Real Estate Homestead Tax Exemption Manatee County

Real Estate

 

What is the Homestead tax exemption and how do you go about getting the exemption in place? Florida has a tax incentive for homeowners that have purchased a home and are making it their permanent residence. In Florida if you have purchased and closed on a home by December of the previous tax year, you are able to register for the homestead tax exemption. You must register for the homestead by March 1 of the current year. What it does is for a single person it allows a $25,000 exemption for the taxable amount that the county appraiser says that your home is worth, and for a married couple it is $50,000. This means that if the county says that your home is worth $200,000 as a single person you would only be taxed on $175,000 and as a married couple you would only be taxed on $150,000 for your property taxes. If when you purchase the home it already has a homestead in place that will carry through for the current tax year and you would need to apply for the homestead for the following year that you have purchased the home. below is all of the information that you would need and where you need to go to apply.

March 1, 2019 final day for applying for homestead tax exemption!

Manatee county online application for homestead:

see comments below

915 4th Ave. W. Bradenton, FL 34205 941-748-8208

Sarasota County online application for homestead:

see comments below

2001 Adams Lane Sarasota, FL 34237 941-861-8200

You must be a permanent resident of Florida residing on the property as your primary residence as of January 1st.

The deadline to submit the application for exemption is March 1st (for the year in which you wish to qualify)

The following is a list of possible documents that you will be asked to provide information about.

Please have these documents available prior to starting the application.

Florida Drivers Licenses or Identification cards.

Will need to provide ID# and issue date.

Vehicle registrations. Will need to provide tag# and issue date.

Voters registrations. Will need to provide ID# and issue date.

Permanent Resident Alien Cards. Will need to provide ID# and issue date.

A legible copy will also be required to be submitted to the office. The following is a list of information that you will be asked to provide during the application process:

Date of birth

Social Security Number

Date of permanent Florida residence

Date of occupancy

Date of property purchase

Mailing address listed on last IRS tax return

Address of previous residence

Addresses of other property owned

Telephone number

Place of employment and telephone number

If you are married AND your spouse is NOT filing for homestead exemption, you will be asked to provide the following information:

Name of spouse

Primary residence address for spouse

Social Security Number of spouse

Date of birth of spouse

Does your spouse receive any resident based benefit

(such as but not limited to credits, exemptions, rebates, rollbacks, discounts, STARS, etc)? If so, at what property address?