This is just a friendly reminder to file for the homestead exemption with Brevard County on property you own and occupy as a primary residence. If you purchased a home in 2016 and it is your primary residence you can file for Florida’s homestead exemption. There are several exemptions you may be eligible for:
- $50,000 exemption based on property’s assessed value (all homeowner’s)
- Disabled Veterans
- Homeowner’s 65 years or older
- Deployed for military service
- “Granny Flat” exemption (if living quarters are provided for parents or grandparents)
- Disabled homeowners may qualify for additional exemptions
The deadline to qualify for any of these exemptions is March 1, 2017. In addition if you deeded your property into a trust, life estate or made any changes to how the property is titled the homestead exemption needs to be re-filed. For more information please contact the Brevard County Property Appraisers office at 321-264-6700; you can also visit www.bcpao.us. If you live outside of Brevard County contact your local property appraiser’s office.
Finally if you sold a primary residence in Florida you may be able to transfer the homestead exemption on your prior residence to your new home. The “Save Our Homes Portability benefit” allows homeowner’s to transfer the dollar value difference between the assessed value and the market value of the home you sold to a new primary residence. To receive this benefit you must apply for BOTH the homestead exemption and the portability transfer; for more information contact the County office prior to March 1, 2017. We recommend you do not wait until the deadline to file for these exemptions! Once the exemption is granted your property tax assessment will be reduced; this saves you money in property taxes.
As always if you have any questions about your home mortgage please contact my office. We value your business and will assist you any way we can. Your referrals are greatly appreciated and we will take care of them locally from start to finish! Thanks again for choosing the Dyer Mortgage Group and best wishes in 2017!
Division President, Dyer Mortgage Group