It’s time to start thinking about property taxes and your homestead tax exemption. Since you bought a home last year, the time is approaching. As long as you lived in your home on December 31st, 2022, you can apply for a homestead tax exemption. The home must be your primary residence.
If you are not familiar with homestead tax exemption, here’s how it works. The homestead tax exemption lowers the taxable value of your home. If you have a house that has an appraisal district tax valuation of $100,000 and you get a $15,000 exemption, the property tax you pay is based on a value of $85,000 ($100,000 minus $15,000), effectively lowering the tax owed to the county each year.
To claim the homestead tax exemption, you need to go to the Property Appraiser’s office at 4030 Lewis Speedway, Suite 203 or you can go online and fill out the forms Exemptions - Saint Johns County Property Appraiser (sjcpa.us) Be sure to apply by the deadline, which is March 1st 2023.
The following information will be requested of all filers: recorded deed, Florida driver’s license, Florida voter’s registration, social security number, Florida vehicle registration, statement of previous permanent residency, place of employment and address listed on federal income tax returns.
Please don’t hesitate to call me if you have any questions. I am here to help you.
Gratefully,
Stacey Scanlan, Broker Associate – Realtor
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