by Marketing | Feb 3, 2025 | Blog, Buyers, Homeowners, Homes, Villas and Condos, Investment Property in Florida, Just Sold, Local Events, Long Term Rental, Mortgages, New Construction, New Listing, New Rental Listings, News, Press Releases, Property for Sale, Property for Sale in Orlando, Property Management, Real Estate Components, Real Estate News, Renters, Retirement / 55+, Sellers, Uncategorized, Vacant Lot
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 | Aug 2, 2018 | Blog, Buyers, Homes, Villas and Condos, Investment Property in Florida, News, Real Estate News, Renters, Sellers
Everybody is for Amendment 2, Keep the Affordable Housing Crisis from Getting Worse!
As a real estate professional, you know the importance of solving the affordable housing crisis. At the crux of this crisis are cost-burdened home-owners, those who spend 40 percent or more of their household income on rent or a mortgage. State decision-makers, local community action groups and individuals are all working to help neighbors like these make ends meet. In the meantime, there’s something Florida voters can do to help the housing crisis from getting worse: vote “yes” on Amendment 2 this November.

What’s at Stake?
A decade ago, Florida voters approved a law that placed a 10 percent cap on annual property tax increases for non-homestead properties, including home and apartments rentals, business and commercial parcels, and vacant lots.
Because of that protective tax cap, apartment complexes and landlords are better able to predict their budgets, which allows them to keep their rental rates as close to the previous year as possible. This encourages renters to stay and, hopefully, to save money for a down payment on a home.
How Will ‘Yes’ Help?
If Florida voters don’t act, this beneficial tax cap will expire this year. Before Florida voters approved the cap in 2008, 30 perfect of non-homestead properties were hit with an 80 percent tax increase in just one year. And, nearly three out of four non-homestead properties suffered a more than 10 percent annual tax increase.
Put simply, prior to the cap becoming law, the tax system in Florida was unfair, literally punishing non-homestead property owners and those renting from them.
If Amendment 2 fails, $60 billion in property value will not be protected, allowing rental rates to spiral out of control. The housing shortage in Florida will become worse, forcing current residents to seek homes and jobs out of the state. Seniors living on fixed incomes who pay to live in a dependent living facility will be especially devastated.
Voting “yes” on Amendment 2 this November will make that tax cap permanent, helping to protect all Floridians and giving the state the time it needs to address its affordable housing crisis.
Want to see who is going to be affected and where in Florida? Click Here to view the map! Ready to take the plunge and purchase your very own Central Florida Home? Contact us today and one of our experienced agents will happy to help answer any questions you have about the buying process.