State
Florida
Year
2021
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 deferral in 2021, a claimant 65 or older with 2020 household income below $31,100, all property taxes and non-ad valorem assessments 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 and non-ad valorem assessments 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 that is considered a Homestead 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 of a portion or all of the property tax and non-ad valorem assessments due. Program benefits vary by age and income.
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_RR21
Footnotes
Sources
[https://floridarevenue.com/property/Documents/AdditionalHomesteadExemptions.pdf Accessed 09/07/2022]
View Archived Source
Florida Department of Revenue, Application for Homestead Tax Deferral
[https://floridarevenue.com/property/Documents/dr570.pdf Accessed 01/14/2022]
View Archived Source