Florida Homestead Exemption: What Every Miami-Dade Homeowner Needs to Know
February 16, 2025Florida Homestead Exemption: What Every Miami-Dade Homeowner Needs to Know
For Bea Citron, being a Florida resident and homeowner is not just about an address—it is about building a legacy. As a mother, homeowner, and founder of Team Citron, she saw firsthand the impact that smart financial decisions could have on families. Now, alongside her daughter Jenna, Team Citron continues to treat every client like family, ensuring they make the most of their homeownership journey. One of the most important ways? The Florida Homestead Exemption.
What is the Florida Homestead Exemption?
The Homestead Exemption is more than just a tax break—it’s a safeguard for families, helping them stay in their homes and invest in their futures. As homeowners themselves, Bea and Jenna know the relief that comes from knowing your property taxes won’t skyrocket unexpectedly. Here’s why this exemption is a must-have:
- Save up to $50,000 on your home’s taxable value.
- Lock in lower property tax increases—with an annual cap of 3% on assessed value growth.
- Protection from property tax surges, keeping your investment predictable and affordable.
Who Qualifies?
If you call Miami-Dade home, you may already qualify! To be eligible:
- You must own and occupy your home as your primary residence as of January 1.
- You need to prove Florida residency with the required documents.
How to Apply for Homestead Exemption in Miami-Dade
Filing is straightforward, and Team Citron recommends handling it sooner rather than later! Here’s how:
- Visit the Miami-Dade Property Appraiser’s Website Apply Here
- Complete the online application or submit your documents in person.
- Meet the deadline! File before March 1 to secure your tax savings for the year.
- Gather these required documents:
- A Florida driver’s license or ID with your Miami-Dade address.
- Vehicle registration showing a Miami-Dade address.
- Miami-Dade voter registration (if applicable).
- A copy of your deed or property records.
Why This Matters for You
For Bea and Jenna, helping homeowners understand these benefits isn’t just business—it’s personal. They’ve built their lives in Florida, raised families here, and watched their community thrive. They want the same for every client, ensuring they’re not only investing in a home but also in their financial security.
Filing for the Homestead Exemption isn’t just about saving money today—it’s about protecting your home value and financial future. This exemption shields you from volatile market shifts, keeping your tax increases minimal even if your property value soars.
Need Help? Team Citron Has Your Back!
Navigating property taxes and exemptions can feel overwhelming, but that’s why we’re here. At Team Citron, we treat every homeowner like family, ensuring they maximize every available benefit.
Got questions? We’ll help ensure you get the most out of this valuable tax break and maximize your investment in South Florida’s real estate market.
Stay Informed, Stay Protected, Stay Savvy
The Florida Homestead Exemption is just one of the many financial perks available to Miami-Dade homeowners. At Team Citron, we’re always here to keep you updated on the latest ways to save, invest wisely, and thrive in the South Miami real estate market.
Don’t leave money on the table—apply today and start saving!