Florida homestead exemption, what it is and how to apply
Short answer
It's a reduction in your main home's taxable value that lowers your property taxes: up to $51,411 in 2026, and the assessed value can't rise more than 3% a year. You must own and live in the home on January 1 and apply with your county Property Appraiser by March 1 of that year.
How much it saves
- The first $25,000 of assessed value pays no property tax at all, school taxes included.
- Another $26,411 (2026 figure; since 2025 it's adjusted for inflation each year) comes off value above $50,000, for non-school taxes only. Up to $51,411 in all.
The Save Our Homes cap
After your first homestead year, your home's assessed value can't rise more than 3% a year, or less if inflation was lower. Even when the market jumps, your taxes rise slowly.
Portability
If you sell and buy another main home in Florida within three years, you can carry up to $500,000 of your accumulated savings with you. You apply along with the new home's homestead.
When and how to apply
You must own the home and live in it as your permanent residence on January 1. The application is due March 1 of that year. Example: buy in October 2026, live there on January 1, 2027, and apply by March 1, 2027.
Polk and Osceola appraisers accept applications online. They usually ask for:
- The deed in your name.
- A Florida driver license or ID with the home's address.
- Florida vehicle registration, if you have a vehicle.
- Voter registration at that address, if you're registered.
Ask the appraiser's office which documents apply to you.
What makes you lose it
Renting out the home, moving to another main residence, or claiming residency in another state. Claiming it without being entitled brings penalties and interest.
On the ballot November 3, 2026
Florida voters will decide an amendment that would raise the exemption for non-school taxes to $150,000 in 2027 and $250,000 in 2028. It needs 60% of the vote to pass. I'll update this guide after the election.