If you own a home in Florida — or plan to buy one — you’ve probably heard people talk about “homesteading” your property.
It’s not about farming or raising chickens (although you can do that too if zoning allows) — it’s about a valuable property tax benefit that can save you money every year and protect your home.

What Is the Florida Homestead Exemption?

The Florida Homestead Exemption is a state-granted benefit for homeowners who make their Florida property their primary, permanent residence.
If you qualify, you can reduce the taxable value of your home by up to $50,000 for property tax purposes — which lowers your annual tax bill.

How It Works

• First $25,000 exemption: Applies to all property taxes, including school district taxes, on the first $25,000 of your assessed value.

• Additional $25,000 exemption: Applies to the value between $50,000 and $75,000 — but not to school district taxes.

Example:
If your home is assessed at $300,000 and you qualify for the full exemption, you’ll only pay certain taxes as if your home were worth $250,000. That can mean hundreds in savings every year.

Other Benefits Beyond Tax Savings

1. Save Our Homes Cap — Once you have a homestead exemption, your assessed value can only go up a maximum of 3% per year (or the Consumer Price Index, whichever is lower), even if market values soar.

2. Portability — If you sell and buy another Florida home, you can take your Save Our Homes cap with you (up to $500,000 in value).

3. Creditor Protection — Florida’s Constitution offers strong protection for homesteaded property from certain creditors.

Who Qualifies?

You must:

• Own the property.

• Make it your permanent residence as of January 1 of the year you apply.

• File for the exemption with your county property appraiser’s office (in Jacksonville, that’s the Duval County Property Appraiser).

Deadline: March 1 each year for new applications.

Common Questions

Can I have a homestead exemption on more than one property?
No — it only applies to your primary residence.

Do snowbirds qualify?
Only if the Florida property is your permanent, year-round home.

What if I put my home in a trust or LLC?
Certain ownership structures still qualify, but it’s best to confirm with your property appraiser.

Final Takeaway

The Florida Homestead Exemption is one of the biggest financial perks of living in the Sunshine State. It lowers your property taxes, limits annual assessment increases, and adds a layer of protection for your home. If you’re moving to Jacksonville or already own here, make sure you don’t miss the filing deadline — those savings add up fast.

Have Questions About Buying or Selling in Jacksonville?

Contact CrossView Realty at 904-503-0672 or email info@crossviewrealty.com. We’ll walk you through how the Homestead Exemption could affect your next move — and help you make the most of Florida’s homeowner benefits.