Broward County Homestead Exemption For Seniors In Travis

State:
Multi-State
County:
Travis
Control #:
US-0032LTR
Format:
Word; 
Rich Text
Instant download

Description

The Broward County homestead exemption for seniors in Travis is designed to provide property tax relief to eligible senior citizens. This form allows seniors to benefit from a decrease in their property taxes based on criteria set by local regulations. Key features include provisions for age requirements, income limits, and duration of exemption eligibility. To complete the process, users must fill in personal information, document proof of residency, and provide notarized statements when necessary. Attorneys, partners, owners, associates, paralegals, and legal assistants may find this form useful as it aids in advising clients on tax benefits and assists in navigating the legal paperwork involved. Ensuring compliance with local laws while applying for this exemption may require professional guidance, making this form a vital resource for legal professionals working with senior clients. Specific use cases include assisting seniors in managing their estate planning or providing tax-related advice, as well as ensuring ongoing eligibility to protect their financial interests.

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FAQ

Senior Citizen Exemption You are 65 years of age, or older, on January 1; You qualify for, and receive, the Florida Homestead Exemption; Your total 'Household Adjusted Gross Income' for everyone who lives on the property cannot exceed statutory limits.

You can file your Homestead Exemption online at .bcpa or at the Broward County Property Appraiser office (BCPA) located at 115 South Andrews Avenue, Room 111, Fort Lauderdale, FL 33301. If you have any question in regard to Homestead Exemption, please contact BCPA at 954-357-6830.

By local option, the county and cities may adopt an ordinance increasing this exemption "up to $50,000" and/or the Long-term Residency Senior Exemption (see below for the list of cities adopting the increased amount).

You are 65 years of age, or older, on January 1; You qualify for, and receive, the Florida Homestead Exemption; Your total 'Household Adjusted Gross Income' for everyone who lives on the property cannot exceed statutory limits.

The total household income limitation is the same for both exemptions. It is made available by the Florida Department of Revenue annually and subject to change each year. The adjusted income limitation for the 2025 exemptions is $37,694.

A person seeking exemption under number 2 above must meet gross income limitations. Gross income includes veterans' and social security benefits. The gross income of all persons residing in the homestead for the prior year cannot exceed $14,500.

If the assessed value of your property is greater than $50,000, you will receive up to $25,000 for the extra homestead exemption.

Travis County offers a 20% homestead exemption, the maximum allowed by law. The Commissioners Court also offers an additional $85,500 exemption for homesteads of those 65 years and older or are disabled.

The Senior Exemption is an additional property tax benefit available to home owners who meet the following criteria: The property must qualify for a homestead exemption. At least one homeowner must be 65 years old as of January 1.

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Broward County Homestead Exemption For Seniors In Travis