What is the Florida Homestead Exemption?

Answer by  Lindy14 (104)

Florida Homestead Exemption has multiple sections. The first is protection from the forced sale of property to satisfy creditors upon the owner's death (or if the owner is near death). There are exceptions however. It also provides a $25,000 ad valoreum tax break and protects the surviving spouse and/or child

Answer by  lgk (2426)

No, it is a way for property owners to get a bit of a break on their homes up to 50,000 dollars and is completely free to file. Go to the tax appraiser office and fill out the form, presto done. It save us about 300 a year.

Answer by  ivonaucla (23)

The Florida Homestead Exemption is a property tax exemption available in Florida. It's an allowance which protects homeowners and the filing due date is March 1st.

Answer by  dawn61 (60)

It deals with a property ownership and taxation. Also technicalities of the death of the owner dealing with owed funds and who claims the property.