As a property owner in Florida, homestead exemption is one way to reduce the amount of real estate taxes you pay on your residential property. A homestead exemption can benefit homeowners if one spouse in a twoincome household dies.The Florida homestead exemption is a property tax break that's offered based on your home's assessed value and provides exemptions within a certain value limit. So, a homestead exemption is a legal provision designed to protect the value in a principal dwelling place. Homestead Exemption. Exemptions. What is a Homestead Exemption? Maintain or obtain an out of state residency based tax exemption, reduction, benefit, credit, etc. (e.g. There are a number of state and local laws providing exemptions that can result in a lower taxable value on certain properties. For your convenience, enclosed is a brochure explaining how and where to apply for homestead exemption or other personal exemptions. A popular choice for many families to reduce or avoid MA estate tax altogether is to have a change of residency.
