File By March 1st Homeowners have until March 1st to file for the homestead property tax exemption, an important tax benefit available to homeowners residing in Florida property that serves as their permanent residence. The $50,000 annual exemption generally saves those who qualify approximately $350-$450 per year, but more importantly allows those who file to qualify for a 3 percent annual property tax cap. As property values rise, so do real estate taxes. Under the "Save Our Homes" component of the homestead exemption, the annual tax increase cannot exceed 3 percent of the assessed value of your home.
	How To Qualify To qualify, a homeowner must live in a residence that is their permanent domicile on January 1st and must file no later than March 1st. The $25,000 exemption must be applied for in person at the County Courthouse or one of the satellite locations throughout the county. Upon application, homeowners must present their Social Security number, a copy of the warranty deed or tax bill to the residence, a voter's registration card or recorded declaration of domicile and a Florida driver's license and auto registration. If you don't drive, you must show a Highway patrol ID card issued by the Division of Driver's Licenses. If the residence is jointly owned, both parties must furnish this documentation.