Whats the Florida Homestead Exemption all About?
A. Every person who has legal or equitable title to real property in the State of Florida and who resides on the property as of January 1 and makes it his/her permanent home is eligible for a $25,000 homestead exemption. The Florida homestead exemption places a 3% per year (or the cost of living index, whichever is less), cap on the amount of property tax the county appraiser can place on your property.
