FLORIDA HOMESTEAD EXEMPTION

Due Date is March 1st, 2024

All legal Florida residents are eligible for a Homestead Exemption on their homes, condominiums, co-op apartments, and certain mobile home lots if they qualify. The Florida Constitution provides this tax-saving exemption on the first and third $25,000 of the assessed value of an owner/occupied residence. While a complicated formula is used to explain this — as the additional $25,000 only applies to the non-schools portion of your tax bill in annual tax savings for all homes with a value of $75,000 or higher. Savings depend upon your city’s millage rate

You are entitled to a Homestead Exemption if, as of January 1st, you have made the property your permanent home or the permanent home of a person who is legally or naturally dependent on you. By law, January 1 of each year is the date on which permanent residence is determined.

Broward County:

For additional information on Homestead and Other Exemptions and what you will need to apply for the exemption:

Marty Kiar, Broward County Property Appraiser

Online Homestead Application 2024

Florida Department of Revenue

Florida Tax Oversight
The Property Tax System
Contact a County Official

I love keeping my community informed! Please reach out to me for any real estate assistance you may need. I will continue to serve my clients with experience, integrity and dedication.

Annette Dammeyer, REALTOR

Coldwell Banker Realty

901 E Las Olas Blvd STE 101, Fort Lauderdale, FL 33301

808.747.3686

Annette.Dammeyer@cbrealty.com

www.AnnetteDammeyer.com

SL 3535792

It is a new year! 2023 was an interesting year for real estate nationwide. How did the Fort Lauderdale Real Estate Market close out in December 2023?

December 2023 real estate statistics have been released!

Fort Lauderdale Area Reports

Single Family Homes

Condominium & Townhouses

Commonly asked questions while reviewing the reports:

What is the difference between “Median Sales Price” and “Average Sales Price”?

Median Sales Price | Price of the “”middle”” property sold -an equal number of sales were above and below this price.

Average Sales Price | Average sales price for all properties sold.

What does “Absorption Rate” mean?

Absorption Rate | Looks at the past year’s monthly supply of inventory. In a normal market there should be a 6 month supply. The higher the rate above 6 the more aggressive a seller has to be with the competition; price and having a picture perfect property.

Single Family Home Area Report listed first, Condo/Townhouses listed second:

2024 is already looking to be a year of opportunity with the interest rates lowering and sellers increasingly listing their homes. Please contact me if you would like to be automatically sent updated area market reports for Fort Lauderdale or another SE Florida city. I am here to help.