Homestead Tax Deferral

Current Real Estate and Property Taxes

Any person entitled to claim Homestead Exemption may qualify to defer a portion of their property taxes or non-ad valorem assessments based on the applicant’s federal adjusted gross income for the previous year.

Anyone may defer that portion of taxes and any non-ad valorem assessments which exceeds 5% of the adjusted gross income of all members of the household for the prior year.

Anyone 65 years of age or older may defer that portion of taxes and any non-ad valorem assessments which exceeds 3% of the adjusted gross income of all members of the household for the prior calendar year or in their entirety if the applicants household income for the prior calendar year is less than $10,000.

Anyone 65 years of age or older with an annual adjusted gross income for the prior calendar year less than $20,000 or such higher amount adjusted annually under section 196.075(3), Florida Statues, may defer the entire amount of taxes and any non-ad valorem assessments.

If tax deferral is approved, it would become a first lien on the property and you must furnish fire insurance coverage with a loss payable clause to the Tax Collector. If there are any changes in Homestead Tax Deferral status, or failure to maintain insurance, or a change in ownership of the property occurs, all deferred taxes plus interest are due and payable.

An application to determine eligibility is available at the Tax Collector’s Main Office only and must be submitted for approval prior to January 31st of the current year for taxes owing for the prior calendar year.