How can we make a big dent in this instead of just solving incrementally?”
New Story says it takes about eight months to construct a community of 100 homes using 3-D printing. The homes cost about $6,000 each. Further, the company says it can build one home per day at a cost of $4,000 each using the 3-D printer.
Companies have been experimenting with 3-D printing in the housing industry for the last few years. In 2013, WinSun, a Chinese construction company, printed 10 homes in a day. It later printed a six-story apartment, an office building and an 11,000-square-foot mansion.
“It will [still] take many years before 3-D-printed homes are printing the types of homes that you and I would live in, but the tech is ready now to print very high-quality, safe homes in the places we’re building,” says Lafci.
Source: “The Quest to Bring 3-D-Printed Homes to the Developing World,” Wired.com (March 12, 2018) and “Home Building Startup New Story Unveils 3D-Printed House at SXSW to Shelter the Developing World,” Hypepotamus.com (March 12, 2018)
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