How to apply for Florida Homestead Property Tax Deferral

Who it's for

Florida homeowners with a homestead exemption can put off paying part of their property taxes when the bill is high compared with their income. If you are 65 or older, you can defer the part of your taxes and assessments that is more than 3% of your household income (5% if you are younger than 65). You can defer the whole bill if household income was under $10,000 last year, or if you are 65 or older and your income is under the limit for the senior additional homestead exemption. The taxes are not canceled. They become a lien on the home, earn interest (no more than 7%), and come due when the home is sold or is no longer your homestead; a surviving spouse who qualifies can keep the deferral. You must apply each year with your county Tax Collector by March 31 and keep fire and extended insurance on the home.

What you'll need

• Tax deferral application form, from your county Tax Collector (filed by March 31 each year)
• Household income for the prior year (adjusted gross income of everyone in the home)
• A list of all liens on the home, such as a mortgage, with the current amount of each
• Proof of fire and extended coverage insurance at least equal to all liens, with a loss payable clause to the Tax Collector

Where to apply

Renewals

annual (new application each year by March 31)