Homestead Exemption

Homestead Exemption File Deadline is March 1st

In the State of Florida, if you own property and make the property your permanent residence as of January 1st of the tax year, you may qualify for homestead exemption and save hundreds of dollars. In Martin County, most homeowners save on average $400 - $600 each year. A common misconception is that you must reside on the property for a certain number of months each year in order to qualify for homestead exemption. There is no such requirement. Homestead exemption is $25,000 deducted from your assessed value before the taxes are calculated plus an additional homestead exemption up to $25,000 applied to the assessed value above $50,000. The additional exemption does not apply to school taxes. The year after you qualify for homestead exemption, your assessed value cannot increase more than 3% per year, or the increase in the consumer price index, whichever is lower. The increase is not automatic since the assessed value cannot be greater than the market value.

Martin County Property Appraiser

3473 SE Willoughby Blvd.

Suite 101 Stuart, FL 34994

Phone: (772) 288-5608

VISIT WEBSITE HERE>

Saint Lucie Property Appraiser

250 NW Country Club Drive,

Port Saint Lucie, FL 34986

(772) 462-1000

VISIT WEBSITE HERE>