Florida Rulebook · Art. VII, s. 6, Florida Constitution · 196.031, Florida Statutes
What is Florida's homestead exemption?
The homestead exemption lowers the taxable value of the home you own and live in as your permanent home. The law gives $25,000 off for all property taxes, and a second $25,000 off (on value between $50,000 and $75,000) for taxes other than school taxes. The second amount can rise each year with inflation.
What the law says
- To qualify, a person must own the property (legal or beneficial title) on January 1 and in good faith make it their permanent residence or that of someone legally or naturally dependent on them (196.031(1)(a)).
- The first exemption is up to $25,000 of assessed value, from all taxes except assessments for special benefits (Art. VII, s. 6(a)(1)a.; 196.031(1)(a)).
- The second exemption is up to $25,000 on assessed value over $50,000, for all property taxes except school taxes (196.031(1)(b)).
- The second $25,000 is adjusted each January 1 for inflation using the Consumer Price Index, if the change is positive (Art. VII, s. 6(a)(2); 196.031(1)(b)).
- The deed must be recorded in the county's official records before the exemption can be granted (196.031(1)(a)).
- Only one exemption is allowed per residential unit (Art. VII, s. 6(b)).
- A person receiving a residency-based property tax exemption or credit in another state cannot get this exemption (196.031(6)).
“is entitled to an exemption from all taxation, except for assessments for special benefits, up to the assessed valuation of $25,000 on the residence and contiguous real property”
Art. VII, s. 6, Florida Constitution
Who this is for
Buying · Selling
Last checked against the official text on November 5, 2026. Laws change, and the official text always wins. This is general information, not legal advice. For your own situation, ask a Florida real estate attorney.