State
Florida
Year
2017
Variations in Receipt of Benefit
Benefit Varies with Income
Other Variation in Receipt of Benefits
Benefit Type
Deferral
Benefit
Homeowners eligible for the homestead exemption may defer a portion or all property tax due. For a claimant 65 or older with a household income below $28,841 for deferral in 2017, all property taxes can be deferred. For those with income above this limit, taxes in excess of 3% of their income can be deferred. For claimants under 65, if household income is less than $10,000, taxes all taxes can be deferred. For all others the amount in excess of 5% of household income can be deferred.
How is Benefit Disbursed
Other
Eligible Property Type
Residential
Characteristics of Eligible Property
Only residential property is eligible for this program.
Eligibility Criteria
Age
Homeowner
Income Ceiling
Principal Residence
Description of Eligibility Criteria
A permanent resident of Florida may elect to defer payment defer the portion of property tax.
Local Option in Adoption of Program
Local government is unable to exercise an option
Local Option Regarding Program Features
No local option regarding program features
State Funding for Local Tax Loss
Local government covers all of its tax loss
Record ID
FL105_RR17
Footnotes
Sources
[http://floridarevenue.com/property/Documents/AdditionalHomesteadExemptions.pdf Accessed on 07/16/2018]
[https://www.lincolninst.edu/sites/default/files/gwipp/upload/sources/Florida/2017/FL_Additional_Homestead_Exemptions_DOR_2017.pdf]
Florida Department of Revenue, Application for Homestead Tax Deferral, (2017)
[http://floridarevenue.com/property/Documents/dr570.pdf accessed 07/16/2018]
[https://www.lincolninst.edu/sites/default/files/gwipp/upload/sources/Florida/2017/FL_Application_for_Homestead_Tax_Deferral_Florida_Dept_of_Revenue_2017.pdf]
Florida Department of Revenue, Homestead Tax Deferral Information, (2017)
[http://www.flaglertax.com/LinkClick.aspx?fileticket=ABWmqZ2wUUY%3D&tabid=232 accessed 07/16/18]
[https://www.lincolninst.edu/sites/default/files/gwipp/upload/sources/Florida/2017/FL_Homestead_Tax_Deferral_Information_Florida_Dept_of_Revenue_2017.pdf]
Finance and Administrative Services Department, Notarized Affidavit Broward County Homestead Tax Deferral Application, (2017)
[http://www.broward.org/RecordsTaxesTreasury/Records/Documents/Affidavit_for_Homestead_Tax_Deferral_Application.pdf accessed 07/16/2018]
[https://www.lincolninst.edu/sites/default/files/gwipp/upload/sources/Florida/2017/FL_Notarized_Affidavit_Broward_County_Homestead_Tax_Deferral_Application_Finance_and_Administrative_Services_Department_2017.pdf]
Florida Department of Revenue, Statement of Gross Income, (2017)
[http://floridarevenue.com/property/Documents/dr501a.pdf accessed 07/16/2018]
[https://www.lincolninst.edu/sites/default/files/gwipp/upload/sources/Florida/2017/FL_Statement_of_Gross_Income_Florida_Deptartment_of_Revenue_2017.pdf]
Florida Department of Revenue, Original Application for Homestead and Related Tax Exemptions, (2017)
[http://floridarevenue.com/property/Documents/dr501.pdf accessed 07/16/2018]
[https://www.lincolninst.edu/sites/default/files/gwipp/upload/sources/Florida/2017/FL_Original_Application_for_Homestead_and_Related_Tax_Exemptions_Florida_Department_of_Revenue_2017.pdf]