Senior Citizen Exemption - Miami-Dade County (2024)

FAQs

How do you qualify for senior exemption in Florida? ›

An additional exemption is available if you have lived in your home for 25 years, you are age 65 or older on or before January 1 of the current year, and your adjusted gross income does not exceed the income limitation for the calendar year.

Certain property tax benefits are available to persons 65 or older in Florida. Eligibility for property tax exemptions depends on certain requirements. Information is available from the property appraiser's office in the county where the applicant owns a homestead or other property.

Property to the value of $5,000 of every widow, widower, blind person, or totally and permanently disabled person who is a bona fide resident of this state is exempt from taxation. See Form DR-501. (see section 196.202, F.S.)

Basic Homestead Every person who owns and resides on real property in Florida on January 1, makes the property his or her permanent residence, and files an application, may receive a property tax exemption up to $50,000. The first $25,000 applies to all property taxes.

Senior Citizen Exemption – Property tax benefits are available to persons 65 or older in Florida. Seniors may qualify for an extra exemption for an additional $50,000 of home value.

There is an additional $50,000 homestead exemption (FLORIDA STATUTE 196.075) for person 65 and older. The adjusted gross income requirement for 2024 cannot exceed $36,614 for all members of the household. An application DR 501SC must be submitted along proof of income.

Homestead Exemption: Every person who has legal or equitable title to real property in the State of Florida and who resides thereon and in good faith makes it his or her permanent home is eligible to receive a homestead exemption of up to $50,000. The first $25,000 applies to all property taxes.

Appealing your Home's Taxable Value

Any homeowner can ask for their home to be reassessed to determine its taxable value. If the appeals board reduces the value of the home, the tax burden will be lowered, because the property tax is computed by multiplying the home's taxable value by the current tax rate.

The 'Granny Flat' must be the permanent residence of the parent or grandparent. Only construction or reconstruction completed after January 7, 2003 qualifies. Construction or reconstruction must be properly permitted. The maximum reduction allowable is 20% of the total assessed value as improved.

The $25,000 TPP exemption

If you own TPP at or below $25,000 in assessed value, you will be eligible for a property tax exemption (provided you file your TPP return on time). The waiver applies in all subsequent years that the value of the property stays at or below $25,000.

Do you have to apply for homestead exemption every year in Florida? ›

Do I need to re-apply for my Homestead Exemption every year? No, you do not. The Property Appraiser mails out in January an “Automatic Residential Renewal Receipt” to every homesteaded property owner. If you do not have any changes, you can keep the receipt as proof that you are eligible for the automatic renewal.

The Florida homestead exemption is a property tax break that's offered based on your home's assessed value and provides exemptions within a certain value limit. With it, you can reduce the taxable value of your home by as much as $50,000 if you owned your property on January 1 of the tax year.

In order to qualify for the Low-Income Senior Exemption for 2024, an applicant must be 65 or older as of January 1, 2024, receive the Homestead Exemption on the property, AND have a combined household adjusted gross income for 2023 not exceeding $36,614 (note: this adjusted gross income limitation number is adjusted ...

To qualify for homestead exemption, you have to declare Florida as your permanent residence. For example, if you vote, you must vote in Florida. If you drive, you must have a Florida driver's license. Your home address on your federal income tax return should be Florida.

The spouse who holds the title of the property is responsible for applying for homestead exemption. Whether the house is owned through joint ownership with rights of survivorship, tenancy by the entirety, or another ownership type, Florida law preserves the rights of the owner's spouse.

For the 2022 tax year, seniors filing single or married filing separately get a standard deduction of $14,700. For those who are married and filing jointly, the standard deduction for 65 and older is $25,900.

Eligibility Guidelines

Persons aged 65 and older qualify if assistance is needed for four or more activities of daily living such as bathing, toileting or grooming. Individuals who do not require this level of assistance but are diagnosed with Alzheimer's or other progressive conditions may also qualify.