YOUR FLORIDA RESIDENCY
Purchase your Florida residence and qualify for your homestead and receive the following benefits:
1. Save Our Home Tax Assessment Cap
The three percent cap is known as "Save Our Homes" (SOH) and was a constitutional revision that took effect January 1, 1995 which annually limits the increase in the assessment of homesteaded properties at 3% or the Consumer Price Index (CPI) whichever is less.
2. Portability of Tax Assessment Difference
Over time, in a normal upward market, the Market Value will outpace the capped Assessed Value creating a difference in the values. The difference in the values is the Save Our Homes (SOH) exempt value. It is value you have in your property that you are not paying taxes on. The purpose of SOH is to prevent long-time residents from being forced from their homes due to high property taxes.
3. Tax Assessment Exemptions
Receive exemptions from part of Tax Assessment for basic exemption, blind, widow, totally disabled veterans, etc.
Here is what is required from the Collier County Appraisers Office to qualify for Homestead:
A
person who, on January 1, has the legal title or beneficial title in equity to
real property in this state and who in good faith makes the property his or her
permanent residence or the permanent residence of another or others legally or
naturally dependent upon him or her, is entitled to an exemption. Once granted,
you are entitled to a reduction of up to $50,000 from the assessed value of
your dwelling.
To qualify you must be a permanent resident of
Florida as of January 1st of the year in which you apply for the exemption.
All of the following
items are required as proof of legal residence:
1. Evidence of ownership (deed, tax receipt, etc.)
2. Social Security numbers for all applicants and spouses; as required by F.S. Section 196.011(1)
3. Collier County Voter Registration (if you vote) dated prior to January 1st
4. Florida Driver License dated prior to January 1st
5. Florida Vehicle Registration dated prior to January 1st
Optional:
Declaration of Domicile filed with the Clerk of the Circuit Court prior to
January 1st of the year of application..
Additional information
may be necessary:
1. If not a U.S. citizen, a resident alien "green" card.
2. If your property is held in trust, a complete copy of the trust agreement.
3. If your residence is a mobile home, the real property decal number and a copy of the registration or title to the mobile home.
4. If you or your spouse benefited from a residency based exemption on an out of state property, a document from that government office stating the exemption has been removed will be required.
When and Where to File:
New applications for Homestead Exemption for the current year must be made in person prior to March 1st at the Property Appraiser’s office.
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Main Office: |
3950 Radio Rd.,
Naples, FL 34104 |
