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. The homestead exemption and Save Our Homes assessment limitation help thousands of Florida homeowners save money on their property taxes every year.At its core, homestead exemption reduces the taxable value of a homeowner's primary residence, meaning a portion of the home value will not be taxed. You may still have grounds to file a homestead exemption in Virginia, as long as you can demonstrate your ties to the property and your dependent there. The General Homestead Exemption Application Form helps eligible homeowners reduce their property tax. Some jurisdictions, including D.C., Florida, and Texas, have no limit, meaning the entire homestead is exempt from debt service. Generally, a homestead exemption can only be claimed in one state at a time, as it's tied to your primary residence. I don't understand how Virginia's homestead exemption works. Please don't hesitate to reach out with any questions you may have. Sincerely,. Mike Wells, Pasco County Property Appraiser.
