Many Florida senior citizens are now eligible to claim an additional $25,000 Exemption -- which applies only to the County's portion of the taxes and city taxes for residents of cities which also adopted the additional exemption. By local option, the county and cities may adopt an ordinance increasing this exemption "up to $50,000" and/or the Long-term Residency Senior Exemption (see below for the list of cities adopting the increased amount). In order to qualify for the Low-Income Senior Exemption for 2023, an applicant must be 65 or older as of January 1, 2023, receive the Homestead Exemption on the property, AND have a combined household adjusted gross income for 2022 not exceeding $32,561 (based on the income limitation set for last year - please note this adjusted gross income limitation number will be adjusted by the end of January for the 2023 tax year to reflect the percentage change in the average cost of living index). In order to qualify for the Long-term Residency Senior Exemption, the applicant must have maintained permanent residence on the property for at least 25 years, meet the age and income requirements listed above and the applicant's property must have a just value less than $250,000 for the initial year of application. The Long-term Senior Residency Exemption exempts the ad valorem city taxes for qualified residents of the cities which adopted the ordinance. Please follow the steps listed below to insure proper filing. Show IF YOU FILE A FEDERAL INCOME TAX RETURN:
IF YOU DO NOT FILE A FEDERAL INCOME TAX RETURN:
The absolute deadline to LATE FILE for any 2023 exemption -- if you missed the March 1, 2023 timely filing deadline -- is September 18, 2023. State law (Sec. 196.011(8), Fla. Stat.) does not allow late filing for exemptions after this date, regardless of any good cause reason for missing the late filing deadline. For more info about the Low-Income Senior Citizen's Additional Homestead Exemption, A majority of Broward seniors are eligible to receive the maximum possible tax savings under this law. The cities listed below have adopted the Senior Citizen's Additional Homestead Exemption (note: the granting of the additional exemption is a "local option" under Florida law):
New for Tax Year 2022: The cities of Lauderhill, North Lauderdale, and Wilton Manors recently passed an ordinance adopting the Long-term Residency Senior Exemption for the city's portion of the property tax bill effective beginning in the 2022 tax year (November 2022 tax bills) and also increased the amount of the Low-Income Senior Exemption from $25,000 to $50,000 effective for the 2022 tax year. New for Tax Year 2023: The city of Parkland recently passed an ordinance adopting the Long-term Residency Senior Exemption for the city's portion of the property tax bill effective beginning in the 2023 tax year (November 2023 tax bills). How do you qualify for senior exemption in Florida?Senior Exemption Information
At least one homeowner must be 65 years old as of January 1. Total 'Household Adjusted Gross Income' for everyone who lives on the property cannot exceed statutory limits.
Do seniors get a discount on property taxes in Florida?Additional Homestead Exemption for Low Income Seniors Age 65+ A lesser-known additional homestead exemption will allow an ADDITIONAL $25,000.00 - $50,000.00 to be deducted from the property's assessed/taxable value.
What age do you stop paying property taxes in Florida?Exemption for longtime limited-income seniors: If you are 65 years old or older, and have had a permanent Florida residence for at least 25 years, you might be entitled to a 100% exemption. Your eligibility for this exemption depends on the county or city where you live, and your income must be below a specified limit.
What are the exemptions for senior citizens?Conditions for exemption: Senior Citizen should be of age 75 years or above. Senior Citizen should be 'Resident' in the previous year. Senior Citizen has pension income and interest income only & interest income accrued / earned from the same specified bank in which he is receiving his pension.
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