Variations in Receipt of Benefit
Benefit Varies with Income
Other Variation in Receipt of Benefits
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 $29,454 for deferral in 2019, 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, all taxes can be deferred. For all others the amount in excess of 5% of household income can be deferred.
How is Benefit Disbursed
Eligible Property Type
Characteristics of Eligible Property
Only residential property is eligible for this program.
Description of Eligibility Criteria
A permanent resident of Florida may elect to defer payment of a portion or all of the property tax and non-ad valorem assessments due on their primary residence. Benefits differ based on age and income. For a claimant 65 or older with a household income below $30,174 for deferral in 2019, 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 those with income not in excess of $10,000 household income regardless of age, all taxes and non-ad valorem assessments may be deferred. For those whose taxes and non-ad valorem assessments exceed more than 5% of their income, may defer the excess taxes and assessments.
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