HOW TO LOWER YOUR PROPERTY TAXES!

Did you know you could be paying thousands in taxes without even realizing it?

Key Takeaways: Florida Homestead Exemption

🏡 Primary Residence Savings – Homeowners may qualify for a Homestead Exemption, reducing taxable value by $25,000 on the first $50,000 of assessed value.

📅 Deadline Matters – Applications must be filedwith your local county property appraiser before March 1st each year.

📉 Save Our Homes Cap – Your assessed value can only increase up to 3% per year (or less with inflation), helping keep property taxes stable over time.

🔄 Portability – If you move, you can transfer up to $500,000 in savings to your new home. This benefit helps long-time homeowners keep their tax savings even when upgrading or downsizing.

📝 How to Apply – File two forms with your property appraiser:New Homestead Exemption formPortability transfer form (if moving)

📲 Need Help? – Contact Justino Zoppe, JDZ Luxury Team – KW Smart 1 Realty, at 417-848-1383 for guidance.

💡 Pro tip: Missing the March 1st deadline means waiting until the following year to benefit — don’t delay!

Did you know you could be paying thousands in taxes without even realizing it?

I’m Justino with the JDZ Luxury Team at KW Smart 1 Realty, and today I want to highlight one of the most overlooked money-saving benefits for Florida homeowners: the Homestead Exemption.

If your property is your primary residence, you may qualify for a Homestead Exemption. That means $25,000 off the first $50,000 of your assessed value. What does that mean for you? A lower taxable value and lower property taxes.

Here’s the catch — you have to apply through your local county property appraiser, and you must do it before March 1st to get the savings for that year. Miss that date, and you’ll be waiting until next year.

Now, here’s where it gets even better. Thanks to Florida’s Save Our Homes cap, your assessed value can only increase up to 3% per year, or less depending on inflation. That’s why long-time homeowners often pay significantly less in property taxes than their new neighbors.

But what if you decide to move? Do you lose those savings? Not necessarily. Florida allows you to transfer your savings — up to $500,000 in value — to your new home. It’s called portability, and you can transfer either the full amount or a percentage of it depending on your new home’s value. Again, you have to apply, and the deadline is still March 1st.

To take advantage, visit your local property appraiser’s website or office. There are usually two forms: one for the new Homestead Exemption, and one to transfer your portability savings.

It might sound like a lot, but this is one of those benefits that can save you serious money over time.

If you have questions or need help navigating the process, reach out to me directly at 417-848-1383. I’m always here to help.

And please, support my channel by liking this video and subscribing for more content like this. And remember — if you’re looking to buy or sell, you can always Get Your Key with JZ