Homestead Exemption: What is it + why is it important?

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Before purchasing a home, I was oblivious to what this tax exemption was, how to go about applying, deadlines and so forth. Now that I am a homeowner, it saves us money so therefore it is extremely relevant! So, below is a basic rundown on the Florida Homestead Exemption.

 What is the Florida Homestead Exemption and what are the benefits?
The Florida Homestead Exemption offers most homeowners a tax deduction on their primary residence. The deduction has a $25,000 value off of their property's assessed value which translates to saving several hundred dollars in taxes. 

What property qualifies for a Homestead Exemption?
Many types of home dwellings qualify for Homestead Exemption: single family residences, condo's. co-op apartments as well as some mobile homes.

How to apply and what's the deadline?
March 1st is the deadline. There is late acceptance through September 1st BUT I strongly encourage you to file as soon as you receive your deed (generally in the mail, 4 to 6 weeks after closing). Each county has different ways/places to file, both in person and online. For Duval, you can file at 231 E. Forsyth Street, Suite 260, Jacksonville, FL 32202 or online at http://homestead.coj.net/WebForm1.aspx

 
There are endless resources online to learn more about the Homestead Exemption. The best thing you can do is educate yourself and learn as much as you can. OR feel free to shoot me a message and Id be happy to help you with any additional questions!