Homestead Tax Deferral

Florida

2019

Benefit Varies with Income

Other Variation in Receipt of Benefits

Deferral

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.

Other

Residential

Only residential property is eligible for this program.

Age

Homeowner

Income Ceiling

Principal Residence

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 government is unable to exercise an option

No local option regarding program features

Local government covers all of its tax loss

FL105_RR19