Category: Florida Homestead
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How do you apply for Florida homestead?
To apply for Florida homestead, you must complete and submit a form DR-501. You can find the form online at your county’s property appraiser’s website or the Florida Department of Revenue’s website. On your county’s property appraiser’s website, you should also find instructions for where to submit the application. Keep in mind that your property…
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How can you be eligible for Florida homestead benefits?
The following are the three requirements to be eligible for Florida homestead benefits: If you have further questions about eligibility, contact the property appraiser in the county where the property is located.
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Florida’s Homestead Benefits
Florida has great homestead benefits, including state protection from creditors and tax benefits. Primary Florida homestead benefits: Creditor Protection – Protection from creditors, judgments, and lawsuits with limited exceptions. Tax – Up to $50,000 reduction on your property’s assessed value for tax purposes and annual increases on the assessed value of your homestead cannot increase…