There are several exemptions available to help you reduce your property taxes:
The Low income senior exemption has adopted an ordinance providing an additional $25,000 homestead exemption for low-income homeowners (total household income of less than approximately $25,873), who are age 65 and over. The tax savings is approximately $289.
The homestead exemption provides for a $25,000 exemption in assessed value for Florida homeowners. In 2008 the exemption resulted in a savings up to $485 in Leon County. Effective January 1, 2008, there is an additional $25,000 exemption on Non-School taxes for the valuation between $50,000 and $75,000. This is worth up to $290 in Leon County.
The $500 Widow(er)’s Exemption allows for any widow(er) who is a permanent Florida resident to claim this exemption. If the widow(er) remarries, she/he is no longer eligible. If the husband and wife were divorced before his death, the woman is not considered a widow. You may be asked to produce a death certificate when filing for the first time.
I will cover the rest of these in the next 2 blog entries.