• Blue two-story home with porches in Lincolnville, St. Augustine, FL

    What Is the Florida Homestead Exemption and How Do You Qualify?

    What Is the Florida Homestead Exemption -- and How Do You Qualify? Quick Answer The Florida homestead exemption reduces your home's assessed value by up to $50,000 for property tax purposes -- saving most homeowners $750 to $1,000 per year. To qualify, the home must be your primary residence as of J

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